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Crypto Market Today: Bitcoin Trying to Hold Above $20.000 and Ethereum $1.020

Crypto Technical Analysis: BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA
Crypto Technical Analysis: BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA
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Bitcoin price rallied above the $21.500 resistance zone yesterday and today is correcting lower. It is currently trading near $20.300 and is down -6% in one day and -9.6% in one week. Likewise, most of the major altcoins are down today.

In this article, we will discuss:

Bitcoin price

With Bitcoin’s recent close above the $20.500 resistance. The next major resistance could be at $20.800. The second resistance is near the $22.200 price zone in the short term. The main resistance is now at $23.000 where the bears can get in on the action.

On the downside, an initial support is near the $20.000 level. The next major support is near the $19.500 zone, below which the price could drop further.

Ethereum Price

O ethereum price yesterday it was able to rally above the $1.100 level and break above the $1.150 level before correcting now downwards. Bulls need to take ETH above the $1.150 level so the price can accelerate further. The next resistance is near the $1.200 level, above which the price can move up to the $1.250 level.

On the downside, the bears could see the price drop near $1.020. The next major support is near the $1.000 level, below which the bears can build up selling pressure.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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