BitConnect price seems like is taking ‘handle’ of the situation and cleared the pullback. BCC/USD made it to the 8th place by market cap with $1.4 billion couple of days after its all-time high.
BitConnect rocketed its way up on the List
After stepping on its record value of $218.05 on Oct 21, BitConnect price has faced sellers and its after-gain-pull back. For quite some time, the $200.00 mark has been presenting a significant barrier for the value to move upwards, and so the first time the pair BCC/USD was able to close above – just in a couple of minutes it bounced from $201 to $214 which was followed by its all-time highest level.
A speedy retest of the important $200 level did occur as quick-term profit makers took positions for their gain on the ‘game’. The range bounding are after the record mark is truly a hurdle between bulls and bears to create a higher appreciated trading ground but the price moved lower to $187.76.
First, second attempts were failing attempts by BitConnect price to close above successfully the $200.00 mark, however today a smaller but similar situation took place as in a couple of minutes the price moved above the particular level and now it is trading at $202.00 with 3.40 percent gain in the last 24-hours [as time of the press].
While its all good and on the green side, it is to early to say that the value will not be returning below the declining trend line again so any trade should be made on cautious.
BitConnect has moved upwards on the crypto-list by market capitalization positioning itself now above NEO (formerly known as Antshares) and chasing NEM which is at $1.8 bln market cap.