Bitcoin and Ethereum Consolidate Gains, FIL Rallies
Bitcoin price gained pace above the USD 24,000 resistance. However, BTC failed to test the USD 25,000 level and is currently (04:06 UTC) consolidating gains near USD 23,350. BTC is down almost 2% in a day and up over 3% in a week.
Similarly, most major altcoins are correcting lower. ETH struggled to stay above USD 1,750 and corrected below USD 1,700. XRP failed to clear the USD 0.40 resistance zone. ADA might attempt another move towards the USD 0.55 resistance.
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After a failed attempt above USD 24,500, bitcoin price started a downside correction and traded below USD 23,500. On the downside, an initial support is near the USD 23,200 level. The next major support is near the USD 22,500 zone, below which the price might revisit USD 22,000.
On the upside, an immediate hurdle is at USD 23,650. The next major resistance could be USD 24,250, above which the price could attempt a move towards USD 25,000.
Ethereum price made another attempt to clear the USD 1,750 resistance zone. However, ETH failed to gain pace and started a downside correction below USD 1,700. The price is now trading near the USD 1,690 level and is almost unchanged in a day and up over 5% in a week. On the downside, an initial support is near the USD 1,650 level. The next major support is near the USD 1,620 zone, below which the price might drop to USD 1,550.
On the upside, the price might struggle near USD 1,720. The next key resistance is near the USD 1,750 level, above which the price might climb to a new multi-week high.
Cardano (ADA) gained pace above the USD 0.52 resistance zone. It even attempted a move towards the USD 0.55, but the bulls failed to push the price higher. It is now consolidating near USD 0.52.
BNB climbed above the
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