Bitcoin price surged above the $ 38,000 mark but failed to break the $ 38,500 resistance. BTC began a downward correction and traded below $ 37,000. It is showing some bearish signs right now (04:39 UTC) but the bulls could remain active near $ 36,000.
Also, most of the big altcoins correct profits. ETH failed to redeem $ 2,600 and fell below $ 2,500. XRP / USD tried to break above USD 0.90 but there was no bullish momentum.
Total market capitalization
Bitcoin price climbed above the $ 37,500 and $ 38,000 levels yesterday. However, BTC struggled to level off above $ 38,000 and was unable to get rid of $ 38,500. It began a downward correction and traded below $ 37,000. Immediate support is near the $ 36,200 level. The next big support is now forming near the USD 36,000 mark.
On the flip side, the first major resistance is near the USD 37,500 level. The main breakout resistance is now forming near the USD 38,500 mark.
The Ethereum price also failed to gain strength above $ 2,550. A high was formed at $ 2,600 that recently started a downward correction. The price fell below the $ 2,500 support level. Should there be further losses, the price could test the USD 2,400 level.
If it rises again, the USD 2,500 level could act as a hurdle. The main breakout resistance is now forming near the USD 2,550 mark.
BNB, LTC, DOGE and XRP prices
Binance Coin (BNB) hit near the USD 375 mark and corrected downward. The BNB is now consolidating near the USD 350 mark. If there is a downside break below $ 350, the price could test $ 335. The next big support is at $ 320. On the upside, there is immediate resistance near the USD 365 level.
Litecoin (LTC) is holding gains above the USD 165 support level. Initial resistance is near the USD 180 level. If there is a significant breakthrough above USD 180, the price could rise towards USD 200. If not, it could slide towards the USD 150 support.
Dogecoin (DOGE) is consolidating near the USD 0.320 support level. If there are more losses, the bulls could surface near $ 0.305 and $ 0.300. On the downside, the $ 0.335 level is a short-term resistance. The main resistance is near the $ 0.350 level.
XRP price struggled to break the $ 0.900 resistance. As a result, there has been a downward correction below the USD 0.880 support. It holds the $ 0.850 support below which there is a risk of falling towards $ 0.820.
Different Altcoins Market Today
Many altcoins were down over 5%, including SNX, ICP, TFUEL, RUNE, BTG, ZEC, GRT, CRV, COMP, QTUM, SUSHI, CAKE, LINK, OMG and RVN. Conversely, AMP rose over 30% while CHZ and WRX gained 17%.
Overall, Bitcoin price corrects gains below $ 37,000. If BTC stays stable above $ 35,500, a new surge above $ 37,500 could begin. Conversely, it could fall to $ 33,500.
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