Bitcoin price remains in the range above the $21,000 support zone. BTC made several attempts to clear the $21,650 resistance level but was unsuccessful. Currently (04:00 UTC) is trading in a support range and may make the next move soon.
Similarly, most major altcoins are struggling to start a wave of recovery. ETH is facing major resistance near $1,650 and $1,665. XRP could rise if it breaks through the $0.65 resistance level. The ADA is struggling to sustain above the $0.45 support level.
Bitcoin Price
Over the past few sessions, the bitcoin price has traded in a range above the $21,000 support level. BTC has moved a few points above $21,450, but the upside is limited. The bears were operating near the $21,550 and $21,650 levels. The next resistance level is near the level of $22,000, above which the price can start a steady wave of recovery.
On the downside, initial support remains near the $21,000 level. The main support is near the $20,750 zone, below which the price can slide to $20,000.
Ethereum Price
Ethereum price also sustained in a range above the $1,550 support zone. ETH climbed above $1,600, but it faced stiff resistance near $1,650. The next key resistance level is near the $1,665 level, above which the price can rise to the $1,720 resistance zone.
If there is no bullish breakout, the price can return to the $1,550 support zone. The next major support is $1,520, below which the price can gain momentum.
ADA, BNB, SOL, DOGE, and XRP Prices
Cardano (ADA) was unable to gain strength above $0.465. It is currently struggling to sustain above the 0.45 support zone. A clear move below $0.45 could bring the price back to $0.42.
BNB is consolidating near $295. If there is a bearish reaction, it could have a bid close to $288. Conversely, the price may clear the $300 and $305 resistance levels.
Solana (SOL) is facing stiff resistance near the $35 level. A close above $35 could push the price to $36.50. On the contrary, it may fall and test the $32 support level.
DOGE tried to rally but failed to break through the $0.070 resistance zone. It is currently consolidating and is at risk of falling to the $0.065 support level.
XRP price is consolidating below the $0.35 resistance zone. If there is no bullish breakout, the price can fall to the support level of $0.32.
Other altcoin markets today
Many altcoins are in the red zone, including SHIB, MATIC, UNI, ETC, LTC, FLOW, VET, FIL, APE, MANA, AAVE, and CEL. Of these, CEL fell more than 15% and traded below $1.50.
Overall, the Bitcoin price is facing major hurdles near the $21,550 and $21,650 levels. If BTC continues to struggle, it could fall below $21,000.
