The price of bitcoin mine has consolidating above the USD 20,000 support level as altcoins rise.
XRP moves above USD 0.31, while Ethereum faces resistance above USD 1,150.
Today’s top performers are EGLD and TFUEL.
Bitcoin price fell below the USD 21,200 support, although the USD 20,000 support zone was protected by the BTC bulls. The price is currently (11:44 UTC) stabilising about USD 21,200, unchanged from the previous day, but down 30% from the previous week.
Similarly, the majority of
big altcoins rise is maintaining key support levels. ETH is still trading above $1,000, but it is experiencing numerous challenges. Before correcting, XRP climbed towards USD 0.335. The USD 0.50 resistance has being tested by ADA.
Bitcoin’s Price
Bitcoin’s price has broken through the USD 21,200 support after a recent drop. BTC fell as low as USD 20,500, although bulls remained active above the USD 20,000 support. The price has recovered and has presently trading above USD 21,000 for the first time. On the upside, the first major resistance is located near USD 21,500. The next big resistance level is near USD 22,000, above which the price might increase to USD 23,000.
Bitcoin price fell below the USD 21,200 support, although the USD 20,000 support zone had protected by the BTC bulls. The price is currently (11:44 UTC) stabilizing at about USD 21,200, unchanged.
On the downside, the first level of support can be found near USD 20,500. The next significant support level is at USD 20,000, below which the price may begin a big decline.
Ethereum Price
To date, Ethereum is the most successful and widely used altcoin in the cryptocurrency market. Since its inception, Ether (ETH), the native token, has seen a steady and rapid increase in its value. Experts predict that Ethereum’s value will increase by 400% this year.
The price of Ethereum continued to fall below the USD 1,100 mark. ETH, on the other hand, remained well bid between USD 1,020 and USD 1,040. The price is currently attempting a recovery wave above USD 1,100, having fallen about 1% in a day and 39% in a week. On the upside, the price is coming up against resistance near USD 1,150. The price could increase to the USD 1,250 barrier if it breaks through the next significant obstacle near USD 1,200.
If this does not happen, it is possible that it altcoins rise will continue to fall below USD 1,050. The next significant support level is around USD 1,000, below which the price could drop to USD 850.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) is once again trading above the USD 0.48 mark. It is now stabilising about USD 0.50. In the short term, a close above USD 0.50 could signal the start of a steady rise.
BNB maintained its position above the USD 212 support level. The price is now growing and approaching the USD 220 mark. Near USD 225, the next major obstacle, the price might test USD 235.
Solana (SOL) continues to gain ground above the USD 30 mark. A near-term resistance on the upside is near USD 32. Near the USD 35 and USD 36 levels, the key breakout zone is formed.
Today’s market for other altcoins
FTT, XMR, HBAR, HNT, TFUEL, EGLD, FTM, BAT, AR, and BORA are among the
cryptocurrency market that are showing promise. Among the top 100 coins, EGLD and TFUEL are the greatest performers today, with gains of 9 percent and 12 percent, respectively. TFUEL surpassed USD 0.048 and is now down less than 23% in a week, altcoins rise while EGLD climbed above USD 54 and lowered its weekly losses to 13%.
To summarise, the price of
bitcoin vs Ethereum is facing an uphill battle near USD 21,500 and USD 22,000 levels. BTC is still at risk of falling below USD 20,000 as long as it is below USD 23,000.
