Crypto markets September 9th: Bitcoin, Ethereum and important Altcoins are under resistance

Crypto Markets Sep 9 by cryptonew: Bitcoin price started a rally above the USD 45,000 resistance. BTC even climbed above $ 46,000 but struggled to break the $ 47,200 resistance. At 04:23 UTC, BTC is moving down and there is a risk of further declines.

Likewise, most of the major altcoins face resistance. ETH failed to break through $ 3,550 and is currently trading below $ 3,500. XRP tried to level off above $ 1.12 but failed. ADA faces resistance near $ 2.50 and $ 2.55.

Cryptocurrency Market September 9th: Bitcoin Price

After Bitcoin price closed above $ 46,000, it managed to break above $ 47,000. However, BTC failed to gain momentum above $ 46,800. It’s moving down and trading below $ 46,500. The immediate resistance is at $ 46,500. The first major resistance is near the $ 47,000 mark. The main hurdle remains near $ 47,200, above which the price could test $ 48,500.

Unless there is a breakout above $ 47,200, the price could start another decline. The main support is at $ 45,500, below which it is possible to drop to $ 44,000.

Crypto market September 9th: Ethereum price

Ethereum price rallied above the USD 3,500 resistance, but the bulls are facing strong resistance near USD 3,550. ETH failed to test $ 3,600 and fell. There was a break below $ 3,500. If the price can’t hold up above $ 3,400, it risks falling to $ 3,250.

On the flip side, initial resistance is near the $ 3,500 mark. The next major resistance is currently forming at $ 3,550.

Crypto market September 9th: ADA, LTC, DOGE and XRP prices

Cardano (ADA) attempted to settle above the $ 2.50 level. It rose to $ 2.55 where it faced sellers. The price started falling again and fell below $ 2.50. Initial support is near the $ 2.35 mark. For a break below $ 2.35, a test of $ 2.20 is possible.

Litecoin (LTC) climbed above the $ 185 resistance but failed to break above the key resistance of $ 188. As a result, there was another drop below $ 185. The price is currently consolidating near $ 180 and it can drop to $ 175. The next major support is at $ 172.

Dogecoin (DOGE) tested the USD 0.265 resistance where it encountered sellers. The price is currently trading at $ 0.250, below the price at which the bears can gain strength. The next big support is at $ 0.235, below which DOGE could revisit the $ 0.220 support in the short term.

XRP price tried to level above the $ 1.12 resistance but struggled. It was trading below $ 1.10 and is currently consolidating near $ 1.08. The first major support is at $ 1.05, followed by $ 1.00. Further losses could put the bulls under pressure.

Crypto Market September 9th: Another Altcoin Market

Many altcoins have recovered over 10% including ALGO, IOTS, NEAR, MINA, HBAR, AR, SOL, SHIB, EGLD, FTT, OMG, and FTM. Of these, ALGO rebounded more than 50%, breaking the $ 2.10 mark.

Overall, Bitcoin price is consolidating below the $ 47,000 and $ 47,200 resistance levels. When BTC drops below $ 45,500, it can drop lower.

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