Bitcoin and Ethereum Look for Direction, XMR and CHZ Outperform

cryptonews.com:

Bitcoin price settled below the USD 21,200 pivot level. BTC is currently (11:49 UTC) consolidating near the USD 20,500 level and is down almost 4% in a day and up over 6% in a week. 

Similarly, most major altcoins are showing bearish signs. ETH is struggling and might break the USD 1,120 support. XRP is stuck near the USD 0.32 zone. ADA might drop sharper if there is a move below the USD 0.45 support zone.

Total market capitalization 

After a close below the USD 21,200 level, bitcoin price extended losses and settled below the USD 21,000 level. The bulls are now struggling to keep the price above USD 20,500 and USD 20,400. The next major support is near the USD 20,000 zone, below which the price could revisit the key support at USD 19,500. Any more losses might send the price to USD 18,800.

On the upside, the price might face resistance near the USD 21,000 level. The next major resistance is now forming near USD 21,200, above which the price might rise steadily.

Ethereum price settled below the USD 1,200 level to move into a bearish zone. ETH even traded just below the USD 1,150 support level and is down 3% in a day and up almost 7% in a week. The next major support is near USD 1,120, below which the price could gain bearish momentum and might even revisit the USD 1,050 level.

On the upside, the price might face resistance near USD 1,185. The next major resistance is at USD 1,200, above which the price could rise to USD 1,250.

Cardano (ADA) is consolidating near the USD 0.45 support. A downside break and a close below USD 0.45 might spark a sharper decline. The next major support is near the USD 0.42 level.

BNB tested the USD 230 support zone. The next major support is near the USD 222 level, below which there is a risk of a