Bitcoin and Altcoins Could Extend Losses

by topic_admin

After a powerful rejection close the USD 4,000 resistance, bitcoin price began a sharp decline. BTC declined below the USD 3,980 and USD 3,950 service amounts. It moved into a bearish zone and analyzed the USD 3,900 service level. Similarly, there were bearish moves in ethereum under the USD 136 and USD 135 service amounts. ETH analyzed the USD 132 service and it is now (UTC 08:10 AM) correcting higher. Ripple price is trading with a bearish bias around USD 0. 300 and it might continue to decline in the near term.

Total market capitalization

Bitcoin price

There has been a powerful downward movement in bitcoin price from the USD 4,000 resistance. BTC declined below the USD 3,950 support amount and it spiked below the USD 3,900 level. It is correcting higher towards the USD 3,950 degree, which has been a service earlier and it might work as a resistance.
If buyers push the price above USD 3,950, the price may revisit the USD 4,000 resistance. If not, there is a risk of a new decline towards USD 3,900 or USD 3,860 in the coming sessions.

Ethereum price

Ethereum price also confronted an increase in selling pressure after it failed to transcend the USD 138 resistance. ETH/USD declined below the USD 135 support amount and analyzed the next crucial service at USD 132.
The price is presently correcting higher over USD 133, but it is likely to confront sellers around the USD 134 or 135 levels. On the downside, a break below the USD 132 support can push the price towards USD 130.

Bitcoin money, eos and ripple price

Bitcoin money price trimmed almost all of its current gains and bankrupt the USD 160 service amount. BCH/USD is now trading near USD 158 and it might continue to proceed the USD 155 service level.
EOS was comparatively stable over the USD 3. 62 support. However, there are lots of hurdles on the upside the USD 3. 65 and USD 3. 70 levels. On the downside, the main support is close the USD 3. 60 level.
Ripple price declined below the USD 0. 306 and USD 0. 304 service amounts. XRP/USD is trading close the USD 0. 300 service and it might continue to decline towards the USD 0. 295 and USD 0. 292 service amounts in the near term. On the upsidedown, an initial resistance is at USD 0. 302, followed closely by USD 0. 304.

Other altcoins marketplace now

In the previous 3 sessions, many little cap altcoins declined greater than 8 percent, including DGB, AOA, POLY, ABBC, ONT, QBIT, STEEM, PAI, ICX and QASH. Out of these, DGB is down about 15percent and AOA dropped near 13%.

Overall, bitcoin price failed to gain bullish momentum over the USD 4,000 resistance and declined sharply. Going ahead, the USD 3,900 support might play a crucial part for the following movement. If BTC settles below USD 3,900, there might be additional losses in the coming days.

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Bitcoin and Altcoins Could Extend Losses 102

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