This past week, bitcoin failed to gain momentum above the USD 9,900 and USD 10,000 levels. As a result, there was a fresh bearish wave below the USD 9,550support BTC broke numerous supports near USD 9,200 and just recently settled below the USD 9,000 support.
Likewise, there were bearish moves in numerous significant altcoins, consisting of ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is currently (09: 00 UTC) struggling to remain above USD 200 and it might dive towards USD 195 or USD192 XRP declined towards the USD 0.190 support area and it is currently combining losses.
Total market capitalization
After several failures, bitcoin price began a fresh decline below USD 9,550 BTC even broke the USD 9,000 support and checked the USD 8,650 level. The price is currently combining losses and facing difficulties near USD 9,000 The next key resistance is near the USD 9,200 level, however the main weekly resistance is near the USD 9,550 level.
On the disadvantage, the price might discover support near USD 8,650 and USD 8,550, below which there are possibilities of more losses in the near term.
Ethereum price also followed a bearish path and increased towards the USD 198 level. ETH is currently recuperating and trading above USD200 A preliminary resistance is near the USD 205 level. The key difficulty for a continual upward move is near USD 210, above which the price may rise towards USD 220.
On the disadvantage, the USD 198 level is a preliminarysupport The price might review the USD 192 weekly support zone if there is a bearish break below USD 198.
Bitcoin cash, litecoin and XRP price
Bitcoin cash price stayed well below the USD 245 and USD 250 resistance levels. BCH/USD is currently combining losses above USD 230 and it appears like the price may continue to move lower. The main support is near the USD 220 level, below which there are possibilities of more losses. On the benefit, the bulls need to clear the USD 240 and USD 245 resistance levels.
Litecoin handled to remain above the USD 42.20 support level. On the benefit, the USD 44.50 and USD 45.00 levels are essential. An effective close above USD 45.00 is required for a continual upwardmove , if there is a bearish break below the USD 42..20 support, the bears may intend a break below the USD 40.00 support.
XRP price settled below the USD 0.200 support level and it just recently declined towards the USD 0.190support There are possibilities of a test of USD 0 if there are more losses.182 On the benefit, the USD 0.200 and USD 0.202 levels are most likely to function as key barriers in the near term.
Other altcoins market today
In the past 3 sessions, a couple of small- capitalization altcoins acquired more than 5%, consisting of TFUEL, THETA, STX, SC, ZIL, and IOST. On the other hand, DX, NMR, CKB, ABBC, DGB, HIVE, UBT, STEEM, MATIC, QTUM, and HC are down more than 5%.
In General, bitcoin price is now trading in a bearish zone below USD 9,000 and USD 9,200 To start a fresh boost, it needs to rise above USD 9,200 and USD 9,500 If not, there might be more drawbacks towards the USD 8,500 and USD 8,200 levels.