Bitcoin Nears USD 20K, Ethereum Below USD 1.1K, WAVES Rallies, CEL Dumps

Bitcoin price recovered above the USD 21,200 barrier zone but failed to maintain the bullish trend and fell below USD 21,000. It is currently trading over USD 20,300 (04:04 UTC), with a possibility of a negative break. BTC is down more than 1% in a single day and nearly 9% in a week.

Similarly, the majority of big altcoins failed to remain in the green. ETH battled to stay above USD 1,150 and fell below USD 1,100. XRP is still trading near USD 0.320. ADA has pared gains and is now trading below USD 0.480.

  • Bitcoin price is struggling to settle above USD 21,200.
  • Ethereum failed to stay above USD 1,100, XRP is consolidating near USD 0.32.
  • WAVES is the best performer, while CEL is the worst.

Bitcoin price

After a sustained rise, the bitcoin price was able to break through the USD 21,200 barrier level. BTC even broke through the USD 21,500 milestone, but there was no further upward movement. The bears took a stand, lowering the price below USD 21,200. On the downside, an initial support level is near USD 20,000. The next key support is near USD 19,500, below which the price may begin a more severe slide.

On the plus side, the USD 21,000 level is a good starting point. The important resistance level is presently between USD 21,200 and USD 21,500, above which the price may develop bullish momentum in the near term.

Ethereum Price

Ethereum price also attempted to break above the USD 1,150 barrier level. The bears arose as ETH surged towards the USD 1,200 level. The price has pared advances and is now trading below USD 1,100. On the downside, USD 1,050 provides quick support. The next important support is near USD 1,000, below which the price may begin to fall again. ETH is down about 4% in a single day and 10% in a week.

On the upside, the price is encountering resistance near USD 1,150. The next big obstacle is near USD 1,200, above which the price may begin to rise more rapidly.

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