Bitcoin News
Recently, the price of Bitcoin often saw bearish movements underneath the USD 36,500 pivot level. Bitcoin even settled below the USD 35,000 level. Near the USD 34,000 mark, there is instant support. The first major support is located near USD 33,500. The key weekly support is approximately USD 32,000, and a break below that level could lead to a test of USD 30,000.
Contrary to that, the USD 35,500 level serves as an early resistance. The key resistance is currently emerging near the USD 36,500 level, with a break above that level potentially testing the USD 38,500 area.
Ethereum News
The price of Ethereum has been unable to hold above the USD 2,550 and USD 2,500 resistance levels. Even though ETH went through the USD 2,350 barrier, it found support near USD 2,200. The bulls are currently defending additional drawbacks, but near USD 2,550, they may encounter a significant trading demand.
The USD 2,250 level is instant support on the downside. The first big support is approximately USD 2,200, and if the price falls below that level, it may challenge USD 2,000.
Other Altcoin News
BNB, LTC, DOGE, and XRP Value
Binance Coin has risen above the pivot mark of USD 300. it is now stabilizing, with a strong resistance level near USD 325.
Litecoin is stalled near the pivot point of USD 165. If there is a new spike, it may fight to stay over USD 180.
Dogecoin is currently trading just under the USD 0.305 and USD 0.300 support levels. If indeed the bears maintain their position, the price may fall to the USD 0.280 support level.
The price of XRP is trying to break through the barrier between USD 0.920 and USD 0.950.
Conclusion
Just several altcoins soared by more than 5%, with GRT gaining more than 11% and breaking the USD 0.70 mark. THETA, NEXO, and ZEN, on the other hand, are down 5% to 10%.
Under the USD 36,500 and USD 38,500 levels, bitcoin is exhibiting bearish indications. If Bitcoin stays under USD 38,500, it may start to decline towards USD 30,000 in the coming days.
