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Bitcoin price did not recover above the USD 17,350 and USD 17,500 resistance ranges. BTC is showing a couple of harmful indicators, however it is still effectively above the USD 16,500 and USD 16,250 help ranges. The price is currently (13:00 UTC) buying and selling around USD 17.00 to zero and trying to rally towards USD 17,350.
There has been a slight drop in most major altcoins towards key aid, along with ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash, and ADA. ETH / USD is buying and selling above USD 500, however it is dealing with hurdles close to USD 525 and USD 530. XRP / USD retested the USD 0.500 aid level and rebounded above USD 0.540 again.
Full market capitalization
After a rejection near the USD 17,350 grade, the price of bitcoin has fallen once again. There was a break below zero degree of USD 17.00. However, the bulls had been able to protect the USD 16,500 help zone. The price has rebounded again and is buying and selling nearly USD 17,000. On the upside, preliminary resistance is at USD 17,200. The main major resistance for the bulls is near USD 17,350.
Preliminary help on withdrawal is close to the $ 16,800 grade. The main main aid is near the grade of USD 16,500, below which it could create problems to aid of USD 16,250.
The price of Ethereum is facing serious resistance near the USD 530 grade and would struggle to realize the momentum. If ETH clears the USD 530 resistance, it could steadily rise towards the USD 550 and USD 555 resistance ranges within the coming classes.
Conversely, there is the threat of a recent break below the USD 502 and USD 500 help ranges. The main aid is close to the USD 480 degree, below which the price could fall towards the USD 450 degree.
Bitcoin cash, litecoin and XRP price
Bitcoin’s cash price is buying and selling above the USD 260 help level. Direct resistance is close to the USD 270 degree. To initiate a good move to the upside, BCH should break out of the USD 275 and USD 280 resistance ranges. Otherwise, the price may go down to less than USD 250 and USD 240.
Litecoin (LTC) did not break above the USD 75.00 level and fell below USD 70.00. As for the downside, the USD 65.00 grade is acting like a good help. The following main buying zone is located near the USD 62.00 and USD 60.00 ranges. On the bullish side, the price should reach bullish momentum above USD 75.00 to initiate a robust bullish wave.
The XRP price did notice a couple of swing hits, however it remained stable above the USD 0.500 level. The price is now buying and selling above USD 0.540 and is dealing with resistance near USD 0.565. A transparent break above USD 0.565 could lead XRP towards the USD 0.592 and USD 0.600 resistance ranges.
Different altcoin market at the moment
So far, a couple of altcoins have risen more than 5%, along with SUSHI, YFI, XLM, NANO, CEL, KSM, WAVES, NEXO, STX, and VET. Conversely, SC, ZEN, EWT, ZIL, EOS, BSV and CRO are down by more than 5%.
To sum it up, the price of bitcoin is consolidating in a wide range above the USD 16,500 help. BTC could proceed to maneuver in a variety before the next transfer is above USD 17,500 or towards USD 15,800 within the next 2-3 days.
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