Bitcoin and Ethereum Trend Lower, Best Performing Altcoins Trim Gains

cryptonews.com:

Bitcoin price is back below the USD 19,500 support zone. It is currently (11:44 UTC) consolidating near USD 19,200 and is almost unchanged in a day and down 7% in a week. Earlier today, BTC ested USD 20,500.

Similarly, most major altcoins are struggling to recover losses. ETH is nearing USD 1,000 again while XRP might revisit the USD 0.30 support zone. ADA is back below the USD 0.45 pivot level.

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After a recovery wave earlier today, bitcoin price struggled to clear the USD 20,500 resistance. BTC formed a top and declined below USD 20,000. It even moved below the USD 19,500 level. On the downside, an initial support is near the USD 18,800 level. The next major support is near the USD 18,500 zone, below which the price could gain bearish momentum in the near term.

On the upside, an immediate resistance is near the USD 19,500 level. The next major resistance is now near USD 20,000, above which the price could revisit the USD 20,500 resistance zone.

Ethereum price managed to stay above the USD 1,000 support. However, ETH is now moving lower below USD 1,050. It is still up 3% in a day and down 8% in a week. On the upside, an immediate resistance is near the USD 1,065 level. 

If there is no upside break, the price might dive below the USD 1,000 support zone. The next major support is near USD 920, below which the price could test the USD 880 support.

Cardano (ADA) failed to stay above the USD 0.45 support and moved into a bearish zone. The next major support is near USD 0.432, below which the price may perhaps decline towards the USD 0.420 level.

BNB is moving lower and trading below the USD 220 level. If the bears remain in action, the price could even test the USD 212 level. Any more losses could send the