Bitcoin price climbed above the $37,000 level but failed to rise further. BTC trimmed gains and traded below $36,500. At the time of writing, it is trading at $ 36,351.

Similarly, most major altcoins are consolidating below resistance. ETH failed to clear the $2,500 resistance and declined. XRP could continue to decline if there is a daily close below $0.580. ADA, on the other hand, failed to break through the $1.08 resistance zone.

BITCOIN PRICE

After another spike, bitcoin price surpassed the $37,000 level. However, BTC struggled to surpass the $37,500 resistance zone. As a result, there was a drop below $37,000. The price is currently consolidating near the $36,500 level. The next major support is near $35,500, below which the price could start a fresh decline. On the upside, the price is facing resistance near the $37,200 level. The next major resistance is near $37,500, above which the price may attempt a move above $38,000.

BTCUSD_2022-01-28_16-33-23

ETHEREUM PRICE

Ethereum price struggled to surpass the $2,500 resistance zone. As a result, ETH dropped below $2,400. On the downside, an initial support is near the $2,350 level. The next major support is near $2,320, below which the price could test $2,220. If there is a fresh increase, the price may face resistance near $2,500. The next key resistance is near $2,550, above which the price could rise towards $2,650.

ETHUSD_2022-01-28_16-33-36

ADA, BNB, SOL, DOGE and XRP PRICE

Cardano (ADA) rallied towards the $1.08 resistance where it faced sellers. A bearish wave was seen and the price settled below $1.05. If the bears stay active, the price could decline towards the $1.00 level.

Binance coin (BNB) is up 3% and it made a clear move above the $385 level before correcting again towards $380. It could also correct lower towards $365.

BNBUSD_2022-01-28_16-33-50

Solana (SOL) struggled to surpass the $95 level. The price declined below the $90 level. The next key support is near the $85 level, below which the price could decline towards $76.

Dogecoin (DOGE ) is declining again towards the $0.135 support. On the upside, the price is facing resistance near the $0.145 level. The next resistance is near the $0.150 level.

XRP price is struggling to stay above the $0.600 level. The next major support is near the $0.580 level. A close below $0.580 could push the price towards the $0.550 level.

XRPUSD_2022-01-28_16-34-16

Latest situation in other altcoins

A few altcoins, including BAT, MKR, and FTT, were up at least 3%. On the other hand, most altcoins in the top 100 fell more than 3%. ATOM is down 10% to hit the $28 region, extending its weekly losses to 26%, while LUNA is down 19% to almost $49. LUNA is down 32% in one week.

To summarize, bitcoin price is facing strong resistance near $37,500 and $38,000. If there is no upside break, the price could decline towards $34,000.