The bitcoin price tests USD 20K, Ethereum slides, and altcoins are in the red

  • The bitcoin price turned red after erasing its weekly gains.
  • XRP may test USD 0.302 if Ethereum declines below USD 1,100
  • SOL and DOGE are down 6%.

As bitcoin price continued to decline below USD 20,500 and USD 20,000 support levels, it remained in a bearish zone. In the current situation, it’s consolidating near USD 19,950. It’s down almost 2% in a week, and down 3% in a day.

Bitcoin price

Bitcoin price extended its losses below USD 20,000 to move into a bearish zone after moving below the USD 21,200 support. The nearest major support is near USD 19,500, below which the price may start a stronger downward move.

Ethereum price

In the last few days, Ethereum’s value has been falling below USD 1,120 support, has moved below USD 1,100, and has tested USD 1,080. ETH is down 6% in a day and a week. In the event that the price declines below USD 1,000, the USD 1,000 support zone will once again be the next major support.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) has declined below the USD 0.45 support zone and is now approaching the USD 0.432 support zone. The price might trend towards USD 0.42 if there are any more losses.

The price of Solana (SOL) is down 6% and trading below USD 35. The USD 33.20 level provides immediate support. In the event of a break below USD 33.20, the price may move downwards towards USD 32.

USD 0.065 is the level at which DOGE is gaining momentum. It is down 6% and approaching the USD 0.0620 support. The next key support is near USD 0.0600, below which the bears might aim for a move towards USD 0.0585 in the near term.

XRP price moved below the USD 0.32 support site. It is now moving lower towards the USD 0.302 support. Any more failures might call for a move towards USD 0.288.

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