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Bitcoin, Ethereum, and Altcoins Break Key Supports
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Bitcoin price failed to gain pace above the USD 49,200 resistance zone. BTC started a fresh decline and traded below the USD 48,000 support. It even broke the USD 47,200 support and is currently (04:18 UTC) keeps showing bearish signs.
Similarly, most major altcoins are gaining bearish momentum. ETH settled below USD 4,000 and declined below USD 3,800. XRP traded below the key USD 0.80 support level. ADA declined almost 7% and even tested the USD 1.20 support.
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After a close below USD 50,000, bitcoin price gained bearish momentum. BTC traded below the USD 48,000 and USD 47,200 support levels. The price is now consolidating near USD 47,100 and remains at risk of more losses. An immediate resistance is near the USD
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