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Market data are provided by the HitBTC Exchange.

Harvard economist Kenneth Rogoff believes that the value of Bitcoin will drop to $ 100 in a decade. He said that the increase in regulation is one of the aspects that will lower the value of Bitcoin. We, on the other hand, believe that in a decade, cryptocurrencies will have much more use cases and that they will increase their demand, propelling prices higher.

Bitcoin entrepreneurs took on the task of rebuilding Puerto Rico's economy that was affected by a natural disaster and a shortage of funds. It's a new experience, and if it succeeds, it will be implemented in many other places.

Moreover, the increased involvement of large companies in the crypto world shows their increasing acceptance, which is a bullish sign.

BTC / USD

We expected Bitcoin to come out of the neck of the inverted head and shoulders and move toward the $ 13,000 goal. But the bears have strongly defended the levels of $ 12,200.

<img alt=" BTC "src =" https://cointelegraph.com/storage/uploads/view/f30cc7e4450d743c3d406113d552f75c.png "title =" BTC "/>

Yesterday, February 5 , the BTC / USD pair has reached a high of $ 11,934.08 but has not managed to get out of overhead resistance Currently, cryptocurrency is backing down and should find support for the rising channel trend line In the event of a break in this support, the next support is at the EMA for 20 days and below that of the 50-day SMA

Therefore, traders may increase their stops to 11 $ 000 on the remaining half position.After the price held under the channel, we expect it to remain between $ 9,500 and $ 12,200

ETH / USD

We had recommended traders to increase their stops on Ethereum to $ 830 in our previous analysis, which was hit today. hui, February.6 The bulls have failed to come out of the 20-day EMA for the past nin e days

<img alt=" ETH "src =" https://cointelegraph.com/storage /uploads/view/25bef2e6de978b63697be8a303492408.png "title =" ETH "/>

As the price is lower than both the 20-day EMA and the 50-day SMA and is in the process of Down the resistance line down the channel, the bears have a hand.

Now the chances are that the bears push the ETH / USD pair towards the $ 780 levels. If this level breaks, the next support is at $ 723.

BCH / USD

We recommended to buy Bitcoin Cash on a break above the fork, but bulls could not push 20-day EMA prices and resistance to overhead.

<img alt=" BCH "src =" https://cointelegraph.com/storage/uploads/view/ae61e469c5e04ef967b569d0849210fc.png "title =" BCH "/>

Now the bears are The pair BCH / USD would fall below this support, it would probably fall to the target value of 950 dollars.

Our opinion bearish will be invalidated if the cryptocurrency fate of $ 1,355

XRP / USD

In previous analysis, we were not sure of the price action of Ripple Yesterday, March 5, the price broke he could not clear the 50-day SMA

<img alt=" XRP "src =" https://cointelegraph.com/storage/uploads/view/ab318ffb56a3760fd77d989f562fe35a.png "title =" XRP "/>

Prices have fallen sharply, and the XRP / USD pair should now continue trading in the range. If the bears push prices below the $ 0.85 level, they can extend their fall to $ 0.72.

We can not find a commercial configuration at the moment.

XLM / USD

Stellar continues to trade in the range because bears have not been able to fall below the $ 0.32 levels.

<img alt=" XLM "src =" https://cointelegraph.com/storage/uploads/view/29c1362155fe7179a9598375b9191fd5.png "title =" XLM "/>

On the rise, the XLM / USD pair is facing the 20-day EMA resistance If the break is $ 0.32, we could see a decline at the down channel support line at $ 0.22

The bulls will continue to face resistance from the 20-day, 50-day AMF and

LTC / USD

Although Litecoin continues to trade above the 20-day EMA, it has lost momentum, with both moving averages being flattened, which we recommend traders to retain the stop loss at $ 200, to the balance.

<img alt=" LTC "src =" https://cointelegraph.com/storage/u pledge / view / f7890cc097337c031bd53c0fb100dfd5.png "title =" LTC "/>

Yesterday, the 5th of March, the bulls tried to break the line of the downtrend, but they could not support the line.

The LTC / USD pair is likely to correct to SMA 50 days. If this level breaks, a move towards $ 175 is also possible, where we expect strong purchases to emerge

We should become bulls if cryptocurrency is maintained above $ 225

ADA / BTC

Cardano remains above the critical support level of 0.00002460 for four days, but lack of support-level buy shows that bulls are not interested in buying even at these levels.

<img alt=" ADA "src =" https://cointelegraph.com/storage/uploads/view/918ff1a17577342e0a85a0179c5b116f.png "title =" ADA "/>

If the price falls Inversely, the ADA / BTC pair will face 20-day EMA resistance and 50-day SMA

NEO / USD

We expected the $ 108 levels to provide solid support, but we were wrong, and NEO broke below our suggested stop loss of $ 105.

<img alt=" ] NEO "src =" https://cointelegraph.com/storage/uploads/view/3bf88447b8e9cf1899ce5e8e2b921b25.png "title =" NEO "/>

The NEO The USD / USD should now fall to 93, $ 5. The area between $ 86 and $ 93.5 could offer solid support. If it breaks, the cryptocurrency will become negative

On the other hand, the price will become positive on a sustained movement above $ 140.

EOS / USD

EOS broke down the symmetrical triangle, which is a bearish development. Currently, the price remains at the horizontal support of $ 7.5.

<img alt=" EOS "src =" https://cointelegraph.com/storage/uploads/view/65526f502dcbb0788540280662402d8c.png "title =" EOS "/>

If this level is also broken, it is likely that the lows of the 06 are subject to a new test, while the bulls will withstand the 20-day EMA and the 50-day SMA.

We will become bullish when the EOS / USD pair crosses the levels of $ 10,11090

Market data is provided by the exchange HitBTC . Graphics for analysis are provided by TradingView.