Bitcoin and Ethereum Target Fresh Lows, Altcoins Decline

cryptonews.com:

Bitcoin price attempted an upside correction above the USD 21,500 level. However, BTC failed to continue higher above USD 21,750. It is currently (11:20 UTC) declining and remains at a risk of a move below USD 21,000.

Similarly, most major altcoins are moving lower. ETH could accelerate lower below the USD 1,550 support zone. XRP is at risk of a move to USD 0.305. ADA may perhaps decline below the USD 0.45 support.

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After a major decline, the bitcoin price attempted a recovery wave above the USD 21,500 level. However, upsides were capped above the USD 21,750 level. The price is now moving lower and trading below USD 21,500. An immediate support is near the USD 21,000 level. The next major support is near the USD 20,800 zone, below which the price could decline to USD 20,000.

On the upside, the price might face resistance near the USD 21,750 level. The next resistance is near the USD 22,000 level, above which the bulls might attempt a steady increase.

Ethereum price failed to stay above the USD 1,620 level. ETH started another decline and traded below the USD 1,600 level. On the downside, initial support is near USD 1,550. The next major support is USD 1,500, below which the price could even decline to USD 1,425.

On the upside, the price could face resistance near the USD 1,620 level. The next key resistance is near the USD 1,650 level, above which the price might start a recovery wave towards the USD 1,750 level.

Cardano (ADA) is struggling to recover above the USD 0.465 resistance level. There seems to be a risk of a move below the USD 0.45 support. In the stated case, the price may perhaps decline towards the USD 0.42 support.

BNB attempted to clear the USD 305 resistance zone. However, the price