Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, August 10

Bloomberg Intelligence analyst Mike McGlone believes that Bitcoin will plunge to last year's average level of $4,000.

BTC/USD The bulls have defended the critical support level at $6,075.

The downtrend can extend to the next support levels at $5,400 and $5,000.

ETH/USD Ethereum is struggling to bounce off the critical support at $358. On August 8, the fall to $346.35 was the lowest level since November 19 of last year.

The first sign of strength will be when the price sustains above the 50-day SMA. BCH/USD Bitcoin Cash made a new year-to-date low on August 8 when it fell to $564.9304.

The pair will gain strength if the price sustains above $620. Conversely, if the bears break below $537.8221, the coin can slump to $400. EOS/USD After a failed pullback attempt on August 9, EOS is likely to stretch its downward move to the next support zone of $3.8723 - $4.3396.

LTC/USD Litecoin has retraced all the way back to the levels last seen in mid-November of last year.

An attempt to pull back on August 9 fizzled out at $65 and currently the bears are trying to extend the decline to the next target of $57. Between late September to early November of last year, the LTC/USD pair repeatedly found support close to the $48 - $52 zone.

If the bulls defend one of the above-mentioned support levels, the pair might attempt a pullback.

TRX/USD Tron is struggling to bounce off the critical support at $0.022806.