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This is a fight to recover!
#ChillNews
Bitcoin's price is in trouble and could increase your losses unless you recoup the USD 39,000. Ethereum is facing resistance below USD 2,400, XRP is consolidating above USD 0.820. HBAR, XDC and TFUEL increased by 6% -14%.
Bitcoin's price failed to stay stable and extended its drop below USD 38,000. The bulls are protecting the USD 37,200 zone, but there is a risk of further declines. BTC is currently (15:16 UTC) trading below USD 38,000 and facing resistance near USD 38,500.
Furthermore, most major altcoins are faced with an uphill task. ETH tested USD 2,300 support and is consolidating losses. XRP / USD is now trading below the USD 0.850 pivot level.
Bitcoin News:
After a break below USD 38,500, bitcoin's price extended its decline. BTC even traded below USD 38,000 before the bulls appeared above USD 37,000. The price is catching up with losses, with immediate resistance near the USD 38,500 level. The first major resistance is near the USD 38,800 and USD 39,000 levels. The main resistance is found at USD 40,000.
If the price fails to correct above USD 38,500 or USD 39,000, there is a risk of further declines. A sustained move under USD 37,200 could carry the price to USD 36,500.
ETH News: Ethereum's price followed a similar path and settled well below USD 2,400. ETH tested the USD 2,300 level and is consolidating losses. An initial resistance is near the USD 2.375 level. Key resistance is forming near USD 2,400, followed by USD 2,450.
On the downside, the USD 2,300 level is an important support. A daily close below USD 2,300 could trigger a sharp decline towards the USD 2,150 level.
BNB, LTC, DOGE and XRP News:
Binance Coin (BNB) is locked in a range above the USD 350 support. If there is a break down below USD 350, the price could revisit the USD 335 level. On the upside, the price is facing resistance near USD 365, above which it could test USD 380.
Litecoin (LTC) is consolidating near the USD 165 support. If the bulls fail to strengthen, the price could plummet towards the USD 150 support. Conversely, the price could exceed USD 172. The main resistance to the upside is near the USD 180 level.
Dogecoin (DOGE) is facing increased selling pressure below USD 0.320. It is struggling to stay above the USD 0.300 support zone, below which there is a risk of a sharp decline. Conversely, the price could recover above USD 0.320 and revisit USD 0.335 in the near term.
The price of XRP is moving lower towards the USD 0.820 support. Any further losses could drive the price towards the $ 0.780 level. If not, the price could start a new rise above USD 0.850. The key resistance is found at USD 0.880, followed by USD 0.900.
Other altcoin markets today News:
Many altcoins fell by more than 5%, including AMP, QNT, RUNE, KSM, KLAY, DOT, SUSHI, ENJ, SNX, GRT, DGB, LINK, AAVE, ICP, and BAT. In contrast, TFUEL, XDC, AR and HBAR increased by more than 5%.
To sum it up, the price of bitcoin is trying to recover from USD 37,200. However, BTC must exceed USD 39,000 to avoid further losses in the coming sessions.
