Bitcoin price has failed to hold positive territory above the $ 45,500 support. BTC is slowly falling and is currently (11:45 UTC) struggling to stay above $ 45,000. If it extends its decline below $ 45,000 and $ 44,500, it could see a sharp decline toward $ 42,000.
In a similar way, most of the big altcoins move down as well. ETH struggles to stay above $ 3,000 and could even drop below $ 2,950. XRP is down 10% and is nearing the USD 1.05 support. ADA and BNB are also gaining downward momentum.
Total market capitalization
After breaking down below $ 46,500, Bitcoin price prolonged its decline. BTC is now struggling to stay above the USD 45,000 and USD 44,500 support levels. On a downside break below $ 44,500, the price can potentially drop towards $ 43,200. After that, the next big support is near the USD 42,000 mark.
On the flip side, initial resistance is near the $ 45,700 level. The first major resistance is now forming near the $ 46,500 level, above which the price could rise to above $ 47,000.
The Ethereum price has leveled off below the support of $ 3,110. ETH is struggling to stay above $ 3,000 and it could move further down. The next big support is near $ 2,950 below which the price could accelerate towards $ 2,800.
An immediate hurdle to the top is near the $ 3,080 level. The next major breakout resistance is now forming near the $ 3,110 mark.
ADA, LTC, DOGE and XRP prices
Cardano (ADA) is down over 6% to break the $ 2.00 support level. Immediate support is near the $ 1.95 level below which the bulls may struggle. In this case, the price could steadily decline towards the USD 1.80 support zone.
Litecoin (LTC) is down 10% and has broken the USD 170 support zone. The price is nearing the USD 165 support. A break below USD 165 could set the pace for a larger decline. The next big support is at $ 155. Conversely, the price could rebound towards the USD 175 level.
Dogecoin (DOGE) is down over 12% and has broken the USD 0.300 support zone. Price is now struggling to stay above $ 0.280. The next big support is near the $ 0.265 level where the bulls may appear. On the downside, the previous support at USD 0.300 could act as resistance.
The XRP price is down 10% and was trading below the USD 1.10 support. The price is approaching the USD 1.05 support zone. If there is a downside break below the USD 1.00 support, XRP could accelerate downward. The next major support is near the $ 0.90 level.
Different Altcoins Market Today
Many altcoins are down over 10%, including AUDIO, RUNE, LINK, GRT, FTM, COMP, AAVE, THETA, UNI, SUSHI, EOS, XEM, MATIC, SC and VET. Of this, LINK and RUNE fell by 15%.
To sum up, Bitcoin price is down 5% and it’s hard to stay above the USD 44,500 support zone. If BTC continues to move down, the price could even hit $ 42,000.
Find the best price to buy / sell cryptocurrency: