Bitcoin price was able to recover above the USD 21,200 resistance zone but failed to stay in the positive zone and declined below USD 21,000. It is currently (04:04 UTC) trading above USD 20,300, with a risk of a downside break. BTC is down over 1% in a day and almost 9% in a week.

Similarly, most major altcoins failed to stay in the positive zone. ETH struggled above USD 1,150 and declined below USD 1,100. XRP is still consolidating near USD 0.320. ADA trimmed gains and traded below USD 0.480.

Total market capitalization

After a steady increase, bitcoin price was able to move above the USD 21,200 resistance. BTC even cleared the USD 21,500 level, but there was no upside continuation. The bears took a stand and pushed the price back below USD 21,200. On the downside, an initial support is near the USD 20,000 level. The next major support is near the USD 19,500 zone, below which the price could start a stronger decline.

On the upside, the USD 21,000 zone is an initial hurdle. The key barrier is now near USD 21,200 and USD 21,500, above which the price could gain bullish momentum in the near term.

Ethereum price also attempted an upside break above the USD 1,150 resistance zone. ETH spiked towards the USD 1,200 level, where the bears emerged. The price trimmed gains and traded below USD 1,100. On the downside, an immediate support is at USD 1,050. The next major support is near USD 1,000, below which the price could restart decline. ETH is down almost 4% in a day and 10% in a week.

On the upside, the price is facing resistance near the USD 1,150 level. The next major resistance is near USD 1,200, above which the price could start a stronger increase.

Cardano (ADA) spiked above the USD 0.50 resistance. However, it failed to stay