Bitcoin and Ethereum Struggle To Gain Momentum, DOGE and SHIB Rally


bitcoin crypto currency

Bitcoin price spiked above the USD 21,650 resistance.

Ethereum tested the USD 1,720 resistance, and XRP is still struggling below USD 0.35.

DOGE and SHIB are up over 5%.

Bitcoin price started a minor recovery wave above the USD 21,500 level. BTC was able to clear the USD 21,650 resistance zone. It even spiked towards USD 21,900 and is currently (11:20 UTC) struggling to continue higher.

Similarly, most major altcoins are facing hurdles. ETH climbed above the USD 1,680 and tested the USD 1,720 resistance. XRP is still facing resistance near the USD 0.35 zone. ADA might soon test the USD 0.475 resistance.




Total market capitalization.


Bitcoin price

After a steady move above the USD 21,500 level, the bitcoin price extended its gains. BTC was able to clear the USD 21,650 resistance. It spiked towards the USD 22,000 level, but the bears remained in action. The price failed to test the USD 22,000 resistance and dipped a few points. On the downside, initial support is near the USD 21,500 level. The next key support sits near the USD 21,000 zone, below which the price could accelerate lower.

If there is another increase, the price may test the USD 22,000 resistance. The next resistance is near the USD 22,500 level, and the price might rise to USD 23,200.



Ethereum price

Ethereum price also climbed higher steadily above the USD 1,650 level. ETH even broke the USD 1,700 level and tested the USD 1,720 resistance zone. The next key resistance is near the USD 1,750 level, and the price could rise towards the USD 1,800 resistance zone.

If there is a downside correction, the price might find support near the USD 1,650 zone. The next major support is USD 1,620, below which the price could drop back to USD 1,550.


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