Bitcoin price failed to surpass the $20,500 resistance zone. BTC started a massive decline and traded below the $19,500 support. It is currently down 5% and it could decline further below $18,000. Similarly, most of the major altcoins have started a massive drop. ETH is down more than 8% and settled below $1,500. XRP traded below the $0.325 and $0.320 support levels. ADA erased gains and tested the $0.45 support.

Many altcoins fell more than 8%, including DOT, MATIC, AVAX, ETC, UNI, LTC, LINK, CRO, XMR, BCH, FLOW, ICP and EOS. Apart from these, ETC erased most of its gains and fell more than 15%.

Altcoins-10

Cardano (ADA) is near the $0.512 level. ADA reacted to the downside and broke the $0.48 support. It is currently approaching the $0.45 support and below it it could decline towards $0.420. BNB gained bearish momentum below the $272 support. There was a decline below the $265 support. If the bears stay active, the price could decline towards $250. Solana (SOL) is down more than 6% and it made a move below the $31.20 support. The main support is at $30.00, below which there is a risk of a drop towards $28. DOGE is down about 8% and it settled below the $0.060 support. If there are more losses, the price could test the $0.0565 level. XRP price settled above the $0.335 resistance zone. It is down more than 5% and traded below the $0.32 support. Key support is at $0.30.

bitcoin btc option

After many failed attempts, bitcoin price reacted to the downside below $20,000. BTC started a massive decline and traded below the $19,500 support. BTC is down more than 5% and there was a close below the $19,000 level. An initial support on the downside is near the $18,500 level. The next major support is near the $18,000 zone, below which the price could test $17,600. If there is an upside correction, the price could face sellers near $19,200. The next major resistance is currently forming near the $19,500 level.

Ethereum Eth-5

Ethereum price peaked near the $1,685 level. ETH fell sharply and traded below the $1,600 support. ETH is down more than 8% and settled below $1,500. An initial support on the downside is near the $1,450 level. The next major support is at $1,420, below which the price could decline below $1,350. On the upside, the bears could stay active near the $1,550 level. The next major resistance is near $1,600, above which the price could start a fresh increase.