Bitcoin's price began to fall again after briefly hitting USD 58,000. BTC dropped far below the USD 55,000 support level. It also broke through the USD 50,000 support level, trading around USD 46,000. The price is now regaining ground and trading above the USD 48,500 level.
A strong close above USD 51,200 and a subsequent move above USD 52,000 may pave the way for a steady rise. Otherwise, the price could fall below USD 48,500 once more.
ETH prices, like Bitcoin, have fallen by over USD 500. Ethereum fell well below the USD 4,000 and USD 3,800 support levels, respectively. It even reached USD 3,500 before beginning to recover.
The price traded above the USD 3,900 level. On the other hand, the bulls need a strong close above USD 4,000 and USD 4,080 to make gains in the near future. The price could go below USD 3,850 if they fail. The next major support level is around USD 3,680.
BNB, LTC, DOGE, and XRP value
BNB has broken through many main support levels near USD 625 and USD 600. It had reached a high of USD 550 before regaining its stability. It has now risen above USD 600, but it may encounter resistance around USD 625.
LTC has lost more than 50 percent of its value and has broken through several support levels around USD 350. Before beginning an upward correction, LTC also checked the USD300 support standard. The price is currently trading around USD 320.
DOGE continues a downturn below the USD 0.420 and USD 0.400 support levels. It also went as low as USD 0.355 as a support level. The price has risen back above USD 0.420.
XRP value has plummeted below the USD 1.400 and USD 1.445 support levels. It is now incorporating losses near USD 1.340, with USD 1.368 acting as immediate resistance.
In conclusion, Bitcoin price is trying to recuperate after a major sell-off below USD 50,000, but continue higher, bitcoin has to stabilize above USD 52,000.
