Bitcoin (BTC) failed to settle above USD 35,000 and continued its decline. On the flip side, Ethereum (ETH) is moving lower towards USD 1,000, Ripple (XRP) could retest the USD 0.265 support zone. MANA, WAVES, and ZEC are up 4%-8%.
Bitcoin (BTC) failed to gain strength above USD 35,500 and USD 36,000 and declined under USD 35,000. The BTC is currently (05:00 UTC) showing bearish signs, but it could find a strong support near USD 31,200 and USD 30,500.
Furthermore, most major ALTS failed to clear the key stress zone. ETH/USD topped near USD 1,150 and declined over USD 100. XRP/USD settled under USD 0.300, and it might dip to USD 0.265.
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Bitcoin Price
Yesterday, Bitcoin (BTC) saw a crucial rejection above the USD 36,000 zone. BTC struggled to clear the key inflection zone and started a fresh decline. It settled under USD 35,000 and even broke the USD 34,400 support. Initial support is near the USD 33,000 level. The first major support is at USD 31,200, under which BTC might test USD 30,000.
On the upside, BTC is facing a lot of hurdles, starting with USD 34,600. The first key resistance is near the USD 35,000 level. The main resistance is still near the USD 36,200 inflection zone.
Ethereum Price
Ethereum (ETH) failed to stay above the USD 1,100 level and started a fresh decline. ETH even traded under USD 1,050, and it could soon retest the USD 1,000 support. The next key support is near the USD 965 level, under which it could decline towards the USD 920 support.
To start the recovery wave afresh, ETH must surpass USD 1,080 and USD 1,100. The key breakout is still near the USD 1,150 level, above which ether might start a strong surge.
Bitcoin Cash, Litecoin, and Ripple Price
Bitcoin Cash (BCH) is showing bearish signs under the USD 500 pivot level. BCH is trading near the USD 465 support. The first key support is near the USD 450 level. A close under USD 450 may accelerate losses, and BCH might even test the USD 400 level in the near term.
Litecoin (LTC) is now trading well under the USD 145 resistance. LTC is testing the USD 130 level, with key support at USD 128. Any more losses could lead LTC towards the USD 118 support level. Conversely, LTC could start a steady increase if it clears the USD 138 and USD 145 resistance levels.
Ripple (XRP) failed to stay above the USD 0.300 pivot level and declined under USD 0.290. If it continues to move down, the bears might test the USD 0.265 support. The main support is still near USD 0.255, under which XRP might decline heavily. The next stop could be USD 0.212.
Other Alts Market Today
Several altcoins gained over 2%, including NANO, DOT, SOLO, MANA, WAVES, and ZEC. On the contrary, ICX, DCR, XVG, NEO, RSR, and MRK are down more than 9%.
Generally, bitcoin is struggling to settle above USD 35,000. If BTC remains below USD 35,000 for a long time, there is a risk of a drop towards the USD 31,200 and USD 30,000 levels.
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