Bitcoin price failed to continue higher above USD 36,500 and it started a downside correction. BTC traded below the USD 35,500 and USD 35,000 support levels. It is currently (12:12 PM UTC) showing a few bearish signs and is trading around USD 35,000.
Similarly, most major altcoins are moving lower. ETH is trading below USD 2,200 and it could test USD 2,050. XRP/USD failed to stay above USD 0.700 and it is approaching USD 0.650.
Total market capitalization
Bitcoin price
After a failed attempt near USD 36,500, bitcoin price started a downside correction. BTC declined below USD 36,000 and it even moved below the key USD 35,000 support before somewhat recovering. It seems like the price might continue to move down towards the USD 34,000 support. Any more losses could spark a decline towards USD 32,200.
An initial resistance on the upside is near the USD 35,500 zone. The first major resistance is near USD 36,000, above which the price might revisit USD 36,500.
Ethereum price
Ethereum price faced a strong selling interest near USD 2,250. ETH started a downside correction and traded below USD 2,200. It even declined below USD 2,150, before moving higher again. If the bears remain in action, the price might test the USD 2,050 support zone.
On the upside, the USD 2,200 level is a short-term resistance. The main resistance is now forming near the USD 2,250 level.
BNB, LTC, DOGE, and XRP price
Binance Coin (BNB) failed to stay above USD 300 and it started a fresh decline. BNB is testing the USD 292 support and it might continue to move down towards the USD 280 support. On the upside, the price must settle above USD 300 to start a steady increase. The next key resistance is near USD 315, followed by USD 325.
Litecoin (LTC) retreated from the USD 150 resistance. It is trading below USD 142 and it might test USD 135. Any more losses could lead the price towards the USD 125 level in the near term. Conversely, the bulls might aim for a larger increase above the USD 150 level.
Dogecoin (DOGE) is struggling to stay above the USD 0.250 support. If there is a clear downside break, the price could decline towards the 0.220 support. On the upside, the bears might remain active near the USD 0.280 level.
XRP price spiked towards USD 0.735 before starting a downside correction. XRP failed to stay above USD 0.700 and it is now moving lower towards the USD 0.650 support. If there is a fresh increase, the price could face resistance near the USD 0.700 level.
Other altcoins market today
A few altcoins climbed over 5%, including UMA, WAVES, ETC, LUNA, CHSB, BTG, and TEL. UMA is the best performer among the top 100 cryptoassets today. It’s up by 23%, reaching USD 11.2, whil ETC and WAVES are up by around 13%. Conversely, CELO, TFUEL, AAVE, THETA, SHIB, BSV, COMP, MIOTA, KSM, and SNX are down over 5%.
To sum up, bitcoin price fluctuates around USD 35,000. If BTC fails to stay above USD 34,000, it could turn bearish again. Conversely, it could still rise towards USD 36,500 and USD 38,000.
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