Bitcoin and Ethereum correct gains
Bitcoin’s price began to fall again after failing to settle above the USD 23,000 mark. BTC retraced its gains and traded below the USD 22,000 mark. It is currently (04:09 UTC) trading near USD 21,900, down more than 2% daily but still up 5% weekly.
Similarly, the majority of major altcoins have plummeted. ETH reached a high near USD 1,665 before falling below USD 1,550. XRP was trading below the USD 0.35 support level. ADA is also trading under the USD 0.50 mark.
Following a new surge, the bitcoin price encountered sellers near the USD 23,000 mark. BTC failed to prolong its gains and began a new slide below USD 22,000. On the downside, an initial support level is near USD 21,650. The next key support level is near USD 21,500, below which the price may accelerate lower.
On the upside, immediate resistance is located near USD 22,500. The next significant resistance level might be USD 23,000, above which the price could begin to rise.
The price of Ethereum increased above USD 1,600 and surged above USD 1,650. However, there was no upward movement, and the price fell below the USD 1,550 support, falling nearly 3% daily and rising 13% weekly. The price may retest the USD 1,450 support zone if it falls below the next significant support near USD 1,500.
Other altcoins market today
Many altcoins, including DOT, MATIC, AVAX, SHIB, TRX, ETC, NEAR, ATOM, APE, FLOW, and MANA, are showing bearish indicators. DOT could go below the USD 7 support level.
The bitcoin price is falling and is now trading below USD 22,000 per coin. If BTC falls below the USD 21,500 support level, it may drop to the USD 20,500 support level.
Cardano (ADA) failed to maintain its price above USD 0.52. It is falling and trading below USD 0.50. If there are further losses, the price might go to USD 0.465.
BNB is getting close to the USD 250 support level. If the price breaks below the USD 250 support, it may fall more aggressively towards the USD 235 barrier.
Solana (SOL) fell and fell below the USD 40 support level. SOL has dropped 4% in a single day and is approaching the USD 38 level. If more losses occur, the price could fall to USD 35.
