Bitcoin and Ethereum at decisive levels, Altcoin fight

Bitcoin’s price tested the $ 37,500 zone before climbing further. BTC is currently consolidating (12:18 UTC) near $ 38,000 and is facing many hurdles. To start a stronger rally, the bulls need to push the price above $ 39,000.

Likewise, most of the major altcoins are struggling to recover. ETH could resume its decline unless it breaks out of the $ 2,550 resistance zone. XRP could extend its decline below the $ 0.700 support zone.

Total market capitalization

cryptoshitcompra.com/wp-content/uploads/2021/08/Bitcoin-y-Ethereum-en-decisive-levels-fight-of-Altcoin.png »alt =» Bitcoin and Ethereum at decisive levels, Altcoin Struggle 101 ″ class = »Content-img» /> Source: www.tradingview.com

Bitcoin price

After a steady decline, the bitcoin price found support near the $ 37,500 level. Apparently, BTC is recovering and consolidating near the $ 38,000 level. On the upside, the $ 38,500 level represents immediate resistance. first key resistance is near $ 39,000, above which the price could rally towards the $ 40,000 hurdle. If there is no break to the upside above $ 39,000, there could be a further decline. first major support is near the $ 37,500 level. next major support is near the $ 36,800 level.

Ethereum Price

Ethereum’s price is also trading in a range close to the $ 2,500 level. On the upside, immediate resistance is near the $ 2,550 level. A close above $ 2,550 could increase the chances of a steady rally. next major resistance is now forming near the $ 2,600 level. On the downside, the price can remain stable near $ 2,450. Any further loss could trigger a drop towards $ 2,350.

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ADA, LTC, DOGE and XRP price

Cardano (ADA) has broken out of the $ 1.35 resistance zone. He tested the $ 1.38 level before cutting gains. re has been a break below $ 1.35, but the bulls can remain active near $ 1.32. next major bearish support is near the $ 1.30 level. Litecoin (LTC) is again below the $ 140 pivot level. price is approaching the $ 135 support zone. If there are additional losses, you can there should be a move towards the $ 130 level. Conversely, a break above $ 140 could initiate a steady rally towards $ 150. Dogecoin (DOGE) is struggling below the $ 0.200 support. first key support is near the $ 0.180 level. If the bulls fail to protect $ 0.180, there could be a dip towards $ 0.165. On the upside, the price may find resistance near $ 0.200 and $ 0.205. XRP price is consolidating above the $ 0.700 support zone. If there is a break below $ 0.700, the price could accelerate towards the support at $ 0.650. On the other hand, the bulls may be targeting a fresh break above $ 0.750.

Another altcoin market today

Some altcoins have exceeded 5%, including AXS, RVN, QNT, CELO, LUNA, KCS, ZRX, BAT, and RUNE. Of these, AXS rose more than 14% and broke the $ 40 level.

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Overall, the bitcoin price is locked below the key $ 39,000 resistance zone. If BTC breaks out of this zone, it could rise steadily. Otherwise, it could plummet to $ 37,000 ._____

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