- Bitcoin price is hovering around $ 63,500.
- Ethereum is still above $ 4,100 with XRP struggling to stay above $ 1.10.
- RUNE and OKB have increased by over 17%.
Bitcoin price began a downward correction from the USD 67,000 zone. BTC corrected down below USD 65,000 and USD 63,500 before going back up. It is currently trading above $ 63,500 (11:51 UTC) but there is a risk of a downside correction.
Plus, most of the big altcoins also correct lower. ETH is down over $ 200 but is still above $ 4,000. XRP could struggle to stay above $ 1.08 and $ 1.05. ADA could revisit the USD 2.12 support zone.
Total market capitalization
After a bearish reaction, Bitcoin price was unable to stay above the USD 64,200 support. BTC has even traded below $ 63,500 and is now trying to bounce back. On the flip side, immediate support is near $ 62,500. The next major support is at $ 62,000, below which there is a risk of falling towards the $ 60,000 support.
On the downside, the price is encountering resistance near the $ 64,200 mark. The next major resistance is at $ 65,000, above which the price could begin a steady rise towards $ 66,500.
Ethereum price also began a downward correction below $ 4,250. ETH traded below USD 4,150 and is now approaching the USD 4,080 support. The main roadside assistance is now forming near the $ 4,020 and $ 4,000 levels.
On the downside, the price is encountering resistance near the $ 4,220 mark. The main breakout resistance is at USD 4,300, above which the price could target a new all-time high in the short term.
ADA, LTC, DOGE and XRP prices
Cardano (ADA) is bearish trading near the USD 2.20 support level. Initial support is near the USD 2.15 level. The next big support is $ 2.12, below which the price could drop to the $ 2.05 level in the coming sessions.
Litecoin (LTC) failed to stay above the USD 202 and USD 200 support levels. It is bearish and could hit the USD 192 support level. On the downside, the $ 205 level is a short-term hurdle ahead of the main resistance level of $ 212.
Dogecoin (DOGE) is showing some bearish signs below $ 0.250. Initial support is near $ 0.240, but it appears the price may test $ 0.232. The next big support is $ 0.220 below which the price could move towards $ 0.200. On the flip side, the bears could potentially surface near the $ 0.255 level.
XRP price is struggling to stay above the $ 1.10 level. Immediate support is at $ 1.08, followed by $ 1.05. Unless the price stays above the $ 1.05 level, there could be a move towards the $ 1.00 level in the near future.
Different Altcoins Market Today
Some altcoins are up over 5% including RUNE, OKB, LEO, SOL, LUNA, EGLD and SRM. Of these, RUNE is still up over 20% and is trading above the $ 10 level.
In summary, the Bitcoin price will be corrected below USD 64,000. However, BTC could find strong buying interest near $ 62,200 or $ 60,500 in the upcoming sessions.
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