Bitcoin Nears USD 20K, Ethereum Keeps Trimming Weekly Gains, Most Altcoins in Red

cryptonews.com:

Bitcoin price failed to start a stronger increase above the USD 21,200 level, started another decline, and traded below USD 21,000. It is currently (04:07 UTC) trading near USD 20,300 and is down 2% in a day and a week.

Similarly, most major altcoins are showing signs of more losses. ETH is struggling to stay above USD 1,150. XRP is now moving lower towards USD 0.32. ADA could dive towards the USD 0.455 support zone.

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After a bearish rejection above the USD 21,200 level, bitcoin price started another decline. The bears even pushed the price below the USD 20,500 level. On the downside, an initial support is near the USD 20,000 level. The next major support is near the USD 19,450 zone, below which the price could even test USD 18,800.

On the upside, the price might face resistance near the USD 20,650 level. The next major resistance is now near USD 21,000, above which the price could attempt a stronger increase.

Ethereum price also started another decline from the USD 1,220 resistance zone and is now struggling to stay above the USD 1,150 support zone. ETH dropped 3% in a day, trimming its weekly gains to 2%. The next major support is near USD 1,120, below which the price could even dive to USD 1,050.

On the upside, an immediate hurdle is near the USD 1,200 level. The next major resistance is near USD 1,250, above which the price could start a fresh increase.

Cardano (ADA) failed to stay above the USD 0.50 resistance. The price is moving lower and trading below USD 0.48. If there are additional losses, the price could even test the USD 0.455 level.

BNB failed to clear the USD 242 resistance zone. It is down almost 3% and trading below USD 230. If the bears remain in action, the price may perhaps decline