Cryptocurrency market September 14th by cryptonew: Bitcoin price extends its decline below $ 44,000. BTC even tested $ 43,500 before correcting up. At 04:26 UTC, BTC is consolidating near $ 45,000 and it looks like it could rebound towards $ 46,000 or even $ 46,500.
Likewise, most large altcoins can recover in the short term. ETH tested $ 3,150 and is currently trading above $ 3,300. XRP needs to get rid of $ 3,400 to start a steady wave of recovery. ADA faces resistance near $ 2.50 and $ 2.55.
Recently, Bitcoin price has extended its decline below the $ 44,500 and $ 44,000 levels. BTC even rose below $ 43,500 before a bullish correction. It rebounded over $ 44,500 and started consolidating over $ 45,000. Immediate resistance to the upside is $ 45,500. The first major resistance is near the $ 46,000 mark, above which the bulls could gain strength.
On the flip side, initial support is near the $ 44,500 mark. The next big support could be at $ 44,000, below which price could widen losses to $ 43,000 or $ 42,800.
Ethereum price also follows a similar pattern, trading below $ 3,350. ETH broke the $ 3,200 support and tested $ 3,150. It is currently rising and trading above $ 3,300. On the flip side, the first major resistance for the bulls is close to $ 3,360. The main hurdle is currently near the $ 3,400 mark.
If it continues to decline, the price could find bids near the $ 3,225 level. Any further losses could move the price towards $ 3,120.
Cardano (ADA) began to drop below the USD 2.50 support. The price even traded below the $ 2.35 support. The next big support is at $ 2.30, below which $ 2.20 can be tested. On the flip side, the bears could stay active near the $ 2.50 and $ 2.55 resistance levels.
Litecoin (LTC) tested the USD 170 level before an upward correction set in. The price is back above $ 175 but is encountering resistance near $ 180. The next major resistance levels are at $ 185 and $ 188. On the flip side, the price can find support at $ 172 and $ 165.
Dogecoin (DOGE) extended its decline below the USD 0.235 support. However, the bulls remain active above the $ 0.220 level. If there is a downside break below $ 0.220, the price may slide further towards the $ 0.20 support area.
The XRP price has settled below the pivot level of $ 1.12. It is currently trading below the $ 1.10 level. The main breakout support remains near the $ 1.00 level. A daily close below $ 1.00 could increase selling pressure in the short term.
Many altcoins gained more than 5%, including MINA, SNX, QNT, CELO, ICX, PERP, ATOM, TEL, HBAR, XEC, XMR, SOL and AAVE. Of these, MINA recovered by more than 20% and broke the 6.0 mark.
Overall, Bitcoin price is rebounding and trading above $ 45,000. However, BTC needs to break through $ 46,000 to gain strength.
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