Bitcoin price was able to stay above the USD 47,200 support zone. BTC climbed higher but there was no continuation of the bullish move above $ 49,500. Price started another range drop and is currently (04:28 UTC) trading below the USD 48,500 support zone.
Likewise, most of the major altcoins are traded in a range. ETH faces major resistance near $ 3,250, but it’s well above $ 3,050. XRP is stuck between the $ 1.10 and $ 1.20 levels. ADA remains elevated and could attempt a new test of USD 3.00.
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After failing near $ 49,500, Bitcoin price began a downward correction. BTC traded below the USD 48,500 and USD 48,200 support levels. The next major support is near the $ 47,500 mark. Other drawbacks could potentially open the doors to move towards $ 46,200.
On the flip side, immediate resistance is near the $ 48,500 mark. The first major resistance is near the $ 49,200 mark, followed by $ 49,500. The main weekly resistance is at $ 50,000, above which the price could steadily rise.
Ethereum price also made a short-term high near the $ 3,250 level and corrected downward. ETH was trading below the USD 3,200 support level. It is moving down towards the USD 3,120 and USD 3,110 support levels. The top roadside assistance this week could be at $ 3,050 or $ 3,000.
If it rises again, there will be immediate resistance near the USD 3,200 mark. The key resistance is now forming near the USD 3,250 mark.
ADA, LTC, DOGE and XRP prices
Cardano (ADA) holds gains above the USD 2.65 support level. On the flip side, the first major hurdle for the bulls is near the $ 2.88 level. The main hurdle could be at $ 3.00, above which the bulls could potentially target $ 3.25. Conversely, a break below $ 2.65 could require a test of $ 2.50.
Litecoin (LTC) is consolidating above the USD 165 support. LTC is back above $ 170 with an initial resistance at $ 175. The next major resistance is at $ 180, above which the price could cross $ 188. If the bears push the price down, the bulls could appear near $ 155.
Dogecoin (DOGE) found support near USD 0.250 and started rising again. The bulls pushed the price above $ 0.280. It seems like the price may soon test the $ 0.300 resistance. Further gains could take DOGE towards the $ 0.325 level.
The XRP price has settled below the USD 1.20 support level. It even tested the USD 1.05 support before rebounding to the upside. The price is back above $ 1.10 but needs to break through $ 1.18 and $ 1.20 to get into a positive zone.
Different Altcoins Market Today
Some altcoins are up over 5% including SAND, REV, FTM, FLOW, MANA, ENJ, ICP, CHZ, SOL, BSV, ZEN and PERP. Of these, FTM rose 44%, beating the USD 0.71 level.
Overall, Bitcoin price trades in a range below the USD 49,000 and USD 50,000 resistance levels. If BTC doesn’t stay above $ 46,200, it could see a bigger drop.
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