- The price of Bitcoin drops towards 20,000 USD.
- Ethereum tests $1,150, XRP approaches $0.320.
- Only a few altcoins are in the green today.
Bitcoin price failed to initiate a stronger rise above the $21,200 level, started a fresh decline and traded below $21,000. It is currently trading (04:07 UTC) near USD 20,300 and is down 2% in a day and a week.
Likewise, most major altcoins are showing signs of further losses. ETH struggling to stay above 1,150 USD. XRP is now falling towards $0.32. ADA might dip towards the $0.455 support zone.
Total market capitalization
bitcoin price
After a bearish rejection above the USD 21,200 level, bitcoin price began another decline. The bears even pushed the price below the $20,500 level. On the downside, an initial support is near the $20,000 level. The next major support is near the $19,450 area, below which the price might even test $18,800.
On the upside, the price might face resistance near the $20,650 level. The next major resistance is now near $21,000, above which the price may attempt a stronger rise.
Ether price
Ether price also started a fresh decline from the $1220 resistance zone and is now struggling to stay above the $1150 support zone. ETH fell 3% in one day, reducing its weekly gains to 2%. The next major support is near $1,120, below which the price might even dip to $1,050.
On the upside, an immediate hurdle is near the $1200 level. The next major resistance is near $1,250, above which the price may start to rise again.
ADA, BNB, SOL, DOGE and XRP prices
Gimbal (ADA) failed to stay above the $0.50 resistance. The price drops and trades below $0.48. If there are further losses, the price might even test the $0.455 level.
BNB failed to clear the $242 resistance zone. It is down nearly 3% and is trading below $230. If the bears stay in action, perhaps the price could drop towards the $220 support zone.
Solana (SOL) is down nearly 6% and trading well below $38. The first major support is near the $35.00 level, below which the price might even test the $32 level.
DOGE cuts its gains and is trading below the $0.070 support zone. The next major support is near the $0.065 level, below which there is a risk of a move towards the $0.0620 level.
XRP Price is now trading well below the $0.35 support. It looks like the bears are aiming for a test of the $0.32 support. Any further losses could send the price towards the $0.30 support level.
Market of other altcoins today
Many altcoins are in the red zone, including DOT, SHIB, AVAX, CHZ, ENJ, LTC, UNI, FTT, NEAR, ETC, BCH, SAND, HNT, and EGLD. Of these, ENJ and CHZ are the worst performers among the top 100 cryptoassets by market capitalization today. Meanwhile, several altcoins are up 2% to 15%, including MATIC, 10SET, APE, BTT, TITAN, SNX, and 1INCH.
All in all, bitcoin price drops towards 20,000 USD. If BTC fails to stay above $20,000, there is a steeper downside risk.
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