- Bitcoin price increased losses by $18,250 before it retreated higher.
- Ethereum is consolidating above $1300 and XRP could test that $0.365 resistance.
- BNX as well as HNT trade in the green zones.
Bitcoin price has remained in a bearish range, just lower than the $19,000 mark. BTC is at present (11:00 UTC) in a consolidation zone around the $18,500 level Bitcoin pr news distribution service . A wave of recovery that lasts for a short time could be in danger of being stalled near the $18,865 and $19,000 levels.
Similar to the above, many important altcoins may encounter resistance in the event of the possibility of a recovery. ETH is currently consolidating losses close to the $1,300 mark. XRP has been attempting an additional increase to $0.365. ADA remains at $0.435 threshold.
Price of Bitcoin
Following a bearish closing below $19,000 , and the 50-hour simple moving mean, bitcoin price increased losses. BTC has been on a bearish trend and traded even below the $18,500 resistance. It tested the $18,250 mark and has recently begun a small upward correction.
There was a rise over the $18,500 and $18,600 levels. On the positive side the price is now in the process of overcoming resistance at $18,865. A new major hurdle is at the level of $19,050 as well as a connection to a bearish trend line is visible on an hourly chart.
On the negative side on the downside, the price could hit support around $18,380. The next significant support is in the $18,250 area Below that, the price might reach the $18,000 support zone.
Ethereum value began a dramatic fall below $1,400 and the simple moving average of 50 hours Bitcoin press news distribution service. The price even fell below $1300 before bulls decided to stand.
The price is currently in a consolidation process above the $1,300 mark. The next important support level is $1,275 below which price may be tested at $1,220.
On the other hand the immediate resistance is near the $1,325 threshold. A new major support is being formed near the $1,350 mark as well as the bearish trend line appears in the chart hourly.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) fell just below the $0.45 threshold. The price is consolidating close to the $0.435 level , and could fall toward the $0.42 level.
BNB is trading at or below the $265 support level. If losses continue to mount BNB’s price could be able to test the support of $250. Should it not be successful, the price may be able to recover above the $265 support in the near future.
Solana (SOL) was well-priced above $30.00. $30.00 support. Bitcoin press release distribution service The price could start an upwards trend, but the bears might remain in the vicinity of the $32.50 resistance mark.
DOGE is slowly moving downwards towards the $0.0550 price. Losses that continue could send DOGE towards the $0.0535 mark. The principal support is located just below the $0.0500 mark.
The price of XRP is trying to recover a price over the $0.35 threshold. If there is a strong movement Bitcoin press release distribution service, the price could possibly be able to break that $0.365 resistance. A new major support could be near $0.395.
There are many altcoins on the market today.
A number of altcoins are falling over 8percent, which includes ETC, EOS, CRV, CEL, KSM, LDO, WAVES, LINK, RVN, AR, SNX, DOT, and FTM. In contrast, BNX is up over 5percent and is gaining over the $150 mark.
To summarize Bitcoin price is currently rising above the $18,500 threshold. If BTC does recover, it might encounter resistance Bitcoin news site at the $19,000 and $19,050 marks in the near term.
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