Bitcoin’s price fell more than 3% and tested 45,000 USD.
Ethereum fell 5%, XRP is struggling to stay above USD 0.80.
DOGE gained nearly 7% and broke above the $ 0.160 level.
Bitcoin price struggled to stay above the USD 47,000 pivot level. BTC started a new decline and was trading below the USD 46,000 support. Currently (04:07 UTC) it is down more than 3% and is trading close to USD 45,200.
Furthermore, most of the major altcoins are also showing bearish signs. ETH is down more than 5% and there has been a move below the USD 3,350 support. XRP could gain bearish momentum if it breaks the USD 0.80 support. ADA is also down 6% and there was a move below USD 1.15.
The price of Bitcoin
After struggling to break out of the USD 47,200 level, Bitcoin’s price has started a new decline. BTC fell below the USD 46,000 support level and also tested the USD 45,000 support level. The next major support is near USD 44,450, below which the price could extend its fall. In this case, the bears could test the USD 43,200 support.
On the upside, an initial resistance is found near the USD 45,500 level. The next key resistance is near the USD 46,300 level, above which the price could start a steady rise.
The price of Ethereum
The price of Ethereum hit a high near the USD 3,550 level and fell more than 5%, breaking the USD 3,350 support. The price also tested $ 3,275. It is now consolidating above USD 3,300. If there is a further decline, the price could possibly test USD 3,250. The next major support is near the USD 3,200 level.
On the upside, the price could struggle near USD 3,380. The next key resistance could be near the USD 3,420 level, beyond which the price could possibly rise to USD 3,500.
The price of ADA, BNB, SOL, DOGE and XRP
The price of ADA, BNB, SOL, DOGE and XRP
Cardano (ADA) fell sharply after a close below the USD 1.18 support. It is now down 6% and there has been a move below USD 1.15. The next key support awaits near the USD 1.12 level.
Binance coin (BNB) is reducing earnings and trading below USD 442. If the bears stay in action, the price could test the USD 432 support. Any further losses could send the price towards the USD 420 level.
Solana (SOL) is down more than 7% and the bears have pushed the price below the USD 125 support. The next major support is near the USD 120 level. If there are more falls, the price could test USD 112.
Dogecoin (DOGE) remained in a positive zone above the $ 0.155 level. It is up nearly 7% and the bulls have pushed the price above USD 0.160. If they remain in action, the price could test USD 0.165.
The price of XRP is struggling to stay above the USD 0.80 support. If there is a break to the downside and a close below USD 0.80, the price could fall towards USD 0.75.
More altcoin markets today
Many altcoins are down more than 5%, including AVAX, DOT, MATIC, NEAR, ATOM, WAVES, LINK, UNI, TRX, BCH, FTT, ETC, XLM, and VET. Of these, WAVES is down 13% and is trading below $ 30, while CELO is down 11% to $ 4.27.
Overall, the bitcoin price is trading close to a major support at USD 45,000. If BTC slips below USD 45,000, there is a risk of further downside.