Cryptocurrency Market September 10 by cryptonew: Bitcoin price started trading in a range above the USD 46,000 support area. BTC tried to gain over $ 47,200 in strength but failed. It is currently consolidating at 04:23 UTC and could attempt another spike above $ 47,200 in the short term.
Similarly, most of the major altcoins consolidate in a row. ETH faces a difficult task near the USD 3,500 and USD 3,550 levels. XRP needs to peel off $ 1.15 to kick off a recovery wave. ADA is back above $ 2.50 but faces major resistance at $ 2.65.
Bitcoin price corrected lower after a rejection near $ 47,200. BTC is back below $ 47,000 but stable at $ 46,500. The first major support forms near the $ 46,000 mark. The next big support is at $ 45,500. A break below $ 45,500 could open the door for another pullback.
Immediate resistance is at $ 47,000. The main breakout zone remains near $ 47,200. A closing price above $ 47,200 could open the door to a steady rise.
The Ethereum price is consolidating above the $ 3,400 mark. On the flip side, the bulls are facing resistance near USD 3,500. The next major resistance is near the $ 3,550 level. If the bulls manage to break above $ 3,550, the price could initiate a stronger move towards the $ 3,680 level.
On the flip side, initial support is near the $ 3,420 level. The first major support is at $ 3,400, below which there is a risk of moving towards $ 3,300.
Cardano (ADA) gained traction, climbing above the $ 2.50 resistance. The price even rose above the $ 2.55 resistance, but there was no test of $ 2.65. To get into the positive zone and start a new rally, the price must cross the $ 2.65 resistance.
Litecoin (LTC) is stabilizing above the $ 180 mark. It even climbed above $ 185, but the bears defended the important $ 188 resistance. If there is a clear break above the $ 188 mark, a short term rally to the $ 200 mark is possible. Conversely, there is a risk of a move towards USD 172.
Dogecoin (DOGE) is consolidating above the $ 0.250 pivot level. On the flip side, there is an immediate hurdle near the $ 0.262 mark. The main breakout area is near $ 0.265, above which a rally into the $ 0.280 resistance area is possible.
The XRP price is back above the $ 1.12 resistance but still faces many hurdles. The first breakout zone is at $ 1.15. The next major resistance is near $ 1.20, above which price could begin to rebound towards the $ 1.30 and $ 1.32 levels.
Many altcoins are up more than 10%, including XTZ, ICX, ONE, CELO, ATOM, MINA, CRV, AVAX, KSM, DOT, ZIL, AR, WAVES and MIOTA. Of these, XTZ rose 40% and broke the $ 6.0 mark.
Overall, Bitcoin price remains stuck below the $ 47,000 and $ 47,200 resistance levels. If BTC can’t hold above $ 45,500, it could keep falling.
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