- Bitcoin prices are falling and could reach USD 30,000.
- Ethereum could break USD 1,800. XRP trades well below USD 0.600.
- ADA fell by 18% while NEO and SOL were down more than 26%.
The USD 33,500 resistance level is holding the Bitcoin price back. BTC is currently trading at USD 32,000 and moving lower (11:45 UTC). In the short term, it seems that the bears will be aiming at USD 30,000.
Similar to ETH, major altcoins are showing bearish momentum. ETH has fallen 5% and may soon breach the USD 1,800 support area. The USD 0.500 support zone might be tested by XRP/USD, which is also in decline.
Bitcoin price below the USD 33.500 resistance zone did not recover. BTC is falling and broke the USD 32,000 resistance. The bears will continue to be active, and there is a possibility of a fall towards the USD 32,000 support. In the short term, any further losses could force a test for the USD 28,000 support.
The USD 32,400 level is the initial resistance. The USD 33,500 level is the first major resistance.
(Learn More: Death Cross Appears on Bitcoin Charts. But It May Not Mean Anything at All)
Ethereum price is struggling to move beyond the USD 2,000 mark. ETH has resumed its fall and broke the USD 1,920 resistance. The bears seem to be aiming for a break below USD 1,800. Near the USD 1,680 level is the next support.
The USD 1,950 level is the first hurdle to the upside. The USD 2,000 level is the main resistance.
BNB, LTC and DOGE prices.
Binance Coin is facing an increase of selling pressure below USD 300. BNB is in decline and could fall below the USD 250 mark. The bears could target the USD 220 support area in the above scenario. The upside is that the price may face sellers close to USD 280.
Litecoin is falling and is currently approaching the USD 112 support. The USD 100 level could be a strong support if LTC continues to fall. The upside is that the price could face sellers at the USD 125 or USD 128 levels.
Dogecoin settled under the USD 0.200 support area. The USD 0.180 level is where the price is currently consolidating. It could fall towards USD 0.165. Near the USD 0.150 level is the next major support for bulls.
XRP price settled below the USD 0.600 level. It broke even the USD 0.580 mark and is now close to USD 0.550. USD 0.520 could provide the next major support for bulls. A recovery wave could face obstacles near the USD 0.600 or USD 0.620 levels.
Altcoins are also available today
NEO, SOL and HNT were all among the altcoins that dropped more than 15%. RUNE has fallen almost 30%, and traded below USD 4.9.
Bitcoin price is falling and could test USD 30,000. BTC could move towards USD 28,000 if it suffers more losses.