Bitcoin and Ethereum Print Bearish Pattern, WAVES Halves in a Week
Source: tradingview.com
Bitcoin price
After a minor recovery wave, bitcoin price struggled to test the USD 43,500 resistance. BTC started a fresh decline and it even broke the USD 42,000 level before going higher again. On the downside, an initial support is near the USD 41,500 level. The next major support is near USD 40,800, below which the price might test USD 40,000.
On the upside, the price could struggle to clear USD 43,000. The main weekly resistance is now forming near the USD 43,500 level, above which the price might start a stronger recovery. For now, BTC is down 9% in a week.
Ethereum price
Ethereum price attempted a clear move above the USD 3,300 resistance but failed.
On the upside, the USD 3,250 level is a short-term hurdle. The key resistance might be near the USD 3,300 level, above which the price may perhaps start a decent increase. ETH dropped almost 10% in a week.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (
BNB is back below the USD 420 support level and it may soon test the USD 405 level. The next major support is near the USD 400 level, below which there is a risk of a move towards USD 385.
Solana (SOL) traded below the USD 112 support zone. The next major support is near the USD 105 level, below which the bulls might even struggle to protect the USD 100 support zone.
Other altcoins market today
Many altcoins are down over 5%, including LUNA, AVAX, DOT, WAVES, NEAR, ATOM, LINK,
Overall, bitcoin price is showing bearish signs below the USD 42,500 level. If BTC fails to stay above USD 41,500, it might soon test the USD 40,000 support.