Bitcoin and Ethereum Face Resistance, SHIB Crashes 44% From ATH
Bitcoin price started a minor downside correction below the USD 63,500 support zone. BTC is trading below USD 62,500 and is currently (04:28 UTC) consolidating gains. A downside break below USD 61,200 could spark a larger downside correction.
Besides, most major altcoins are correcting gains. ETH declined below USD 4,600, but it remained stable above USD 4,550. XRP is down over 3% and it is trading near USD 1.20. ADA fluctuates around USD 2.00.
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Recently, bitcoin price started a downside correction below the USD 62,500 support. BTC declined below USD 62,000, but downsides were limited below USD 61,200. On the downside, an initial support is near the USD 61,500 level. The next key support is near the USD 61,200 level,
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