This week, the price of Bitcoins began to fall slowly and steadily against the $ 10,500 resistance zone. BTC / USD is currently trading (08:00 UTC) below support levels of $ 10,250 and $ 10,200. Current price action suggests that there are likely to be other drawbacks at future meetings. Likewise, most large old coins are trading at a declining angle and may drop, including Ethereum, Ripple, Bitcoin Cash, EOS, Tron, Cardano, Stellar and Binance Coin. ETH / USD could break support at $ 180 and XRP / USD should retest the main support zone at $ 0.250.
Total market capitalization
In the last few hours, the price of bitcoin has dropped to less than $ 10,200. BTC / USD has even tested the support of $ 10,000 and is currently correcting more. On the other hand, the initial resistance is close to the $ 10,200 level, followed by $ 10,300. However, the main resistance to a sharp rise is close to the level of 10,500 USD.
On the other hand, the $ 10,000 mark holds the key. If the support was reduced to $ 10,000, the price could fall further to $ 9,800 and $ 9,650.
The price of Ethereum is trading below support levels between 190 USD and 192 USD. ETH / USD remains threatened by further losses below a key support of US $ 180. If a downtrend is successful, the price should test the next support at $ 172.
In addition, the levels of 190 USD and 192 USD are essential resistances. However, with an upward correction, the price could continue to hit a strong selling interest close to the $ 195 and $ 200 levels.
Bitcoin Cash, Eos and Ripple Prize
The Bitcoin spot price continues to trade above the $ 305 support level. Falling below support levels of $ 305 and $ 300 could extend the decline to the $ 280 level. In addition, there are many obstacles for bulls close to the levels of $ 315 and $ 320.
EOS is struggling to stay above the $ 3,500 support limit. If the price drops below 0.350 USD, it could rise to USD3,350. In addition, the main resistances are close to the values of USD 0.362 and USD 0.365.
The consolidated ripple price exceeds support levels of $ 0.262 and $ 0.260. If the cops fail to defend the $ 0.260 support, the price could continue to fall to the $ 0.250 support level. Conversely, a closing price higher than $ 0.280 could ease the current downward pressure.
Other markets Altcoins today
Over the last three sessions, many small cap altcoins have lost more than 5%, including WAN, NEX, RVN, GRIN, ARDR, KMD, VSYS, LAMB, AOA and ICX. WAN has dropped about 20% and NEX by almost 9%.
Globally, bitcoin is likely to fall below support levels of $ 10,000 and $ 9,650. The next stop could be USD 9,500 or 9,200 USD. Conversely, a short-term recovery will require a break of over $ 10,500.
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