Bitcoin is trading in an essential range under the USD 19,500 resistance. On the other side of the coin, Ethereum is still struggling to clear USD 600, XRP failed to surpass USD 0.620 and trimmed gains. At the same time, SNX and AMPL are showing signs of a new increase.
Bitcoin traded in a tiny range below the USD 19,350 and USD 19,500 resistance levels in the prior three sessions. BTC also remained well supported near USD 18,800 and USD 19,000. Bitcoin is currently (05:00 UTC) showing no bullish break signs and could retest the USD 19,000 support.
Furthermore, there was no breakout in most significant altcoins, including ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash, and ADA. ETH/USD is facing a strong barrier near the USD 600 and USD 602 levels. XRP/USD struggled to clear the USD 0.620 resistance, and it is sliding towards the USD 0.600 support.
Total market capitalization
Source: www.tradingview.com
Bitcoin Price
Recently, Bitcoin tried to gain strength above USD 19,350, but it failed. BTC struggled even to test the USD 19,500 resistance and trimmed gains. BTC is trading under USD 19,350, and it could revisit the USD 19,000 support. The next central support area sits near the USD 18,800 level.
To start a steady increase, Bitcoin must first surpass the USD 19,350 resistance. The primary resistance is still near USD 19,500, above which the bulls might take control.
Ethereum Price
Ethereum is struggling to clear the USD 600 resistance. ETH is slowly moving lower and trading under USD 595. The first critical support is near the USD 585 level, beneath which the ETH may perhaps slide towards the USD 565 support zone.
On the upside, Ether must settle above the USD 600 and USD 602. If it succeeds, the bulls might aim for a strong upward move towards the USD 620 and USD 625 levels in the short-term.
Bitcoin Cash, Litecoin and XRP Price
Bitcoin Cash running lower and approaching the USD 280 support zone. If BCH slides under the USD 280 support, there is a risk of a more considerable decline towards the USD 265 support. Conversely, a new increase towards the USD 292 and USD 295 levels might face resistance. The primary resistance sits at USD 300.
Litecoin (LTC) struggled to clear the critical USD 86.50 resistance and trimmed gains. LTC is now trading well under USD 85.00, and it could revisit the USD 81.20 support. Any further losses could push it towards the USD 80.00 support. To the upside, LTC could gain strength if it clears USD 85.50 and USD 86.50.
XRP failed to clear the USD 0.620 resistance level. There were a minimal bearish reaction and XRP traded under USD 0.610. It is approaching the USD 0.600 support, under which the XRP could decline steadily towards the USD 0.580 and USD 0.575 levels.
Other Altcoins Market Today
A few altcoins started a decent increase in the past few hours, including SNX, AMPL, HT, FIL, OKB, LSK, and UNI. Out of these, SNX gained 5%, and it might test the USD 5.50 resistance zone.
In summary, Bitcoin is yet trapped in a critical range under the USD 19,500 resistance. If BTC remains to struggle, there is a significant risk of a sharp decline under the USD 19,000 and USD 18,500 levels.
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