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11.01 - 08:01
Bitcoin and Ethereum Extend Decline, BTT and MIOTA Rally
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Bitcoin price remained in a bearish zone below the USD 50,000 level. BTC extended decline below the USD 47,500 level before recovering higher. It is currently (04:19 UTC) trading near USD 48,000 and remains at a risk of more downsides.
Similarly, most major altcoins gained bearish momentum. ETH traded below the USD 3,800, while XRP tested USD 0.850. ADA extended decline and spiked below USD 1.40 before recovering.
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After a close below USD 50,000, bitcoin price extended decline. BTC broke the USD 48,500 support to move further into a bearish zone. The price even tested USD 47,400 and is currently consolidating losses. On the downside, an initial support is near the USD 47,400 level. The next major support is near USD
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