Yes, price of Bitcoin is still stuck in the range. There is a pause in the rally of Ethereum where XRP is closing near to 0.95 USD. The rally of ADA was high at 10% and it also exceeds the level of 1.65 USD.
Price of Bitcoin failed to gain pace which is more than USD 57,500. Consequently, there was decline of price at 56,500 USD and BTC is now recently trading around the specific level.
Apart from this, many major altcoins are above the key supports. The Ethereum can also decline more if there is proper and clear break of less than USD 4,450. Moreover, XRP must also stay more than USD 0.920 for revisiting USD 1.00. Also, ADA is simply outperforming and there is also much clear move which is more than USD 1.65.
Price of Bitcoin
Subsequent to another failure of about USD 57,500, the price of bitcoin reacted to downside. Also, BTC declined less than 56,500 USD and also tested 56,000 USD. It is also consolidating the losses more than USD 56,500. With the clear downside break which is below USD 56,000 might possibly start a strong decline. Also, next key support is close to the level of USD 53,500.
Now, on upside, the price also is fronting some kind of resistance near to the level of 57,200 USD. The initial resistance is close to USD 57,500 level, which is above the price that could ever revisit 58,000 USD.
Price of Ethereum
The price of Ethereum started moving downward after it failed clearing resistance level of USD 4,800. ETH is trading now for less than USD 4,550. With the downside break of less than USD 4,450 and USD 4,420 this can lead the price to move at USD 4,350 level in near period. With the fresh increase, price may also face resistance close to the level of USD 4,550.
