Bitcoin and Ethereum Struggle to Recover on Last Day of 2021, LUNA Jumps
Bitcoin price started a minor upside correction above the USD 47,000 zone. BTC climbed above the USD 47,500 level but failed to clear USD 48,000. It is currently (04:27 UTC) consolidating near USD 47,400 and there is a risk of further declines below USD 46,500.
Similarly, most major altcoins are facing hurdles. ETH is facing resistance near the USD 3,800 level. XRP could revisit the USD 0.80 support zone. ADA is struggling to stay above USD 1.35.
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After a minor recovery wave, bitcoin price faced resistance near the USD 48,000 zone. BTC failed to continue higher and dropped below USD 47,500. The price even traded below USD 47,000 before recovering. The next major support is near USD 45,500, below which the bulls might
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