Bitcoin attempted a price recovery above the $49.000 level. However, the largest cryptocurrency by market capitalization failed to break the $50.000 resistance zone and began a further decline to nearly $47.000. Currently (13:43 UTC) it is still trying to recover and rise above $48.300 again.
Following Bitcoin's slump, most major cryptocurrencies are also trying to recoup losses. ETH is back above $4.000 while XRP is trying to move above the $0,80 level again. After testing $1,26, ADA Cardano is now above $1,30.
In this article, we will discuss:
Bitcoin price
The bulls struggled to take Bitcoin above $50.000, however the selling force started to bring the price down. bitcoin price again. BTC traded below the $48.000 and $48.500 support levels. An immediate support was near the $47.000 level, however, the price rose sharply and is now trading near the $48.300 level.
On the upside, the price is facing resistance near the US 48.500 level. The first major resistance is near the $49.200 level, above which the price may revisit the $50.000 barrier.
Ethereum Price
The bulls tried to take the ethereum price above $4.250 resistance where they encountered many sell orders causing ETH to start a new decline. The second largest cryptocurrency by market cap broke the $4.000 support and advanced to the $3.880 level, before bouncing back above the $4.000 level.
The first key resistance is now forming near the $4.120 level.
ADA, BNB, SOL, SHIB and XRP price
Cardano (ADA) attempts a new high above the $1,30 level. The price still drops 5% in one day. If the ADA goes down again, the next big support is near $1,22, below which it could test the $1,20 level.
Binance (BNB) it fell over 3% and traded below the $550 support but managed to return above this level. If the selling force remains predominant, the price could drop to the $520 level. The next big support is near $500.
Left (LEFT) it fell 6% and there was a sharp move below the $185 support. The price once traded below $180, but is now trying to get to $185 again.
O shib it fell nearly 8% and traded below the $0,0000335 level before moving above the $0,0000345 level. Immediate support is near the $0,000032 level. If there is a downside break below the $0,000032 level, the price may test the $0,000030 level.
The price of XRP cryptocurrency fell below the $0,80 level. The price was approaching the $0,745 support, but is now trying to reach $0,80 again.
In short, the bitcoin price it is holding below the $49.000 level. If there are further losses, BTC could revisit the $45.000 support zone.
