The price of bitcoin is encountering resistance at USD 20,500 and USD 21,200. XRP is locked near USD 0.32, while Ethereum is struggling near USD 1,150. CEL is now the best-performing coin among the top 100 coins. Bitcoin is facing a critical obstacle at USD 20,500 and USD 21,200 after beginning a recovery wave above
The price of bitcoin is encountering resistance at USD 20,500 and USD 21,200. XRP is locked near USD 0.32, while Ethereum is struggling near USD 1,150. CEL is now the best-performing coin among the top 100 coins. Bitcoin is facing a critical obstacle at USD 20,500 and USD 21,200 after beginning a recovery wave above the USD 20,000 resistance zone. It is currently consolidating at USD 20,500 (04:59 UTC) and is up about 3% in a day but down 9% in a week.
Following a close above USD 20,000, bitcoin’s price began to trade in a range. BTC made an effort to break over the USD 21,000 and USD 21,200 levels on the upside. Bears, on the other hand, remained active near USD 21,200. In the short term, a closing over USD 21,200 might pave the way for a continuous rise.
On the downside, a first level of support can be found near USD 19,500. The next important support is near USD 18,800, below which the price may begin to slide again.
The price of Ethereum has risen above the USD 1,050 mark. The price is encountering resistance between the USD 1,140 and USD 1,150 levels on the upswing. A close above USD 1,150 might signal the start of a continuous rise. The next big resistance level is around USD 1,220, above which the price might increase to USD 1,280. In a single day, ETH has gained 4%, yet has lost 7% in a week.
On the downside, an immediate support is at USD 1,080. The next significant support level is around USD 1,050, below which the price could drop to USD 1,000.
ADA, DOGE, BNB, SOL, and XRP price
Cardano (ADA) surged over the USD 0.48 barrier level. The bulls even tried but failed to break through the USD 0.50 mark. A significant support is building near USD 0.45 on the downside.
BNB broke over the USD 212 resistance level. Near USD 220, the next big resistance is found. If the bulls maintain their momentum, a move towards the USD 235 resistance zone is possible. If not, the price could fall to USD 205.
Solana (SOL) broke over the USD 32 barrier level. It even broke through the USD 35 level, testing USD 36.80. The price is currently consolidating gains near USD 35, with firm support at USD 32. SOL is the greatest performer among the top ten coins, up 9% in a single day.
DOGE was able to break over the USD 0.0580 resistance level. The price has even risen above USD 0.060 and is now consolidating its gains. On the upside, the next major barrier is near USD 0.062.
The price of XRP continues to consolidate above the USD 0.312 resistance level. The price is encountering resistance in the USD 0.328 level, and if it breaks through, it might surge to the USD 0.35 level.
Overall, bitcoin’s price is approaching a major stumbling block near USD 21,200. If BTC fails near USD 21,200, it could fall below USD 20,000 for the first time.