Price of bitcoin is having difficulty staying above USD 21,200

Price of bitcoin is having difficulty staying above USD 21,200

Ethereum falls below USD 1.1K, Bitcoin approaches USD 20K, WAVES rallies, and CEL drops. Ethereum failed to maintain its price above USD 1,100, while XRP is consolidating toward USD 0.32. The best performer is WAVES, while the worst performer is CEL. The price of bitcoin was able to rise above the USD 21,200 resistance level,

Ethereum falls below USD 1.1K, Bitcoin approaches USD 20K, WAVES rallies, and CEL drops.

Ethereum failed to maintain its price above USD 1,100, while XRP is consolidating toward USD 0.32.

The best performer is WAVES, while the worst performer is CEL.

The price of bitcoin was able to rise above the USD 21,200 resistance level, but it was unable to hold the positive territory and fell below USD 21,000 after that. It is trading over USD 20,300 as of right now (04:04 UTC), however there is a possibility of a downside break. BTC has decreased by more than 1% in just one day and by nearly 9% in just one week.

Similar to how most significant altcoins failed to maintain a positive trend. ETH struggled to rise above $1,150 and fell below $1,100. XRP is still settling around USD 0.320. ADA gave up some of its gains and traded below USD 0.480.

Bitcoin

The price of bitcoin was able to move above the USD 21,200 resistance after a sustained rise. BTC even cleared the USD 21,500 mark, but the uptrend stalled. When the bears intervened, the price fell again below USD 21,200. A preliminary support for the downside is located close to the USD 20,000 mark. Near the USD 19,500 region is the next significant support, below which the price may begin a steeper slide.

The USD 21,000 range is an early barrier on the plus side. The price could develop bullish momentum in the short term if it crosses the important barrier now located between USD 21,200 and USD 21,500.

Ethereum

The price of Ethereum also tried to break upward over the USD 1,150 resistance area. When ETH reached USD 1,200, the bears started to show their faces. Gains were cut back and the price traded under $1,100.

At USD 1,050, there is an instant support for the downside. Near USD 1,000 is the next significant support, below which the price may start to slide once further. ETH has decreased by roughly 4% in only one day and 10% in just one week.

The price is meeting resistance near the USD 1,150 level on the upswing. Near USD 1,200, which is where the next significant barrier is located, a larger surge in the price may begin.

Price of ADA, SOL, BNB, DOGE, and XRP

The resistance at USD 0.50 was breached by Cardano (ADA). It fell below USD 0.48 and was unable to hold above USD 0.50. Currently, the price is settling above the USD 0.45 support.

BNB tried to move in the direction of the USD 230 resistance but had trouble. The price is currently trading below the USD 220 mark, with the USD 212 mark serving as a crucial support.

Over the USD 35 resistance, Solana (SOL) picked up speed.  It even cleared the USD 38 level and tested the USD 40 zone. The price is already consolidating gains near USD 35 and may drop further.

DOGE surged through the USD 0.0620 resistance. Before the bears materialized close to USD 0.070, the price even soared above USD 0.065. Gains were corrected, and the support level of USD 0.062 was tested.

The price of XRP is still consolidated close to the USD 0.32 region. The price must in the near future break through the USD 0.335 and USD 0.350 resistance levels in order to begin a new ascent.

Today’s market for alternative cryptocurrencies

A few alternative coins, including SNX, UNI, LEO, XCN, ZIL, and SHIB, are up more than 5%. WAVES, which boosted its weekly gains to 43 percent and increased its price by 46 percent, is the top performer among the top 100 cryptoassets today. After a significant surge this week, CEL, however, plunged 16% in a single day, cutting its weekly gains to 42%.

Overall, the price of bitcoin fought to remain over USD 21,200. To prevent a new bearish wave, BTC needs to maintain a price above the USD 20,000 support area.

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