Bitcoin Keeps Outperforming As Crypto Market Ruled By Bears

  • Bitcoin’s price has fallen below USD 30,000, and may continue to fall.
  • Ethereum trades below USD 1,800. XRP could test USD 0.500 support.
  • The RUNE, QNT and TFUEL are all down more than 15%.

The Bitcoin price continued its slide and broke the USD 30,000 support area. BTC has broken the USD 29,500 mark and there are still potential downsides. It is trading at USD 30,000 as of 12:11 UTC and could continue to fall towards USD 28,000.

Despite the fact that BTC is still one of the top performers, other cryptoassets have dropped more.

Major altcoins trade in a bearish zone. ETH traded at USD 1,700, down nearly 6%. XRP is gaining bearish momentum below USD 0.550 and it could test USD 0.500.

Bitcoin price

After a clear break below USD 31,000, bitcoin price accelerated lower. BTC broke the USD 30,000 support level. The price even reached USD 29200, and is currently consolidating its losses. The price could even reach the USD 28,000 support zone if there are still downsides below USD 29200 and USD 29,000

A USD 30,000 level is the immediate resistance if there is a recovery wave. The USD 30200 level is the first major resistance. Above that, the price could reach USD 31,000.

Ethereum price

Ethereum price accelerated lower below the USD 1,880 support level. ETH traded at USD 1,800, and almost reached USD 1,700. The price could test USD 1,650 support if the bears are still active.
The upside is that the price could face resistance at USD 1,780. The USD 1,800 level is the first major resistance, and the bulls may face many obstacles.

ADA, LTC and DOGE prices

Cardano (ADA) started a steady decline below the USD 1.20 support. ADA broke even the USD 1.10 resistance and tested USD 1.02. The USD 1.10 support is the main support. Below that level, there may be a sell-off. The USD 1.10 level is a good breakout zone.

Litecoin (LTC) is moving lower and it is now trading well below USD 112. The USD 100 level is the main support. A downside break below the USD 100 support could cause the price to test the USD92 level.

Dogecoin (DOGE) gained bearish momentum below USD 0.180 and it even spiked below USD 0.165. The bulls may take a stand at USD 0.150 as the next support. A move towards USD 0.10 could be possible if there are more losses.
XRP price settled below the USD 0.55 level and it even tested the USD 0.52 support. Below which, there could be another drop in the near-term, the key breakdown support is at USD 0.50.

Altcoins are also available today

Altcoins such as QNT, MDX and XEM dropped more than 10%. QNT is the most volatile, with a drop of around 15% and breaking USD 60.

Bitcoin price is currently showing bearish signs, below USD 30,000. BTC could fall towards USD 28,000 if it breaks USD 29200.

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