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Bitcoin and Ethereum Test Key Support, Altcoins Consolidate
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Bitcoin price extended decline below the USD 56,500 support. However, BTC stayed above the USD 55,500 support. It is slowly recovering and is currently (11:30 UTC) facing resistance near 57,200. The main hurdle is still near USD 58,000.
Besides, most major altcoins are trading above key supports. ETH spiked below USD 4,500, but it stayed above USD 4,450. XRP is slowly moving higher towards the USD 1.00 resistance. ADA found support near USD 1.52 and recovered above USD 1.55.
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After a break below USD 56,500, bitcoin price even spiked below USD 56,000. However, the bulls defended the key USD 55,500 support zone. It is now rising and trading above USD 56,000. To continue higher, it must surpass the USD 57,200
Read more on cryptonews.comAbout this in other media
Bitcoin and Ethereum Consolidate Losses, DOT, LUNA, and AVAX Gain Momentum cryptonews.com /2 years ago
Bitcoin and Ethereum Hold Support, Altcoins Consolidate cryptonews.com /2 years ago
Bitcoin and Ethereum Correct Lower, Key Supports Nearby cryptonews.com /2 years ago
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