Bitcoin price gained momentum after stabilizing above the $ 40,000 resistance. As a result, BTC broke the $ 42,000 and $ 43,500 resistance levels. Currently (04:30 UTC) it is correcting lower, but the bulls can remain active even near $ 43,000.
Likewise, most altcoins correct earnings as well. Last weekend, ETH exited bitcoin and broke the $ 3,000 resistance zone. However, it fell 6% today, compared to 3% for BTC. XRP also rallied above $ 0.800 before correcting lower.
Total market capitalization
cryptoshitcompra.com/wp-content/uploads/2021/08/Bitcoin-y-Ethereum-corrected-the-profits-los-alcistas-permanecen-activos.png »alt =» Bitcoin and Ethereum earnings are correct, bulls remain active 101 ″ class = »content-img» /> Source: www.tradingview.com
Bitcoin price
After a close above $ 40,000, the price of bitcoin gained bullish momentum. BTC broke the next key hurdle at $ 42,000. Finally, there was a steady rise towards the $ 45,000 level. price rose to $ 45,400 before initiating a downward correction. re was a break below the $ 44,000 level. Initial bearish support is near the $ 43,000 level. first major support is near the $ 42,000 level, where the bulls could take positions.
Ethereum Price
Ethereum price remained in a bullish zone and broke the $ 3,000 resistance level. ETH even settled $ 3,100 and traded close to $ 3,200. It is now correcting earnings and trading below $ 3,000. Initial support is near the $ 2,880 level. next major support is near the $ 2,750 level, below which the price could test the major weekly support of $ 2,620.
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ADA, LTC, DOGE and XRP price
Cardano (ADA) broke the $ 1.40 resistance level and nearly tested the $ 1.50 zone. It is now correcting lower and is trading near $ 1.40. If there is a breakout below $ 1.40, the price could test the $ 1.35 support zone in the short term. Litecoin (LTC) broke the $ 150 and $ 155 resistance levels. However , the bulls failed to push the price above $ 160. It corrected below $ 150 and may even revisit the $ 142 support. next major support is near the $ 140 level. On the upside, $ 155 level is a pivot zone. Dogecoin (DOGE) rallied after breaking the $ 0.220 resistance zone. It even broke the $ 0.250 level and tested the $ 0.272 zone. price is now correcting lower, but the bulls can remain active near $ 0.220. Major support remains near $ 0.200. XRP price gained a pace above the $ 0.780 and $ 0.800 resistance levels. It even broke above $ 0.820 before dipping below $ 0.800. main bearish support is now forming near the $ 0.750 level, below which the bears can test $ 0.700.
Another altcoin market today
Many altcoins fell more than 5%, including FTM, NEXO, SHIB, SUSHI, AXS, QNT, OKB, XTZ, THETA, ZEC, ZRX, COMP, AVAX, and TEL. Meanwhile, CHZ, HOT, HNT and XDC increased by more than 5%.
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Overall, the bitcoin price is trading above the $ 42,000 and $ 40,000 support levels. overall price action suggests a potential for a further rally above the $ 45,000 resistance in the near term ._____
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