- Bitcoin price dropped by 3 percent and test USD 45,000.
- Ethereum has dropped 5%. XRP is trying to keep over USD 0.80.
- DOGE increased by almost 7 percent and cleared the USD 0.160 threshold.
Bitcoin price was unable to hold over that USD 47,000 pivot mark. BTC began a new slide and was trading under the USD 46,000 resistance. The price is at (04:07 UTC) down three percent, and is trading close to USD 45,200.
Additionally, many major altcoins are showing negative signs. Ethereum is down by more than 5percent and has a slight movement under the USD 3,350 resistance. XRP may gain momentum in the bear market if it breaks its dollar’s 0.80 support. ADA is down 6% as well as there has been a break to below USD 1.15.
Price of Bitcoin
After struggling to break the USD 47,200 threshold, the bitcoin price began a new downward slide. BTC dropped to below the USD 46,000 threshold and reached the USD 45,000 support threshold. The next important support level is around USD 44,450, and below that, the price could extend its decline. In this instance, the bears may be able to test the USD 43,200 resistance.
On the other hand, the initial resistance is near the USD 45,500 threshold. The next important resistance is located near the USD 46,200 mark, and above that, the price might begin an upward trend.
Ethereum value was close to the USD 3,550 mark and fell by more than 5 percent, breaking through the USD 3,350 level of support. The price has even been able to test USD 3,275. The price is currently settling above USD 3,300. If there’s a new decrease, it could be able to reach USD 3,250. The next significant support level is around the USD 3,200 threshold.
On the other hand, it could not hold close to USD 3,380. The next major resistance could be at the USD 3,420 threshold, and above that, the price could increase to USD 3,500.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) fell sharply following an opening below USD 1.18 resistance. It’s now down 6%, trading towards USD 1.15. The next major support will be close to that USD 1.12 mark.
BNB has been trimming gains and is trading below USD 442. If bears continue to be in the game, the price could be able to reach the USD 432 level of support. A further increase could push the price to the USD 432 level.
Solana (SOL) is down more than 7 percent, and bears have taken the price under that USD 120 support. The next support point is close to the USD 120 mark. If there are further downsides, then the price could reach USD 112.
DOGE remains in a positive area over the USD 0.155 mark. The price is up nearly 7 percent, and the bulls have pushed DOGE to USD 0.160. If they stay in the game, this price could reach USD 0.165.
The price of XRP is trying to keep within that price of USD 0.80 support. If there’s a downside break, and the price closes below USD 0.80, the price may fall to USD 0.75.
The market for altcoins is also booming.
Many altcoins are falling over five percent, including AVAX, DOT, MATIC, NEAR, ATOM, WAVES, LINK, UNI, TRX, BCH, FTT, ETC, XLM, and VET. Of the above, WAVES is down by 13% and trading below USD 30, while CELO decreased 11% to 4.27.
In the overall picture, the bitcoin price is near the major support of USD 45,000. If BTC falls below the USD 45,000 mark, there’s the possibility of further downsides.