RATE Group | Bitcoin and Altcoins Trend Turning Bearish
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Bitcoin and Altcoins Trend Turning Bearish

10 Jan Bitcoin and Altcoins Trend Turning Bearish

Posted at 09:59h in Bitcoin News by

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Bitcoin price remained in a bearish zone and failed to stay above the key USD 8,000 and USD 7,850 support levels. BTC/USD is now closing in towards USD 7,700, below which the price could test the next major support near USD 7,550 in the coming sessions.
Similarly, most major altcoins turned red and declined further, including ethereum, XRP, bitcoin cash, litecoin, EOS, BNB, ADA, TRX and XLM. ETH/USD is now trading near the USD 135 support, with a bearish angle. XRP/USD is testing the main USD 0.202 and USD 0.200 support levels, below which it could decline.

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Bitcoin and Altcoins Trend Turning Bearish 101
Source: www.tradingview.com

Bitcoin price

After a failed upside attempt above USD 8,200, bitcoin price extended its decline. BTC/USD traded below the key USD 8,000 and USD 7,850 support levels to move into a bearish zone. It seems like the price might continue to slide and it could test the next major support near the USD 7,550 level, where the bulls are likely to emerge.
On the upside, the…

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