Bitcoin and Ethereum Consolidate, OKB Jumps
Bitcoin price started a downside correction after it failed to surpass the USD 45,000 resistance. BTC declined below USD 44,000 and USD 43,500. It is currently (11:58 UTC) showing a few bearish signs and might decline below USD 43,000.
Similarly, most major altcoins are correcting gains. ETH traded below the USD 2,920 level. XRP might break the USD 0.75 support zone. ADA failed to stay above the USD 0.92 support zone.
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After a failed attempt above USD 45,000, bitcoin price started a downside correction. BTC traded below USD 44,500 and USD 44,000. It even traded below USD 43,500. If the bears push the price below the USD 43,000 and USD 42,800 levels, the next stop could be USD 42,000. Any more losses might send the price towards the USD 41,200 level.
On the upside, the price is facing resistance near the USD 43,800 level. The next key resistance is near the USD 44,000 level, above which it could rise to USD 45,000.
Ethereum price started a downside correction after it failed to stay above USD 3,000. ETH declined below the USD 2,920 level, while an initial support is near the USD 2,850 level. The next key support is near the USD 2,800 level, below which the price might test USD 2,750.
On the upside, the price could struggle near USD 2,950. The main resistance is still near the USD 3,000 zone, above which the price might gain bullish momentum.
Cardano (ADA) extended decline below the USD 0.95 support. It even traded below the USD 0.92 support. If the bulls fail to protect the USD 0.900 support, the price might decline towards the USD 0.88 level in the near term.
BNB is struggling to stay above the USD 400 level. If there is a downside break below the USD 400 support, the bears might gain strength. The
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