Last week, we saw decent bitcoin gains above the USD 4000 barrier. The BTC / USD also beat the resistance of USD 4200 and then started a downward correction. The price fell below $ 4,000 and $ 3,820 before buyers appeared close to the $ 3,620 level. The price of Ethereum also rose above the level of USD 150 and thereafter saw a solid selling interest close to the USD 160 level. As a result, there was a downward correction and the ETH / USD fell below the support of USD 145. Similarly, the price ripple rallied above the resistance of $ 0.415 thereafter decreased to below $ 0.400. The general pricing structure is still positive (UTC 07:20 AM), but there may be a couple of swings before a new upward move.
Total market capitalization
Recently, the bitcoin price started a bearish move and exceeded USD 4,000 and USD 3,900. BTC / USD tested the support zone from 3,600 USD to 3,620 USD and is currently consolidating losses. The price is up 0.5% and may continue to rise towards 3,880 USD and the USD 3,920 resistance.
On the downside, initial support is USD 3,720, below which there is strong support near USD 3,650 and USD 3,620 levels. Below USD 3,600, the price may fall further to USD 3,400 or USD 3,320 levels.
The price of Ethereum rose above the resistance of USD 150 and approached the level of USD 160. ETH / USD was adjusted below USD 145 and USD 140, testing USD 125 support.
The price is currently recovering and may continue to rise towards resistance levels of USD 134 and USD 138. A successful break above the level of USD 140 could perhaps open the door to a solid upward boost to the level of USD 150
Price in cash and Bitcoin ripple
Bitcoin's cash price declined heavily after passing the USD 200 level. BCH / USD traded below support levels of USD 180 and USD 160. It tested USD 150 support and subsequently returned. The bitcoin SV also cut earnings and traded below the USD 100 support. BCHSV is currently trading near USD 95 and may continue to rise towards USD 100 and USD 105 levels.
The price increase rose to resistance at USD 0.450 and thereafter began a downward correction. The XRP / USD even broke the support of USD 0.400, tested the support of USD 0.375 and is currently consolidating losses.
Other altcoin markets today
Some small altcoins have gained traction and have increased by over 10%, including POLY, ODE, HOT, KMD and NEO. Of these, POLY gathered over 25% and ODE gained around 23%.
Overall, bitcoin is traded near a main support area at USD 3,720 and USD 3,700. There could be some bandwidth moves before a new rise towards the USD 3,850 and USD 3,950 levels. Likewise, ethereum, ripple and other altcoins could recover positively after completing a consolidation model.