- Bitcoin is hovering around $20,500.
- Ethereum fluctuates around USD 1,150, XRP struggles to rise.
- XMR and CHZ are the best performers today.
Bitcoin price settled below the $21,200 pivot level. BTC is currently (11:49 UTC) consolidating near the $20,500 level and is down nearly 4% in a day and up more than 6% in a week.
Likewise, most major altcoins are showing bearish signs. ETH is in trouble and could break the support at $1,120. XRP is stuck near the $0.32 area. ADA might drop more sharply if there is a move below the $0.45 support zone.
Total market capitalization
After a close below the USD 21,200 level, bitcoin price prolonged and settled losses below the USD 21,000 level. The bulls are now struggling to hold the price above $20,500 and $20,400. The next major support is near the $20,000 area, below which the price may revisit key support at $19,500. Any further losses could push the price up to $18,800.
On the upside, the price might face resistance near the $21,000 level. The next major resistance is now forming near $21,200, above which the price may rise steadily.
Ether price moved below the USD 1200 level to move into a bearish zone. ETH even traded just below the $1,150 support level and fell 3% in one day and rose almost 7% in one week. The next major support is near $1120, below which the price may gain bearish momentum and may even revisit the $1050 level.
On the upside, the price may face resistance near $1,185. The next major resistance is found at $1200, above which the price could rise to $1250.
ADA, BNB, SOL, DOGE and XRP prices
Gimbal (ADA) is consolidating near the $0.45 support. A break down and a close below $0.45 could trigger a steeper decline. The next major support is near the $0.42 level.
BNB tested the USD 230 support zone. The next major support is near the USD 222 level, below which there is a risk of a move towards the USD 215 level. On the upside, the bears could remain active near USD 240.
Solana (SOL) struggling to hold above the USD 35 level. If there is a break below the $35 level, the price could slide towards the $30 level. Conversely, it could perhaps go up to 37.50 USD.
DOGE is down more than 4% and is trading below the $0.0665 level. It is also struggling to stay above the $0.065 level, below which it could dip to $0.0620.
XRP Price is back in the same range near the $0.32 level. A close below $0.32 could send the price towards $0.30. Any further losses may require a move towards $0.288.
Market of other altcoins today
Many altcoins are in the red zone, including DOT, TRX, AVAX, LEO, MATIC, LTC, FTT, CRO, XLM, NEAR, ALGO, ETC, and BCH. Meanwhile, XMR and CHZ are the two best performers among the top 100 cryptoassets by market capitalization today, as they surged more than 5% in one day, topping $130 and $0.107 respectively. XMR is also up 12% in a week, while CHZ jumped 9%.
In summary, bitcoin price is struggling to recoup losses above $21,000. If BTC settles below USD 20,000, there is a bigger downside risk.