Owner of BTC and ETH? Bitcoin and Ethereum consolidate gains, here’s what to expect in the coming days





Bitcoin price gained ground above the $ 24,000 resistance. However, BTC failed to test the USD 25,000 level and is currently (04:06 UTC) consolidating its gains near USD 23,350. BTC is down nearly 2% in one day and up over 3% in one week.

Likewise, most major altcoins are correcting lower. ETH struggled to stay above $ 1750 and corrected below $ 1700. XRP failed to break out of the $ 0.40 resistance zone. The ADA may attempt a further move towards the overhead resistance at $ 0.55.

bitcoin price

After a failed attempt above $ 24,500, the bitcoin price began a downward correction and traded below $ 23,500. On the downside, a first support can be found near the USD 23,200 level. See the article: Buying a house with bitcoin? Gafisa a real estate company in Brazil, accepts payments in cryptocurrencies. The next major support is near the $ 22,500 area, below which the price could revisit $ 22,000.

On the upside, an immediate hurdle is found at USD 23,650. The next major resistance could be USD 24,250, above which the price could attempt to move towards USD 25,000.

Ethereum price

The Ethereum price made another attempt to clear the $ 1,750 resistance zone. However, ETH failed to gain ground and began a downward correction below USD 1,700. The price is now trading near the $ 1,690 level and is almost unchanged in one day and up more than 5% in one week. See also: Here is the good news and plans that are pushing the price of Cardano (ADA) higher.. On the downside, a first support can be found near the USD 1,650 level. The next major support is near the $ 1620 area, below which the price could drop to $ 1550.

On the upside, the price could fight near $ 1,720. The next key resistance is found near the $ 1,750 level, above which the price could reach a new multi-week high.

ADA, BNB, SOL, DOGE and XRP price

Cardano (ADA) gained ground above the $ 0.52 resistance zone. It also attempted a move towards $ 0.55, but the bulls failed to push the price higher. On the same topic: Bitcoin (BTC): “One man’s pain is another man’s pleasure”, should you buy low?. It is now consolidating near $ 0.52.

BNB has broken out of the $ 288 resistance level. It even hit the $ 300 resistance level, where the bears emerged. It is now trading in a range close to USD 285.

Solana (SOL) broke out of the $ 42 resistance. It even broke above USD 45 before undergoing a downward correction. On the downside, the bulls may remain active near USD 40.

DOGE started a bearish correction below the USD 0.0700 support. If there are more losses, the price may fall towards the USD 0.065 support zone.

The price of XRP gained ground above the $ 0.35 resistance zone. It even approached the $ 0.40 resistance before correcting to the downside. If the bulls stay in the action, they may attempt a move above $ 0.40.

Other altcoins on the market today

Some altcoins are in the green zone, including DOT, SHIB, FIL, ICP, APE, HBAR, AAVE, BTT, MIOTA, WAVES, and STX. Of those, FIL increased 34%, surpassing the $ 11 level and taking its weekly earnings to 93%. This is the best performance in the top 100 crypto-currencies by market cap today and in a week’s time.

Overall, the bitcoin price is correcting its gains and is trading below $ 24,000. If BTC dips below $ 23,000, it could even revisit the $ 22,000 support.

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Be vigilant and consult your financial advisor before making any investment decisions. Mirror-Mag cannot be held responsible in case of bad investments. Before using any third party service, you should do your research.

Thomas E.
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