Bitcoin price struggled to remain above the USD 48,000 benchmark after a brief upward correction. As a result, BTC began a new downtrend, breaking several support levels between USD 46,500 and USD 45,500. The price has also fallen below USD 43,000, indicating some bearish signs.
The main resistance is close to USD 42,000. If the bulls fail to defend the USD 42,000 support zone, the price can continue to fall towards the USD 40,000 level.
Ethereum's price fell in lockstep with bitcoin's, falling below USD 500. ETH continued to decline below USD 3,500 and USD 3,380 support levels. While there was a brief dip below the USD 3,200 support level, ETH price is now well above this.
The coin could begin a new rise as long as the price remains steady above USD 3,000. However, the key resistance is now around USD 3,500, and a break of this level could see the price surge towards USD 3,800.
BNB, LTC DOGE, and XRP Value
BNB has broken through many main support levels near USD 550 and USD 525. BNB also fell below USD 500, testing the USD 480 area.
LTC is down more than 10% and has broken through the USD 300 support point. LTC has evaluated assistance at USD 265 and is now trying to consolidate losses.
DOGE has continued to fall below the USD 0.500 and USD 0.480 support levels. It also went as low as USD 0.450 as a support level.
The price of XRP has plummeted below the USD 1.45 support mark. It has broken through the USD 1.40 point and is now reaching the USD 1.35 support point.
The majority of Altcoins decreased by over 15% while REV increased by over 35% exceeds USD 0.028. Bitcoin is now trading below USD 45,000, indicating a bearish trend.
