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Bitcoin and Ethereum Hold Support, Altcoins Consolidate
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Bitcoin price started a fresh decline below the USD 48,500 support. BTC even traded below USD 48,000, but it remained stable above USD 47,500. It is currently (12:18 PM UTC) recovering, but there are many hurdles near USD 49,500 and USD 50,000.
Similarly, most major altcoins are trying to recover too. ETH dived towards the USD 4,000 level, where the bulls appeared. XRP declined below USD 0.85 before moving back. ADA remains at a risk of more losses below USD 0.80.
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After a downside break below USD 48,500, bitcoin price extended decline. BTC even tested the USD 47,500 zone. It is recovering higher and is nearing the USD 49,000 level. An initial resistance is near the USD 49,500 zone. The main resistance is still near
Read more on cryptonews.comAbout this in other media
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Bitcoin and Ethereum Show Bullish Signs, Altcoins Rally cryptonews.com /2 years ago
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