Bitcoin News
Bitcoin price began another downward adjustment after a futile effort around USD 39,500. Bitcoin had been trading between USD 38,500 and USD 38,000. Bulls are currently defending the USD 37,000 support level. Its next important support is around the USD 36,500 mark, under which the value may fall to USD 35,500.
On the contrary, the value is hitting resistance around USD 38,500. The pivot point of USD 40,000 is the first big resistance level, which is located approximately USD 39,500.
Ethereum News
Ethereum is struggling to push through the critical USD 3,000 barrier level. ETH has adjusted downwards after reaching a high of USD 2,885. Under the USD 2,800 and USD 2,780 levels, there had been a break. The value is displaying some bearish indications, and it may challenge USD 2,700 or possibly USD 2,650.
Also on the contrary, an early resistance mark is approximately USD 2,800. The key resistance level is USD 2,880, accompanied by the USD 3,000 obstacle.
Other Altcoin News
See today's value of BNB, LTC, DOGE, and XRP
Binance Coin is surging through the USD 425 resistance, but is also falling short of the USD 440 mark. under the USD 420 mark, there was a slight drop. The bulls already are defending USD 400, and if the price falls below that level, it may target the USD 380 support Level.
Litecoin was struggling to push through the USD 195 and USD 200 resistance levels again and just couldn't cut it. The price of Litecoin is now hovering around the USD 180 support level.
After topping close to the USD 0.440 level, Dogecoin began a severe downwards adjustment. DOGE fell under support levels of USD 0.420 and USD 0.400. If the price continues to fall, it may reach the USD 0.365 support areas. Despite Coinbase's announcement that DOGE will be backed on Coinbase.com and in the Coinbase Android and iOS apps, the value has plummeted.
XRP was still unable to break through the USD 1.05 and USD 1.10 barrier levels. It is presently displaying some bearish indications, and it may keep falling under USD 1.00 and USD 0.98.
Conclusion
Several altcoins soared by more than 8%. FIL soared about 30% and is on the verge of testing the USD 100 mark.
Bitcoin is adjusting its profits from the USD 39,500 level. If Bitcoin keeps constant over USD 37,000, there might be a probability it'll rise again, possibly to USD 40,000. If that doesn't happen, then it might end up crashing into the USD 35,000 support area in the next rounds.
