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Bitcoin and Ethereum Hold Crucial Support, Smaller Altcoins Surge
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Bitcoin price is struggling to clear the USD 57,500 and USD 58,000 resistance levels. BTC is currently (11:30 UTC) consolidating near USD 56,000 support. It could either start a steady increase to USD 60,000 or dive below USD 55,500 in the near term.
Besides, most major altcoins are struggling to start a recovery wave. ETH is trading well below USD 4,250, but it is steady above USD 4,120. XRP is trending lower towards the USD 1.00 level. ADA must stay above USD 1.70 to start an upside correction.
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Recently, bitcoin price saw bearish moves below the USD 57,500 level. However, BTC stayed above the key USD 55,500 support level. An immediate support is now near USD 55,800. The first major support is near USD 55,500,
Read more on cryptonews.comAbout this in other media
Bitcoin and Ethereum Clear Key Hurdles, AVAX and MATIC Rally cryptonews.com /2 years ago
Bitcoin and Ethereum Price Predictions for 2022 cryptonews.com /2 years ago
Bitcoin and Ethereum Fluctuate, Small Altcoins Suffer Biggest Losses cryptonews.com /2 years ago
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