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Bitcoin and Ethereum Struggle, SAND and EGLD Rally
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Bitcoin price attempted recovery wave above the USD 58,000 level. However, BTC failed to gain strength and struggled above USD 58,500. As a result, there was a fresh bearish reaction, and the price is currently (04:58 UTC) trading below USD 57,000.
Besides, most major altcoins are showing bearish signs. ETH is trading below USD 4,200 and it could continue to move down. XRP is still above USD 1.00, but it is facing a lot of hurdles. ADA is moving lower towards USD 1.80.
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After struggling to clear the USD 58,500 level, bitcoin price started a fresh decline. BTC traded below the USD 57,500 and USD 57,000 support levels. On the downside, an initial support is near USD 56,200. The first major support is near USD 55,500,
Read more on cryptonews.comAbout this in other media
Bitcoin and Ethereum Price Predictions for 2022 cryptonews.com /3 years ago
Bitcoin and Ethereum Consolidate, BAT and ALGO Rally cryptonews.com /3 years ago
Bitcoin and Ethereum Remain At Risk, ADA Starts Fresh Rally cryptonews.com /3 years ago
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