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Bitcoin and Ethereum At Risk of More Downsides
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Bitcoin price failed to recover above the USD 48,500 level. BTC extended decline below the USD 48,000 support. It is currently (11:30 UTC) trading below USD 40,000 and might decline further towards the USD 46,500 level.
Similarly, most major altcoins are trading in a bearish zone. ETH declined below USD 3,800 and the next key support is near USD 3,720. XRP may extend losses and test USD 0.82. ADA is struggling to stay above the USD 1.40 level.
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After a downside break below USD 48,500, the bitcoin price failed to start a decent recovery. BTC remained in a bearish zone and traded below USD 48,000. It is struggling to stay above USD 47,200. If there is a clear downside break, the bears might aim at USD 46,500. The next
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