- Bitcoin prices settled above the $40,000 level and trades near the $41,000 level.
- ETH failed to stay above the $2,600 level and struggles to trades near $2,650.
- BNB failed to surpass its $380 resistance level while SHIB rallied almost 24%.
Today, Bitcoin prices settled above the $40,000 level and trades near the $41,000 level. However, BTC struggles to stay near the $41,200 level. As of now, it is consolidating gains, trades at $40,279.51 with a 24-hour trading volume of 38,982,518,256 USD.
On another note, most of the major altcoins are correcting gains like Bitcoin. ETH failed to clear the $2600 level and stayed at $2550, while XRP trades around $0.90.
Furthermore, Bitcoin is down 0.04% in the last 24 hours with a market cap of $754,679,146,154. After a close above $40,000, its price tried to break above $41,200. Clearly, BTC struggled on two occasions to gain a pace above $42K levels. Immediate support is near $39,300 level while its main support is near $38,500 level. Meanwhile, its resistance is near $40,500 and $41,000 with a breakout zone forming near $41,200.
As for Ethereum, its price failed to stay above $2,600 level and it struggles to trades near $2,650. Thus, ETH started a downside correction below $2,600 and $2,550 levels. Any more losses can lead the prices towards $2,450 levels. On the other hand, its initial resistance is near $2550 level and major resistance is near $2,600. It can revisit its $2,640 in a few weeks.
Apart from this, Altcoins such as Binance Coin (BNB) failed to surpass its $380 resistance level. It is correcting gains and it’s possible to test the $365 support soon. More so, if there will be more losses, it might call for a move down to $350 level. Conversely, it might break above $280 and can move further to $400.
Several altcoins declined over 5% including KSM, DOT, TFUEL, ICP, NANO, BAKE, ZIL, SUSHI. Meanwhile, AMP, GRT, RUNE, and SHIB rise up by 6%-24%. In particular, SHIB rallied almost 24% while AMP specifically is up almost 18%.
Apart from this, XRP price spiked higher than its $0.90 resistance zone. Currently, is now trading above $0.85. DOGE though is stuck below $0.335 resistance level. If it moves above $0.335, DOGE price can test its major resistance of $0.350. Likewise, Litecoin (LTC) struggles to clear its $180 resistance zone. Right now, it is consolidating above $165. Overall, as long as BTC is trading above $28,500 and showing positive signs BTC above $40,000, there are chances of reaching above $41,200
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Source: https://coinquora.com/btc-trades-at-41k-level-eth-and-altcoins-correct-lower/
