It is possible that the price of BTC goes further down the $17,800 and $17,650 zones with the main support close to $17,500, and a further drop from this point could see the price move towards the $17,250 mark.
Major Signals
- BTC experienced a new downward move below the $18,500 resistance.
- BTC traded under $18,200 zone and went further down under $18,000.
- Altcoins, including ETH, XRP, and BCH, also indicated bearish signals.
ETH is indicating some bearish signals and lately traded under $560 and $560. The sellers are trying to show some strength at the $540 level, but price actions indicate it is just a matter of time before losing their stance. The price could approach the $530 zone with the primary support forming close to $522 and $520.
With a new upward move, the $565 level could act as initial resistance, with the significant resistance close to $580. BCH witnessed a 2% loss and could start a downtrend below $260 to test the $250 support.
XRP was unable to have a proper close above the $0.580 hurdle and began a slight dip. XRP price went down by about 3% but still manages to trade beyond $0.550.
What do you think about the current price of BTC and Altcoins? Let’s discuss this in the comment section.
