Bitcoin Price Struggles, Ethereum Consolidates Ahead of Merge, CEL Rallies

cryptonews.com:

Bitcoin price failed to start a recovery wave above the $20,500 level. BTC is currently (02:50 UTC) consolidating near the $20,000 level. A downside break below $20,000 might start a major decline in the near term.

Similarly, most major altcoins are trading in a range. ETH is trading near $1,600 and might move as we approach the key merge event. XRP is consolidating near $0.335. ADA might attempt to clear the $0.48 resistance zone.

After a sharp decline, bitcoin price failed to recover and remained in a bearish zone below $20,500. BTC spiked lower and even traded towards the $19,500 level. It is now consolidating near the $20,000 level.  On the upside, the price is facing resistance near $20,250. The next major resistance is now near the $20,500 level, above which the price could start a decent increase.

On the downside, an initial support is near the $20,000 level. The next major support is near the $19,550 zone, below which the price could accelerate lower.

Ethereum price remained stable near the $1,600 level. ETH is showing a few positive signs, with an immediate hurdle near the $1,620 level. The next major resistance is near $1,650, above which the price may perhaps test $1,700.

If there is a bearish reaction, the price may perhaps decline towards the $1,550 support. The next major support is $1,500, below which price could revisit $1,420 in the coming sessions.

Cardano (ADA) settled below the $0.50 and $0.48 levels. It is now consolidating near the $0.465 level. If there are more losses, the price could decline towards the $0.45 level. Conversely, it might rise towards the $0.50 resistance zone.

BNB is facing sellers near the $280 and $282 levels. The next major resistance is near the $288 level, above which the price