Bitcoin prices remained below USD 42,000, in a bearish zone. BTC traded as close to USD 41,000 before moving higher. It is currently trading at USD 42,000 at 04.18 UTC, but there is a critical resistance near USD 42,500.
Similar challenges are faced by most altcoins. To begin a steady recovery, ETH must reach USD 3,200. XRP remained above the USD 0.72 support level. ADA is experiencing an increase in selling pressure under USD 1.40.
Bitcoin price
After breaking below USD 42,000, Bitcoin price continued to decline. BTC traded as low as USD 41,200, but the downsides were minimal. The cryptocurrency is currently recovering and trades above USD 42,000. The USD 42,200 mark is the immediate resistance. The USD 42,200 level is the next major resistance. Above that price could start to increase steadily.
A support level near USD 41,250 is the initial support. Near USD 40,500 is the next major support, below which there are more losses.
Ethereum price
Ethereum price briefly fell below USD 3,100. ETH reached USD 3,050 before recovering higher. A USD 3,180 resistance is nearby. The next major resistance is close to USD 3,200. If the price breaks that, it could start a stronger upward movement.
The USD 3,050 level is the initial support. Bears may seek a greater decline below USD 3,000 as the main support.
ADA, BNB and SOL prices.
Cardano ADA saw its gains trimmed and it settled below USD 1.40. It is now trading at USD 1.35 and down 7%, reducing its weekly gains to below 4%. ADA is currently down 16% from its weekly peak of 1.61. Near USD 1.32 is the next major support. A further loss could push the price towards USD 1.255.
Binance coin is trying to break the USD 472 resistance. The bulls will succeed and the price could reach the USD 500 mark. However, the price could fall towards USD 450 support.
Solana settled under the USD 140 level. Support is located near the USD 132 level. A negative break below the USD132 level could lead to a fall towards the USD125 level. The USD 140 zone is a strong resistance.
DOGE is falling towards the USD 0.160 mark. The USD 0.150 level is the next support. The USD 0.150 level could be a resistance if the price continues to rise.
XRP price consolidating below USD 0.75. The USD 0.720 support is a strong resistance, below which the price may fall further. The bulls might attempt to break above USD 0.75 resistance.
Altcoins are also available today
Some altcoins are falling by more than 4% including NEAR and LINK. FTT rose by more than 8%, and the price of USD 47 increased its weekly gains to nearly 16%.
Bitcoin price is currently showing bearish signs, below the USD 42,500 mark. The USD 42,500 resistance level must be cleared by the bulls to initiate a stronger recovery wave.
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