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Bitcoin, Ethereum, and Altcoins Trying to Recover
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Bitcoin price extended decline below the USD 56,000 level. BTC tested USD 55,500 and is currently (11:54 UTC) consolidating losses near USD 57,000. To start a fresh increase, the price must clear the USD 58,500 resistance zone.
Besides, most major altcoins are also recovering losses. ETH climbed above USD 4,100, but it is facing resistance near USD 4,250. XRP tested the main support at USD 1.00. ADA spiked towards USD 1.70 but corrected higher to USD 1.80.
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After a break below USD 56,500, bitcoin price even declined below USD 56,000. However, BTC found support near USD 55,500. It is now consolidating losses and corrected a few points above the USD 56,000 level. On the upside, the USD 57,500 level is an initial
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