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Bitcoin and Ethereum Move Lower Again, LUNA and MIOTA Outperform
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Bitcoin price recovered above the USD 48,500 resistance level. However, BTC struggled to gain pace for a move above the USD 49,500 level. It is currently (04:30 UTC) trading below USD 47,900 and there is a risk of a move below USD 47,000.
Similarly, most major altcoins are also moving lower. ETH failed to surpass USD 4,080 and declined below USD 4,000. XRP is struggling to stay above the USD 0.800 support. ADA is down 3% and it could revisit USD 1.22.
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After a decent recovery wave, bitcoin price faced resistance near the USD 49,500 level. BTC started a fresh decline and traded below USD 48,500. The price is down almost 3% and there is a risk of a move below the USD 47,200 support. The next major support is near USD
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