• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Bitcoin, Ethereum, and Major Altcoins Extend Losses

June 18, 2021
in Crypto News
Reading Time: 3min read
0 0
A A
0
Bitcoin, Ethereum, and Major Altcoins Extend Losses
0
SHARES
1
VIEWS
ShareShareShareShareShare

Bitcoin price started a fresh decline from well above USD 39,000. BTC broke the USD 38,500 support and it even declined below USD 38,000. It is currently (04:48 UTC) showing bearish signs, with a major resistance near USD 38,500.

Besides, most major altcoins also look bearish. ETH broke the USD 2,350 support and it tested the USD 2,300 level. XRP/USD failed to stay above USD 0.850 and it could test USD 0.820.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After declining from above USD 39,000, bitcoin price gained bearish momentum. BTC broke the USD 38,500 support and it even declined below USD 38,000. The price is now showing a few bearish signs and it seems like the bulls might struggle to protect the USD 37,200 support. Any more losses could set the pace for a move towards USD 36,500.
On the upside, an immediate resistance is near the USD 38,500 level. The main resistance is now forming near USD 39,500.

Ethereum price

Ethereum price failed to continue higher towards the USD 2,500 level. ETH started a fresh decline below USD 2,400 and USD 2,350. The price is now struggling to stay above USD 2,300. A close below USD 2,300 may possibly lead the price towards USD 2,220.
On the upside, an initial resistance is near the USD 2,365 level. The main resistance is now forming near USD 2,400, above which the price might gain bullish momentum.

BNB, LTC, DOGE, and XRP price

Binance Coin (BNB) failed to stay above the USD 365 support level and started a downside correction. BNB is now trading near the USD 350 support. If there is a downside break below USD 350, the price could test the USD 335 level. Conversely, the price could break USD 365 and start a fresh increase.
Litecoin (LTC) struggled to test the USD 180 resistance and corrected lower. LTC is now testing the USD 165 support. If the bears remain in action there is a risk of a drop towards the USD 150 support. On the upside, the price might face sellers near the USD 172 level.
Dogecoin (DOGE) is struggling to stay above the USD 0.300 support zone. If there is a clear break below USD 0.300, the price could slide towards the USD 0.280. The next major support is near USD 0.265. On the other hand, the bulls might attempt a fresh push above the USD 0.320 level.
XRP price failed to stay above the USD 0.850 support and extended its decline. The price is now approaching the USD 0.820 support. If it fails to stay above USD 0.820, the next stop for the bears could be USD 0.780.

Other altcoins market today

Many altcoins declined over 5%, including AMP, RUNE, SHIB, ICP, KSM, ATOM, ONT, KLAY, OMG, SUSHI, ENJ, BTG, and DOT. Conversely, XDC extended its rally above the USD 0.075 level.

Overall, bitcoin price failed to stay above the main USD 38,500 and USD 38,000 support levels. If BTC doesn’t recover quickly, there is a risk of a drop towards the USD 36,500 level.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Bitcoin Trims Gains, What Could Trigger Fresh Drop To $35K

Next Post

How Ethereum Close Below $2.3K Could Spark Larger Degree Decline

Next Post
Ethereum Resumes Decline, Here’s What Could Trigger More Downsides

How Ethereum Close Below $2.3K Could Spark Larger Degree Decline

You might also like

Blockchain Group Secures €300M Partnership with TOBAM to Become Europe’s First Bitcoin Treasury Company

Blockchain Group Secures €300M Partnership with TOBAM to Become Europe’s First Bitcoin Treasury Company

June 10, 2025

Dogecoin Needs $0.40 Breakout To Salvage Bull Case: Analyst

June 5, 2025
Federal Reserve Suffers $1,060,000,000,000 in Unrealized Losses As Central Bank’s Rate Hikes Pressure Bonds

Federal Reserve Suffers $1,060,000,000,000 in Unrealized Losses As Central Bank’s Rate Hikes Pressure Bonds

June 7, 2025
Analyst Says Expect Biblical Move Before Historic Crash – Here Are The Targets

Analyst Says Expect Biblical Move Before Historic Crash – Here Are The Targets

June 10, 2025
Riot Blockchain Yearly Bitcoin Production Increases by 236%, Accumulates $194M in BTC

Riot Platforms Reduces Stake in Bitfarms to 14.3% Following Share Sales

June 9, 2025
Navigating the Illusion of Alt Season and Seizing the Opportunity to Master Trading with ASX Trader

Navigating the Illusion of Alt Season and Seizing the Opportunity to Master Trading with ASX Trader

June 5, 2025
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Dogecoin Must Hold This Support Or Risk Crashing To $0.015

Owning 10,000 XRP? You’re Among Crypto’s Elite, Expert Claims

June 11, 2025
Correction in One Surging Asset Could Trigger Rallies for Altcoin Markets, According to Analyst Michaël van de Poppe

Correction in One Surging Asset Could Trigger Rallies for Altcoin Markets, According to Analyst Michaël van de Poppe

June 11, 2025

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Heart NumberHeart Number(HTN)$0.000000-30.47%
  • TadpoleTadpole(TAD)$0.000000-1.76%
  • SEENSEEN(SEEN)$0.000000-2.27%
  • EvedoEvedo(EVED)$0.000000-0.80%
  • MarginswapMarginswap(MFI)$0.000000-2.17%
  • SakeTokenSakeToken(SAKE)$0.0000004.37%
  • WTF TokenWTF Token(WTF)$0.0000000.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.000000-5.83%
  • RobotinaRobotina(ROX)$0.00000038.50%
  • CageCage(C4G3)$0.000000-3.67%