Bitcoin began to fall again after a large dismissal of around USD 46,000. Bitcoin entered a bearish zone after breaching several critical supports near USD 44,000. In addition, the price breached the USD 40,000 support level. If the price falls below this level, it will continue to fall until it reaches USD 35,000. On the upside, the 42,000 level acts as initial resistance. The first significant resistance is near USD 43,500, followed by USD 44,000.
Ethereum struggled to break through the USD 3,550 level, indicating the start of a new downward trend. At one point, the value dropped below USD 3,000. More losses are possible if the bulls are unable to push the price above USD 3,000. The next significant support is located near USD 2,800.
Value of BNB, LTC, DOGE, and XRP
Binance Coin has struggled to stay above the USD 525 and USD 500 support levels. Binance coin has also breached the USD 485 support level and is now trading at USD 430.
Litecoin is down 14% and has broken through the USD 300 support level. Litecoin has previously sold for less than USD 265. The next significant assistance comes in at around USD 250.
Dogecoin is continuing to fall below the USD 0.465 and USD 0.450 support levels. It has tested the USD 0.412 support level and may fall to USD 0.405.
The XRP price lost much of its gains after reaching a high near USD 1.70. The price broke through a number of supports near USD 1.60 and USD 1.55. It also broke through the USD 1.52 and USD 1.50 resistance levels. If the bears keep their hold on the price, it could fall to USD 1.42.
Several altcoins have decreased by 10%, while FTM has increased by 10%. Bitcoin's price is falling below USD 42,000, indicating a bearish trend. If Bitcoin falls below USD 40,000, it may lead to a larger drop in the near future.
