Bitcoin, Ethereum, and Altcoins Gaining Downtime

Bitcoin price is showing signs of decline and struggling to stay above $ 31,200. Ethereum dropped 10% and traded below $ 1,300, XRP / USD could test the 0.250 USD support. XEM, CHSB and SOL increased 5% -10%.

Bitcoin price attempted to recover above $ 32,500 but failed to gain momentum. BTC started a new decline and $ 32,000 traded below the support level. It is currently trading (16:00) below $ 32,000 USD and may drop towards 30,500 USD. Similarly, most of the major altcoins are showing signs of decline. ETH / USD is struggling to stay above $ 1,250 and could see again at 1,200 USD. XRP / USD is giving bearish signs and could test the 0.250 USD.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After a short-term recovery above 32,000 USD, bitcoin price faced many hurdles. BTC started a new decline and settled below 32,000 USD. USD 31,000 is approaching the support level, below that it could test USD 30,500. The next support on the downside is near the USD 30,000 level.
If there is a new high, the bulls could face resistance near $ 32,400. The first major resistance is currently near $ 33,000, above which $ 33,500 could prevent the rise.

Ethereum price

Ethereum price traded in a band above the USD 1,300 support zone. ETH recovered above 1,340 USD but had no upward momentum. The price is now showing signs of bearishness and it looks like the bears could aim to test the $ 1.220 level in the short term. On the other hand, ether price may rise above 1,320 USD and 1,335 USD. The next major resistance is at 1.385 USD, above which the bulls could move towards the 1.450 USD level.

Bitcoin cash, litecoin ve XRP fiyatı

Bitcoin cash price consolidates near the 425 USD zone. If BCH continues to decline, the 405 USD and 400 USD support levels could hold the losses. On the upside, the closest support is at 440 USD. The main resistance for a stable rise is currently forming near the USD 450 level.
Litecoin (LTC) is down 10% and is approaching the 130 USD level. It seems LTC could increase losses and drop towards the USD 125 support. The next major support is seen near the USD 112 level. On the upside, the price faces resistance near the USD 138 and USD 140 levels. A close above 140 USD is required for a good rise in the upcoming sessions.
XRP price is trading in a bearish zone below the 0.285 USD level. The price is testing the 0.265 USD support and it seems it could test the 0.255 USD support in the near future. More losses can lead to a bigger drop in the short term. On the other hand, a close above the 0.285 USD level is required to test the 0.300 USD.

The market for other altcoins today

Many altcoins dropped by more than 8%, including SUSHI, COMP, CRV, NXM, NEAR, SNX, LRC, ALGO, IOST, MIOTA, OCEAN, GRT, KNC, XVG and UMA. On the other hand, XEM, CHSB, MATIC, CELO, THETA and SOL could get stronger.

In summary, Bitcoin price is showing signs of decline below $ 32,000 USD and $ 32,500 USD. If BTC fails to stay above $ 31,000, it could initiate a sharp decline.

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