RATE Group | Bitcoin and Altcoins Consolidate Above Key Supports
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Bitcoin and Altcoins Consolidate Above Key Supports

25 Dec Bitcoin and Altcoins Consolidate Above Key Supports

Posted at 10:19h in Bitcoin News by

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Yesterday, we saw a fresh decline in bitcoin price below the USD 7,400 and USD 7,350 support levels. BTC/USD even traded below the USD 7,250 level and it is currently (09:00 UTC) consolidating losses above USD 7,100. To start a fresh increase, the price must climb above USD 7,350 and USD 7,400 in the near term.

Similarly, most major altcoins are trading above key supports, including ethereum, XRP, bitcoin cash, litecoin, EOS, BNB, ADA, TRX and XLM. ETH/USD is trading above the USD 125 support and it could revisit the USD 130 resistance. XRP/USD is consolidating near the USD 0.190 level and it is facing hurdles near USD 0.195.

Total market capitalization

Bitcoin and Altcoins Consolidate Above Key Supports 101
Source: www.tradingview.com

Bitcoin price

Recently, bitcoin price trimmed most of its gains and declined below the USD 7,350 support levels. BTC/USD even traded close to the USD 7,150 and USD 7,100 support levels. It is currently consolidating losses above USD 7,150 and it could correct higher. An initial resistance is near…

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