RATE Group | Bitcoin and Altcoins Gaining Bearish Momentum
72342
post-template-default,single,single-post,postid-72342,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin and Altcoins Gaining Bearish Momentum

17 Dec Bitcoin and Altcoins Gaining Bearish Momentum

Posted at 10:33h in Bitcoin News by

[ad_1]

In the past two sessions, there was a sharp rise in selling on bitcoin below the USD 7,200 support. As a result, BTC/USD declined heavily and broke the main USD 7,000 support area. It tested the USD 6,850 support and is currently (09:00 UTC) consolidating losses.
Also, there was a nasty decline in most major altcoins, including ethereum, XRP, bitcoin cash, litecoin, EOS, BNB, ADA, TRX and XLM. ETH/USD is down more than 5% and it broke the USD 135 support. XRP/USD is also down close to 8% and it tested the USD 0.1950 support. The crypto market is struggling and there are chances of more downsides.

Total market capitalization

Bitcoin and Altcoins Gaining Bearish Momentum 101
Source: www.tradingview.com

Bitcoin price

After a close below USD 7,200 bitcoin price gained bearish momentum below USD 7,050. BTC/USD broke the USD 7,000 support area to move further into the red zone. It tested the USD 6,850 support and is currently consolidating losses. On the upside, the previous supports near USD 7,000 and USD 7,050 are now likely to…

[ad_2]

Source link

Tags:
, , , ,