Bitcoin price extended losses below the USD 21,000 level but managed to stay above USD 20,500 and recovered above USD 21,000 again. It is currently (03:50 UTC) trading near USD 21,070 and is almost unchanged in a day and down 10% in a week.
Similarly, most major altcoins are struggling to recover losses. ETH tested the USD 1,350 support before correcting higher. XRP traded close to the USD 0.32 support. ADA tested the USD 0.45 support zone.
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After a downside break, bitcoin price extended losses below the USD 21,000 support. BTC tested the USD 20,750 zone and climbed back above USD 21,000. On the upside, an immediate resistance is near the USD 21,400 level. The next major resistance could be USD 21,500, above which the price could start a steady recovery.
On the downside, an initial support is near the USD 20,750 level. The next major support is near the USD 20,500 zone, below which the price could test USD 20,000.
Ethereum price also extended losses and traded below the USD 1,400 level. ETH tested the USD 1,350 level, where the bulls emerged. It is now correcting losses and trading above USD 1,420. ETH is down almost 1% in a day and 8% in a week. On the upside, the price could face resistance near USD 1,450. The next key resistance is near the USD 1,500 level, above which the price might start a stronger recovery.
If not, there are chances of a fresh drop below USD 1,400. The next major support is near USD 1,350, below which the price might extend losses.
Cardano (ADA) extended losses below USD 0.465 support and tested the USD 0.45 support level. The price is now trading in a range, with many hurdles on the upside, such as USD 0.480.
BNB declined below the USD 250 support zone and tested USD 240. It
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