RATE Group | Bitcoin and Altcoins Trading Near Make-or-Break Levels
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Bitcoin and Altcoins Trading Near Make-or-Break Levels

26 Dec Bitcoin and Altcoins Trading Near Make-or-Break Levels

Posted at 09:47h in Bitcoin News by

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In the past two days, there was an increase in selling pressure on bitcoin price below the USD 7,400 and USD 7,350 support levels. Moreover, BTC/USD traded below the USD 7,250 support and tested the USD 7,100. It is currently (09:00 UTC) trading near USD 7,200 and struggling to start a decent increase.

Similarly, most major altcoins are trading near important levels, including ethereum, XRP, bitcoin cash, litecoin, EOS, BNB, ADA, TRX and XLM. ETH/USD is consolidating near USD 125, with supports near USD 122 and USD 120. Besides, XRP/USD is struggling to climb above the USD 0.190 and USD 0.192 resistance levels.

Total market capitalization

Bitcoin and Altcoins Trading Near Make-or-Break Levels 101
Source: www.tradingview.com

Bitcoin price

After settling below USD 7,350, bitcoin price extended its decline. BTC/USD even broke the USD 7,250 support and tested the USD 7,100 support area. It is currently correcting higher and traded near USD 7,200. To start a decent increase, the price must climb above the USD 7,350 resistance area.
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