In the past three sessions, Bitcoin price has traded in a small range below the $ 19,350 and $ 19,500 resistance levels. BTC also remained well supported near $ 18,800 and $ 19,000. The price is currently (05:00 UTC) showing no signs of a bullish breakout and could re-test the USD 19,000 support.
Likewise, there was no hack in most of the major cryptocurrencies, including Ethereum, Ripple, Litecoin, EOS, Link, BinanceCoin, Tron, Bitcoin Cash, and Cardano. The ETH / USD pair faces a strong hurdle near the $ 600 and $ 602 levels. XRP / USD has struggled to clear the $ 0.620 resistance and is slipping towards the $ 0.600 support.
Total market value
Bitcoin and cryptocurrency holders are still waiting ... 101
Source: www.tradingview.com
Bitcoin price
Recently, the bitcoin price tried to gain power over $ 19,350, but failed. Bitcoin struggled to test the $ 19,500 resistance and trimmed gains. The price is trading below $ 19,350 and could reconsider support for $ 19,000. The next major support area is near the $ 18,800 level.
To start a steady increase, price must first cross the $ 19,350 resistance. Main resistance remains near $ 19,500 USD, and above that the bulls may take control.
Ethereum price
Ethereum price has struggled to remove USD 600 resistance. Ethereum is moving slowly and is trading below $ 595. The first major support is located near the $ 585 level, below which the price might fall towards the $ 565 support zone.
On the upside, price should settle above $ 600-602. If this succeeds, the bears may target a strong bullish move towards the USD 620 and USD 625 levels in the short term.
The price of Bitcoin Cash, Litecoin and Ripple
Bitcoin Cash price is moving lower and is approaching the USD 280 support zone. If Bitcoin Cash slides below the $ 280 support, there is a risk of a further downside toward the $ 265 support. Conversely, a fresh increase towards USD 292 and USD 295 levels may encounter resistance. The main resistance is at $ 300.
Litecoin struggled to remove the major resistance at $ 86.50 and trim gains. Litecoin is now trading well below $ 85.00 and could reconsider support for $ 81.20. And any other losses that would push it towards the USD 80.00 support. To the upside, the price may gain strength if it breaks through $ 85.50 and $ 86.50.
Ripple's price failed to surpass the $ 0.620 resistance level. There was a slight bearish reaction and the price traded under $ 0.610. It is approaching the support level of $ 0.600, below which the price could steadily fall towards levels of 0.580 and 0.575 USD.
Other digital currency market today
In the past few hours, a few altcoins have started to ramp up well, including SNX, AMPL, HT, FIL, OKB, LSK and UNI. Of these, SNX is up 5% and may test the $ 5.50 resistance zone.
Overall, Bitcoin price remains stuck in a critical range below the $ 19,500 resistance. If Bitcoin continues to struggle, there is a high risk of a sharp drop below the $ 19,000 and $ 18,500 levels.