Bitcoin and Ethereum Fluctuate Sharply, CAKE and CELO Accelerate

cryptonews.com:

Bitcoin price started a fresh increase from the USD 44,500 zone and even jumped above USD 47,300 before dropping sharply. It is currently (04:22 UTC) struggling near USD 46,000 and is unchanged in a day.

Besides, most major altcoins are also fluctuating. ETH climbed above USD 3,550 before dropping suddenly. XRP must clear USD 0.85 to revisit the USD 0.90 resistance, while ADA hovers near the USD 1.20 resistance.

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After a fresh increase, bitcoin price faced sellers near the USD 47,400 level and even dropped below the USD 46,000 support, before recovering. The next major support is near USD 45,500, below which the price might test USD 45,000. Any more losses may possibly send the price towards the USD 44,200 level.

On the upside, the price might face resistance near the USD 47,000 level. The main weekly resistance is near the USD 47,500 level, above which the price could start a move towards USD 50,000.

Ethereum price remained in a positive zone above the USD 3,400 level. ETH even climbed above the USD USD 3,550 level but dropped below USD 3,500 again. However, it’s still up 1% in a day. The next major support is near the USD 3,420 level, below which the price could decline to USD 3,300.

On the upside, the price might struggle near USD 3,580. The next key resistance might be near the USD 3,650 level, above which the price may perhaps rise to USD 3,800. 

Cardano (ADA) is now consolidating below the USD 1.20 level. To start a fresh increase, the price must settle above USD 1.20. The next key resistance is near USD 1.245.

BNB made an attempt to clear the USD 450 resistance zone. However, it faced sellers near USD 454 and USD 455. It is now consolidating below USD 450.

Solana (SOL) rallied above the USD 125