Lower Correct Bitcoin, Ethereum, and Altcoins

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The price of Bitcoin has started a steady decline from the resistance of $ 48,000. BTC traded below the support levels of $ 46,500 and $ 45,500. It is currently (04:00 UTC) down more than 3% and could continue to fall towards $ 44,200.

Likewise, most of the major altcoins correct for earnings. ETH traded below the $ 3,110 support and even peaked below $ 3,000. XRP failed to stay above $ 1.20 and tested the $ 1.05 support. In addition, DOT and SOL also corrected yesterday’s gains.] Total market capitalization

Source: www.tradingview.com Bitcoin price

After closing below $ 46,500, the price of bitcoin continued its downward correction. BTC corrected below $ 45,500 and $ 45,000. It even broke through the support level of $ 44,500 and tested $ 44,200. The bulls were active at close to $ 44,200, but the price is now struggling to recover.

The first key resistance is near the $ 45,500 level. Major resistance is now forming near the $ 46,500 level, above which the price may revert to $ 48,000. Initial bearish support is near $ 44,500, below which the price could revisit $ 44,200.

Ethereum price

The price of Ethereum also followed a similar trend and fell below the support area of ​​$ 3,110. ETH is down 5% and it even peaked below the $ 3,000 support. The price has tested $ 2,950 and is now trying to recover. To enter a positive zone, the price must break through the resistance at $ 3,110.

If not, there is further downside risk below the $ 3,000 support. The next key support is near $ 2,950, followed by the pivot level of $ 2,880.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) fell sharply below the support levels of $ 2.12 and $ 2.05. He even broke the $ 2.00 support and tested $ 1.88. The price is down over 8% and it is struggling to climb back above $ 2.00. Key resistance is now forming near the $ 2.12 level.

Litecoin (LTC) was rejected near the $ 188 level. As a result, there was a bearish reaction below the $ 175 support. The price even broke $ 170 and tested $ 162. If there are further losses, the bears could aim for a test of the support area at $ 155 in the near term.

Dogecoin (DOGE) cut most of its gains and broke the $ 0.320 support. The price barely even stays above $ 0.300. It looks like the price may continue to fall towards $ 0.280. The next major support is near $ 0.265, where the bulls can appear.

The price of XRP is down 8% and is trading below the $ 1.15 support. It even tested the $ 1.05 level and is now consolidating its losses. To start a further rise, the price must break through the resistance levels of $ 1.15 and $ 1.20.

Other altcoins market today

Many altcoins are down over 10% including AUDIO, THETA, KSM, UNI, SHIB, ONE, HOT, SC, AAVE, and DOT. Of these, AUDIO is down more than 20% and is trading below the $ 2.80 level.

Overall, the price of bitcoin is correcting gains below the support levels of $ 46,500 and $ 45,500. If BTC extends its decline below $ 44,200, it could even revise $ 42,000 ._____

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