Bitcoin and Ethereum Increased Losses, ZEC and STX Rally
Bitcoin price moved into a bearish zone below the USD 40,000 level. BTC even extended decline below the USD 38,500 level before somewhat recovering. It is currently (04:40 UTC) showing bearish signs below USD 38,700 and still might extend losses.
Similarly, most major altcoins are trading in a negative zone. ETH is testing the USD 2,550 support zone. XRP managed to stay above the USD 0.72 support. ADA could extend losses below the USD 0.78 support.
Total market capitalization
After a close below USD 40,000, bitcoin price moved into a bearish zone. BTC extended decline and traded below the USD 39,000 level. If there is a downside break below USD 38,000, the price might revisit the USD 37,200 support. The next key support is near the USD 36,500 level, below which the price may perhaps decline to USD 35,500.
On the upside, the price might face resistance near the USD 38,800 level. The next major resistance is near the USD 39,250 level, above which the price might retest USD 40,000.
Ethereum price gained bearish momentum and is testing the USD 2,550 support zone and it may soon test the USD 2,500 support zone. If there is a downside break, the price could test USD 2,420. The next key support is near the USD 2,320 level, below which the price might revisit USD 2,250.
If there is a fresh increase, the price could face resistance near USD 2,600. The main resistance is now forming near the USD 2,650 level.
Cardano (ADA) declined below the USD 0.80 support zone. It is now consolidating near USD 0.78. If there are additional losses, the price might decline towards the USD 0.765 level.
BNB settled below the USD 380 level. The next major support is USD 365, below which the price might slide to USD 355. The main breakdown support is near
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