Bitcoin (BTC) price has remained well above the $40.000 level. BTC started a fresh recovery and surged above $42.000. However, the price is currently (11:55 UTC) struggling to gain momentum for a move above the $43.000 resistance.
Also, most major altcoins trade in the red zone. ETH is bouncing back higher but is facing major resistance near $3.000. XRP traded above $0,920 but it may struggle to rise above $0,950 or $0,965. ADA is consolidating near the $2,10 level.
In this article, we will discuss:
Bitcoin price
After forming a base above $40.000, the bitcoin price started a new wave of recovery. BTC corrected above $41.500 and $42.000. However, the price is struggling to rise above the $42.500 level. The next major resistance is at $43.000. A close above this level could set the pace for a steady rise in the near term.
Bitcoin Chart
On the downside, an initial support is near the $41.500 level. The next major support is at $41.200, below which the price could drop towards the key support at $40.000.
Ethereum Price
O ethereum price has rebounded above the $2.800 and $2.850 resistance levels. ETH has even surged above $2.900 but lacks momentum. The main resistance is near the $3.000 level, above which the price could pick up bullish momentum.
On the other hand, the price could start a fresh dip below $2.800. The next major support is now forming near the $2.650 level.
ADA, LTC, DOGE and XRP price
Cardano (ADA) it soared to $1,90 before correcting higher. It bounced back above $2,00 and $2,05. To continue higher, the price must settle above the $2,12 level. The main breakout zone is forming near the $2,20 level.
Litecoin (LTC) is trying to rebound above $152. An immediate resistance is near $155. A close above the $155 level could open the doors for a move towards the $162 level. it could start a fresh decline towards the $140 level.
Dogecoin (DOGE) it is rising and trading above $0,205. The first key resistance is at $0,212. If there is a clear break above $0,212, the price can start to move up towards the $0,220 level. On the downside, the bulls can remain active near $0,200.
O XRP price found support above USD 0,850 and rebounded above USD 0,900. The price is rising towards the $0,950 resistance. If there is a clear break above $0,950 and $0,965, the bulls might attempt a move above the $1,00 resistance. Below, the $0,880 level is a key support.
Other altcoins trade today
Many altcoins are down more than 8%, including CELO, OMG, ONE, AUDIO, NEAR, XTZ, SUSHI, KSM, ATOM, FTM, QNT, MINA and SOL. Of these, CELO is down nearly 18% and is trading below $6,00. Meanwhile, AXS and DESO rose by 7% and 25% respectively.
In short, the bitcoin price it is struggling to overcome the $43.000 resistance. If BTC continues to struggle, there is a risk of a further drop towards the $40.000 level in the coming sessions.
