RATE Group | Bitcoin And Altcoins Stuck in Range Above Key Supports
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Bitcoin And Altcoins Stuck in Range Above Key Supports

04 Feb Bitcoin And Altcoins Stuck in Range Above Key Supports

Posted at 09:41h in Bitcoin News by

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After a steady rise, bitcoin price failed once again to stay above the USD 9,500 resistance. BTC/USD corrected lower and declined below the USD 9,400 level. It is now approaching a couple of important supports near the USD 9,250 and USD 9,200 levels.
Similarly, there was a downside correction in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD topped near the USD 195 level and declined below the USD 190 level. Conversely, XRP/USD is stable in a range above the USD 0.250 support area.

Total market capitalization

Bitcoin And Altcoins Stuck in Range Above Key Supports 101
Source: www.tradingview.com

Bitcoin price

After a short term spike above the USD 9,600 level, bitcoin price started a downside correction. BTC/USD traded below the USD 9,500 and USD 9,400 levels. It is now (09:00 UTC) trading near the USD 9,250 support. The main support is near the USD 9,200 level. If there is a daily close below USD 9,200, there is a risk of a larger drop below the USD 9,000 support.
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