Sunday, September 24, 2023
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Bitcoin and Ethereum Erase Weekly Gains, Altcoins Increase Losses

  • Bitcoin fell 3% and traded at less than US $ 21,500.
  • Ethereum is below $ 1,450 and XRP is approaching support at $ 0.32.
  • ADA and SOL are down almost 5%.

Bitcoin prices expanded their losses below the $ 22,500 level, below $ 21,500. Currently (03:58 UTC), trading is just below US $ 21,200, down more than 3% in a day and 5% in a week.

Similarly, most major altcoins have moved down. ETH traded below the support level of $ 1,450. XRP may soon reconsider its support for US $ 0.32. ADA has tested support for $ 0.465.

Market capitalization

Source: tradingview.com

Bitcoin price

After facing a refusal Bitcoin price Losses fell below $ 22,000 support and nearly tested $ 21,000 before rising. On the downside, initial support is close to the US $ 20,850 level. The next major support is near the USD 20,500 zone, below which the price can test USD 20,000.

Conversely, immediate resistance is close to the US $ 21,500 level. The next big resistance could be $ 22,000, beyond which prices could start to rise steadily.

Ethereum price

Ethereum price It also accelerated further after breaking through the $ 1,500 support zone and is now being integrated near the $ 1,435 level. ETH has decreased by more than 5% in a day and almost 9% in a week. The next major support is close to $ 1,365, below which the price may retest the support zone at $ 1,320.

Conversely, prices can face sellers close to $ 1,450. Currently, the main breakout resistance is formed near the US $ 1,500 level, above which the price could rise further.

Prices for ADA, BNB, SOL, DOGE, and XRP

Cardano (ADA) It gained bearish momentum below the $ 0.50 level. It has fallen almost 5% and is trading above $ 0.470. The next major support is close to the USD0.45 level, below which it can plummet.

BNB It recovered to $ 244 after trading below the $ 250 support zone and below the level of $ 242. If the bear remains active, there is a risk of moving to the $ 235 level.

Solana (SOL) It has grown below the US $ 40 support zone. It has fallen almost 5% to below US $ 38. The main support is close to the $ 35 level, below which it may slide towards the $ 32 support zone.

Doge Is accelerating lower and has moved below US $ 0.0620 support. The next major support is $ 0.0600. Further losses could possibly open the door to a move towards $ 0.0580.

XRP price Is declining and is approaching a support zone of $ 0.32. If the bear remains active, there is a risk of moving towards the $ 0.30 support zone in the short term.

Other altcoin markets today

Many altcoins such as DOT, MATIC, AVAX, SHIB, TRX, LTC, FTT, LINK, NEAR, ATOM, APE, BCH, ALGO are in the red zone. Of these, BCH is down 8% and trading at less than US $ 120.

Overall, Bitcoin prices have fallen below the US $ 21,500 level. If BTC breaks support for $ 20,500, it may revisit the $ 20,000 support zone.

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