Bitcoin Price and Ethereum Bleed, Altcoins Takes Hit
The Bitcoin fee has dropped by more than 6% and is now trading below $19,000.
XRP fell more than 10% and was trading below $1,320.
ETC, EOS, and RVN are down over 15%.
The Bitcoin fee didn't go above the important $19,500 support quarter. BTC is currently down over 6% (03:30 UTC) and trading for less than $19,000.It seems like ether’s rate decline is dragging bitcoin's down and could push it towards $18,000 or $17,800.
Similarly, most primary altcoins are gaining bearish momentum. ETH started a main decline and traded beneath the $1,320 level. XRP is shifting toward a decrease in the direction of the $0.335 aid. ADA would possibly revisit the $0.42 guide area.
Bitcoin price
After a bearish reaction below the $19,500 support, bitcoin price started a major decline. BTC declined over 6% and there was a clear move below the $19,000 level. The price is now moving lower towards the $18,500 support zone. The next major support is near the $18,200 zone, below which the price could even test the $18,000 support zone.
On the upside, the BTC rate is facing resistance near $19,000. The subsequent primary resistance is now close to the $19,350 stage and a connecting bearish trend line on the hourly chart, above which the fee may test the 50-hour easy moving average.
Ethereum exchange rate
The price of Ethereum has struggled to clear the $1,480 and $1,500 resistance levels. ETH declined heavily below the $1,400 level and the 50-hour simple moving average. It even broke the $1,320 level and tested the $1,280 guide. The subsequent principal amount is $1,250, below which charge you may want to revisit $1,200.
On the upside, an immediate resistance is near the $1,325 level. The next major resistance is now forming near the $1,350 level.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) failed to clear the $0.50 resistance zone. It reacted to the downside and traded below $0.450. Any more losses might send the price towards the $0.42 support.
BNB is down over five% and there has been a circulate underneath the $265 support region. The next essential help sits at $250, under which there's a danger of a move in the direction of the $232 stage inside the close to term.
Solana (SOL) is again transferring decrease in the direction of the $30.00 assist. If the bears continue to be in motion, the charge ought to even take a look at the $28.50 degree. Conversely, it would upward thrust and take a look at the $32.50 resistance.
DOGE traded below the important thing $zero.060 help level. It is now down over 7% and the subsequent predominant assist is near the $zero.0550 degree. Any more losses may ship the charge towards the $0.0535 level within the coming sessions.
XRP charge is transferring decrease closer to the $0.335 guide sector. If the bulls fail to shield the $zero.335 aid quarter, there is a chance of a flow toward the $zero.320 level.
Other altcoins market today
Many altcoins are down over 12%, including ETC, EOS, RVN, CRV, CEL, KSM, LDO, WAVES, AR, SNX, NEAR, and FLOW. Conversely, CHZ is up over 5% and showing positive signs above the $0.23 level.
Crypto token presale Tamadoge hit its hard cap today, a bullish sign for the new meme coin.
Overall, the bitcoin price is gaining bearish momentum below the $19,000 level. If BTC slides further, there is a risk of a move towards the $17,800 level in the short-term.
