Bitcoin Trends Lower, Ethereum Fluctuates, APE Enters Top 70
Bitcoin price moved below USD 40,500 but it remained well bid above the USD 40,000 level. BTC could rise further if there is a clear move above the USD 41,550 level. It is currently (11:56 UTC) holding support and dips might be limited in the near term.
Similarly, most major altcoins are trading above important supports. ETH is stable and might surge further above USD 2,850. XRP is still struggling to clear the USD 0.80 level. ADA must clear USD 0.85 for a sustained move higher.
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In the past few sessions, bitcoin price remained in a positive zone. BTC could start a steady increase if there is a clear move above USD 41,250 and USD 41,550. The next key resistance is near the USD 41,850 level, above which the price might rise towards the USD 42,500 level in the near term.
Conversely, the price might extend decline below the USD 40,000 support. The next key support is near the USD 39,200 level, below which the price may perhaps test the USD 39,000 support zone.
Ethereum price is holding gains above the USD 2,750 level. If there is a daily close above USD 2,800 and USD 2,830, the price might start a steady increase. The next major stop for the bulls may perhaps be near the USD 3,000 level.
If there is a downside correction, the price might decline below USD 2,750. The next major support is near USD 2,700, where the bulls might take a stand.
Cardano (ADA) retreated lower from the USD 0.85 resistance zone. However, the price is still above the USD 0.80 level. If there is a downside break, the price could decline towards USD 0.75.
BNB might soon attempt an upside break above the USD 400 resistance zone. If the bulls succeed, the price could start an increase towards the USD 412 and USD 415 levels in the near
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