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18.12 - 15:19
Bitcoin Looking for Direction, Ethereum Keeps Rising, SHIB Accelerates
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Bitcoin price failed to retest the USD 60,000 resistance level. BTC started a downside correction and traded below USD 57,000. It is currently (11:51 UTC) moving higher towards USD 57,500.
Besides, major altcoins are showing mixed results. ETH is still elevated, but it is facing an uphill task near USD 4,500. XRP failed to stay above USD 1.00 and corrected lower. ADA could retest the USD 1.52 support level.
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After a false break above USD 58,500, bitcoin price started a downside correction. BTC declined below the USD 58,000 and USD 57,500 levels. On the downside, an initial support is near the 56,500 level. The next major support is at the USD 56,000 level, below which the price might retest USD 55,000. Any more
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