Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 12

The price action of the next few days will determine whether Bitcoin will pull the altcoins higher or the altcoins will drag Bitcoin lower.

BTC/USDFor the past three days, Bitcoin has been trading inside the intraday highs and lows formed on September 8.

If the bulls successfully defend the support zone and push price above $6,500, a move towards the downtrend line is probable, with minor resistances at the 20-day EMA and the 50-day SMA.We might consider proposing a trade if we find that the BTC/USD pair is finding strong buying support after breaking out of $6,500.

On the downside, if the ETH/USD pair breaks below the support line, it can slide to $136.12, a level last touched on July 16.

BCH/USDBitcoin Cash has extended its journey southwards towards its first target objective of $400. If this support breaks, the next levels to watch on the downside are $300 and $282.The BCH/USD pair will remain in a downtrend as long as it trades inside the descending channel.

The change in trend will pick up momentum above $6.8299.XLM/USDStellar has been trading close to the critical support of $0.184 for the past three days.

The attempt to pull back on September 11 met with selling just above the 20-day EMA.The down sloping moving averages and the RSI in the negative territory indicate that the path of the least resistance is to the downside.

Any pullback will face resistance at $0.083192 and the 20-day EMA.XMR/USDMonero turned down from the moving averages after failing to break out of it from September 9-11.

The zone between $76.074 and $81 can provide a strong support, but if this line breaks down, the XMR/USD pair can fall to $61.5 and thereafter to $46.Any recovery on the upside will face a stiff resistance at the moving averages and the trendline.

IOTA/USDIOTA has turned down from the 20-day EMA and has broken below the September 9 lows, which increases the probability of a fall to $0.4628.Below $0.4628, the IOTA/USD pair can fall to the August 14 low of $0.4037.