Bitcoin, Ethereum Try to Recover, SHIB Rallies

  • Bitcoin price is back above USD 61,400 after almost testing USD 60,000.
  • Ethereum returned to USD 4,300, XRP may possibly remain stable above USD 1.05.
  • ATOM, HOT, and SHIB gained over 14%.

Bitcoin price struggled to clear the USD 64,000 resistance zone. BTC is moving lower and is currently (04:33 UTC) trading above USD 61,400 after dropping to almost USD 60,000 earlier today. A downside break below USD 60,000 could put pressure on the bulls in the near term.

Besides, most major altcoins are trading in a range. ETH declined before returning to the USD 4,300 level.  XRP is still trading well below the USD 1.15 resistance. ADA is facing a major resistance near the USD 2.20 zone.

Total market capitalization
 

Source: tradingview.com

Bitcoin price

After a failed attempt to clear the USD 64,000 resistance, bitcoin price started a fresh decline. BTC traded below the USD 62,200 and USD 62,000 support levels. The price is now consolidating above the USD 61,000 level. A downside break and a close below USD 60,000 could spark a stronger decline. In this case, the price might decline towards the USD 58,000 level.

The next major resistance is near USD 62,000, above which the price may perhaps start a fresh rise towards the USD 64,000 level. 

Ethereum price

Ethereum price spiked above the USD 4,250 level. However, ETH struggled to continue higher and declined, before returning to the USD 4,300 level.

The next major resistance is near USD 4,350, above which the price could rise towards the USD 4,500 level. If there is a break below USD 4,200, the price could accelerate lower towards the USD 4,050 level.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) is still facing resistance near the USD 2.18 and USD 2.20 levels. A close above USD 2.20 might push the price higher. The next major resistance is at USD 2.32. Conversely, the price could start a fresh decline towards the USD 2.05 level. The next major support is near the USD 2.00 level.

Binance Coin (BNB) is consolidating near the USD 480 level. An immediate resistance is near the USD 490 level. The main breakout resistance is near USD 500, above which the price could rise towards the USD 520 level in the near term.

Solana (SOL) is consolidating near the USD 200 level. A close below the USD 200 level may perhaps push the price towards USD 192. The next key support is at USD 185. On the upside, the bears might remain active near the USD 212 and USD 215 levels.

Dogecoin (DOGE) is holding gains above the USD 0.250 level. The price is facing resistance near the USD 0.265 level. Any more gains could lead the price towards the USD 0.280 level. If not, the price might find dips near the USD 0.232 level.

XRP price is trading in a range between USD 1.10 and USD 1.15. The main resistance is near USD 1.15, above which the price might rise towards USD 1.20. If not, the price might dip towards the USD 1.05 support.

Other altcoins market today

Many altcoins are up over 8%, including HOT, SHIB, HNT, ATOM, ENJ, TFUEL, YFI, THETA, SNX, NEXO, and MATIC. Out of these, SHIB rallied by 29% and hit USD 0.00005364.

Overall, bitcoin price is trying to recover towards USD 62,000. If decline resumes, a close below USD 60,000 might push BTC lower in the coming sessions.

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