BTC incurred losses during this past weekend and dropped below $20,000. It even reached a low of 17,500 USD before the appearance of the bulls. At present, it is trading close to $20,050.
Likewise, most altcoins are trying to make an upside correction. Ether is up by 14 percent and is trading close to the $1,100 level. Meanwhile, XRP has consolidated close to $0.300. Additionally, ADA is trading below $0.50 resistance.
Price of Bitcoin
The price of Bitcoin saw a steep decline after a love below the level of 20,000 USD. It reached the $17,500 zone prior to the bulls taking a stand. Bitcoin’s price is correcting higher now and trading close to $20,000. The positive thing is the 1st major resistance is close to the $20,500 level.
Meanwhile, the major weekly resistance is close to the $21,200 level. However, above this level, the price may see a steady rise. On the other hand, the initial support is close to the $18,500 zone. However, below this, its price might witness another drop.
Price of Ethereum
The price of ETH reached below the $1,000 level while trading close to $920. Ethereum is now trying to correct its losses and is trading at more than $1,050. Its price faces resistance close to the $1,120 level. However, the subsequent major resistance is close to $1,150. Above this, its price could increase to the $1,250 level. The crypto is still down about 26 percent in a week.