BTC & ETH holder? 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 almost 2% in one day and up more than 3% in one week.

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

bitcoin price

After a failed attempt above $24,500, 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 companies in Brazil, accepts crypto payments. The next major support is found near the $22,500 area, below which the price may revisit $22,000.

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

Ethereum price

Ethereum price made another attempt to clear the $1,750 resistance zone. However, ETH failed to gain ground and started a downward correction below USD 1,700. The price is now trading near the $1,690 level and is almost unchanged in a day and up more than 5% in a week. See also: Here are 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 may drop to $1550.

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

ADA, BNB, SOL, DOGE, and XRP price

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

BNB broke above the resistance level of $288. It even reached the resistance level of $300, where the bears emerged. It is now moving in a range close to USD 285.

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

DOGE started a bearish correction below the USD 0.0700 support. If there are more losses, the price might drop towards the USD 0.065 support area.

XRP price gained ground above the $0.35 resistance zone. It even moved closer to the resistance of $0.40 before correcting lower. If the bulls stay in action, they might attempt a move above $0.40.

Other altcoins on the market today

A few altcoins are in the green zone, including DOT, SHIB, FIL, ICP, APE, HBAR, AAVE, BTT, MIOTA, WAVES, and STX. Of these, FIL rose 34%, breaking above the $11 level and taking its weekly gains to 93%. This is the best performance among the top 100 crypto-currencies by market capitalization today and in a week.

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

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

Thomas E.
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