- Bitcoin price is struggling to stay above $20,000.
- Ethereum may see $1,000 again, XRP struggles below $0.35.
- ADA and SOL are down 6%.
Bitcoin price failed to stay above the $21,200 resistance zone and corrected below the $20,500 level. It is currently trading (12:48 UTC) at almost USD 20,200 and is down 4% in one day and almost 8% in one week.
Likewise, most major altcoins are also falling. ETH fell below $1120 and may even retest $1000. XRP is stuck near $0.320. ADA is down 6% and approaching the $0.45 support zone.
Total market capitalization
bitcoin price
After a refusal greater than 21,500 USD, bitcoin price slipped below USD 21,200. BTC even dipped below the $20,500 support zone to enter a negative zone. On the downside, an initial support is near the $20,000 level. The next major support is near the $19,500 area. A close below the $19,500 level could restart the downtrend and the price could slide towards $18,500.
On the upside, immediate resistance is near the $21,000 area. The main pivot zone is now near $21,200 and $21,500, above which the price could begin a steady rise.
Ether price
Ether price also failed to stay above the $1150 resistance zone. ETH traded lower and fell below the $1100 level. The bulls are now protecting the $1050 support zone. If there are further losses, the price could revisit $1,000. The next major support is near USD 935. ETH is down 6% in one day and nearly 10% in one week.
On the upside, the price is facing resistance near the $1,132 level. The next major resistance is near $1150, above which the price could reach $1200.
ADA, BNB, SOL, DOGE and XRP prices
Gimbal (ADA) started a fresh decline below the $0.48 support zone. It even broke below the $0.465 level. It looks like the bears are aiming for a test of the $0.45 support.
BNB started a further decline below the USD 220 level. The price tested the $212 support level. If the bears remain in action, there is a risk of movement towards the $200 support zone.
Solana (SOL) earnings reduced from the 40 USD zone. The price is now consolidating its gains near the $35 level. If there is a downside break below the $35 level, the price could slide towards $32.
DOGE is stuck near the $0.0620 area. An immediate resistance is near the $0.065 level, above which the price could rise towards $0.070. Otherwise, the price might slide below $0.060.
XRP Price is stuck near the $0.32 area. If the bulls fail to push the price above $0.35, there could be a stronger bearish reaction. Conversely, the price could move towards 0.40 USD.
Market of other altcoins today
Many altcoins are down more than 5%, including DOT, AVAX, MATIC, LINK, NEAR, ETC, XMR, VET, MANA, EGLD, and APE. Of these, CEL is down more than 15% and is trading near the $1 level. Meanwhile, UNI and WAVES are up 11%.
In summary, bitcoin price is struggling to rally further above $21,200. If BTC slips below USD 20,000, there could be a fresh bearish wave.
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