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26.11 - 14:51
Bitcoin Testing USD 60K, Ethereum and Altcoins Trying to Recover
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Bitcoin price started a strong decline below the USD 62,000 support level. BTC even traded below USD 60,000 to move further into a bearish zone. It is currently (11:20 UTC) trying to recover and is nearing USD 60,300.
Similarly, most major altcoins are also trying to recover losses. ETH declined below the key USD 4,200 support zone, before returning above this level again. XRP is down almost 10% and it could even trade below USD 1.00. ADA is accelerating lower towards the USD 1.72 level.
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After a clear break below USD 65,000, bitcoin price extended decline. BTC traded below the USD 62,000 support level to enter a short-term bearish zone and declined below USD 60,000. If the bears remain in action, the price could
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