Bitcoin price has settled below the USD 45,000 support zone. BTC traded below $ 44,500 and even rose below $ 44,000. It is currently (11:45 UTC) consolidating losses and encountering resistance near $ 45,500.

Likewise, most of the major altcoins are traded in a range. ETH traded below the $ 3,000 support but is still above $ 2,950. XRP is trading above the $ 1.10 level, with a major resistance at $ 1.20. ADA holds gains above the $ 2.00 resistance.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

Bitcoin price recently extended its decline below $ 44,200, but the downside has been limited. BTC is now consolidating above the USD 44,000 support zone. On the flip side, initial resistance is near the USD 45,000 mark. The first major resistance is near the $ 45,500 level, above which the price could rebound towards the $ 46,000 level.

Immediate support on the downside is near the USD 44,000 zone. If there is a close below the $ 44,000 level, the price could extend its decline towards the $ 43,200 level. The next big support is near the USD 42,000 mark.

Ethereum price

Ethereum price fell below the $ 3,000 support. However, the ETH bulls are still protecting the $ 2,950 level. On a downside break below $ 2,950, the price could extend its decline towards $ 2,880. The next big support could be $ 2,750.

On the flip side, initial resistance is near the $ 3,050 mark. The main resistance is now forming near the $ 3,110 level above which price could gain momentum.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) gained traction above the $ 2.10 resistance. It even rose towards $ 2.20 before correcting lower. Immediate support is near the $ 2.08 level. The main roadside assistance is $ 2.00. On the flip side, a close above $ 2.20 could drive the price toward the $ 2.50 level.

Litecoin (LTC) is stuck between the USD 162 support and the USD 170 resistance. The next major resistance is near the USD 172 level, above which the price could move towards the USD 180 level. Conversely, a closing price below $ 165 could potentially push the price down to the $ 155 level.

Dogecoin (DOGE) is struggling to stay above the USD 0.295 and USD 0.300 support levels. With additional losses, the bears could target a test of $ 0.280. The next big support is at $ 0.265. Another move above $ 0.305 could face resistance near the $ 0.312 level.

XRP price is consolidating above the USD 1.08 support level. The next major support is at $ 1.05, followed by $ 1.00. A break below $ 1.00 could accelerate losses. On the flip side, if there is a closing price above the $ 1.20 level, the price is likely to rise.

Different Altcoins Market Today

Many altcoins are up over 10% today, including AVAX, PERP, AUDIO, LUNA, ATOM, VGX, FTM, AR, ICP, ALGO and GRT. Of these, AVAX rebounded 40%, surpassing the $ 30 mark.

To sum up, Bitcoin price is consolidating above the USD 44,000 support. When BTC forms a base above $ 44,000, a steady spike could begin above $ 45,000 and $ 45,500.
_____

Find the best price to buy / sell cryptocurrency:

Price tracker

LEAVE A REPLY

Please enter your comment!
Please enter your name here