Bitcoin News
Bitcoin's price struggled to remain above the USD 40,000 pivot mark after a strong comeback. Bitcoin began to fall and broke through the USD 38,500 support level. The price dropped as low as USD 37,500. Around the USD 36,500 level, the next important support is found. Any further declines could push the price below USD 35,000.
Contrary to that, the USD 38,500 level serves as an early resistance. Near the USD 39,200 level, the first significant resistance is found, accompanied by the USD 40,000 pivot point.
Ethereum News
Ethereum struggled while testing the main USD 3,000 resistance. Ethereum reached a high near USD 2,900 and has now begun a new downward trend. The USD 2,750 support level was breached. The price is currently trying USD 2,650, and if it falls below that level, it may test the USD 2,500 support.
If there is indeed a new rise, the USD 2,750 level might be used to cap gains. Around the USD 2,880 and USD 2,900 levels, the next major barrier will be found.
Other Altcoin News
BNB, LTC, DOGE, and XRP Value.
Binance Coin has been unable to maintain its position just above the USD 385 barrier mark.
Litecoin reached a high near USD 200 and then reversed its gains. LTC has been trading below USD 185, and it may shortly hit USD 175. On the downside, the next important support is near the USD 165 level.
Dogecoin has risen above USD 0.350, although it is still struggling towards USD 0.365. As a result, the price fell to the USD 0.335 support level, prompting a bearish response.
XRP failed to maintain gains over USD 1.05 and fell below USD 1.00. The price came close to breaking through the USD 0.920 support level.
Other Altcoins Value Today
Conclusion
Just several altcoins acquired more than 5%. On the other hand, some are down by 8%. Bitcoin's price fell short of critical resistance levels of USD 40,000 and USD 41,000. If Bitcoin keeps falling, bulls may take a position around the USD 35,000 level.
