Bitcoin and Ethereum Struggle to Recover, AR and RUNE Accelerate

cryptonews.com:

Bitcoin price settled below the USD 20,000 support zone. BTC is currently (04:05 UTC) consolidating near USD 19,100 and is down 1% in a day and 9% in a week.

Similarly, most major altcoins are trading below key support levels. ETH is well below USD 1,100 while XRP is struggling below USD 0.325. ADA could extend losses and test USD 0.42.

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After another failure above USD 19,500, bitcoin price started a fresh decline. BTC remained in a bearish zone below the USD 19,200 level. The price is now consolidating near USD 19,100, with an immediate resistance near the USD 19,350 level. The next major resistance is now near USD 19,500. The main weekly resistance is at USD 20,000, above which the price could continue to rise.

On the downside, an initial support is near the USD 19,000 level. The next major support is near the USD 18,800 zone, below which the price could start a stronger decline.

Ethereum price attempted a recovery wave but failed to surpass USD 1,100. ETH moved lower and retested the USD 1,000 support. It is now consolidating near USD 1,050, with an immediate resistance near the USD 1,060 level. The next major resistance is near USD 1,100, above which the price could start a stronger recovery wave. ETH is down 1% in a day and 12% in a week.

If there is no recovery wave, the price might dip below USD 1,000. The next major support is near USD 950, below which the price could revisit USD 880.

Cardano (ADA) failed to clear the USD 0.48 and USD 0.50 resistance levels. The price is now trading below USD 0.45 and might continue to move down towards the USD 0.42 support zone.

BNB is trading well below the USD 225 pivot level and is struggling to stay above the USD 212 support zone. A clear move below the