Bitcoin and Ethereum Stuck Near Key Levels, Altcoins Struggle

cryptonews.com:

Bitcoin price is struggling to gain momentum above USD 30,000 and is currently (11:46 UTC) trading near USD 29,850 while holding the key USD 29,000 support. A downside break below USD 29,000 could start a stronger bearish wave. BTC is down 2% in a day and 3% in a week.

Similarly, most major altcoins are struggling to start a fresh increase. ETH could gain bearish momentum if it trades below USD 1,980. XRP might decline below the USD 0.40 level and ADA might test the USD 0.52 support.

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In the past few sessions, bitcoin price remained in a broad range above the USD 29,000 zone. BTC is facing a key barrier near the USD 30,500 level. The next key resistance is near the USD 31,200 and USD 31,500 levels, above which the price might gain pace. In this case, the price could rise towards the USD 32,200 resistance zone.

On the downside, an immediate support is near the USD 29,200 level. The next major support is near the USD 29,000 level, below which the price could start a stronger decline. 

Ethereum price is facing an uphill task above the USD 2,050 level. If there is a bearish reaction, the bulls might try to protect the USD 2,000 and USD 1,980 support levels. A downside break and a close below USD 1,980 might start a sharper decline. ETH is down almost 3% in a day and 13% in a week.

On the upside, an immediate resistance is still near the USD 2,080 level. The main breakout zone for a steady increase is now forming near the USD 2,120 level.

Cardano (ADA) is stuck near the USD 0.550 pivot level. The next major support is near USD 0.52. The main support is near USD 0.50, below which there is a risk of a stronger bearish wave.

BNB is fluctuating around USD 300. If the bears clear the USD 288 support zone, there