Bitcoin’s price failed to break into the positive territory, and it continued to fall below USD 35,000. BTC made a low near USD 31,150 after testing the USD 31,000 zone. It is currently correcting higher (04:40 UTC), but bears may remain active near USD 38,000.
Similarly, the majority of major altcoins continued to fall. ETH tested the USD 1,750 zone after breaking the USD 1,850 support. The price of XRP/USD has dropped over 15% and has even tested the USD 0.650 level.
Bitcoin’s price has recently continued to fall below the USD 35,000 and USD 33,200 support levels. BTC fell below USD 32,000, testing the USD 31,150 level. It has since corrected higher and is now trading well above USD 33,200. The price has even risen above USD 35,000, but there are still many obstacles to overcome.
Near the USD 36,500 level, there is some initial resistance. The first major resistance is near USD 38,000, above which the price may test the main weekly resistance at USD 40,000.
The price of Ethereum has recovered over USD 1,000 and is now trading above the USD 2,800 resistance level. The USD 2,980 and USD 3,000 levels are now major resistance levels for ETH. If a successful close above USD 3,000 is achieved, the price may move higher in the near term.
The price may correct gains if there is no break above USD 3,000. The first major support is currently near USD 2,650.
BNB, LTC, DOGE, and XRP price
Binance Coin (BNB) has plummeted below the USD 300 mark. BNB even tested the USD 215 support after breaking through the USD 250 support. It has since corrected higher and is now trading above USD 250. Bears may remain active near USD 285 and USD 300, however.
The price of Litecoin (LTC) has dropped below the USD 200 support level. LTC even tested the USD 120 level after breaking through the USD 150 level. The price has started to rise again, and it is now trading above USD 150. The first major resistance on the upside is near USD 165, followed by USD 180.
Dogecoin (DOGE) has continued to fall below USD 0.320 and USD 0.300. It has now recovered losses after testing the USD 0.250 support zone. Near the USD 0.320 level, there is immediate resistance. Near USD 0.350, the main breakout zone is forming.
The price of XRP has dropped significantly below the USD 1.00 and USD 0.880 support levels. The price even fell below USD 0.75, testing the USD 0.650 mark. Although it is recovering, bulls may face difficulties near USD 0.880 and USD 0.928. Near the USD 0.650 level, the main support is found.
Today’s market for other altcoins
HNT, STX, MKR, MATIC, ONE, XLM, and LEO are among the altcoins that have gained more than 5%. MATIC has increased by more than 20%. NEXO, LUNA, CHSB, SNX, KLAT, and BTG, on the other hand, are down more than 20%.
Bitcoin’s price is currently struggling to stay above the USD 38,000 and USD 40,000 resistance levels. BTC may test the USD 30,000 level in the coming sessions if a new decline occurs.