Cryptocurrency market September 20: Bitcoin, Ethereum and Altcoins continue to fall in price

Crypto Market September 20 by cryptonew: Bitcoin price failed to break the USD 48,500 resistance area. As a result, BTC fell below the 47,000 mark. At 04:26 UTC, BTC fell 5% and even broke the USD 46,000 support area.

Similarly, most of the big altcoins are gaining declining momentum. ETH has fallen below the $ 3,300 and $ 3,220 support levels. XRP is gaining below $ 1.02 and $ 1.00 in bearish momentum. ADA is down 9% and is trading below $ 2.20.

Cryptocurrency Market September 20th: Bitcoin Price

After another setback near $ 48,500, Bitcoin price reacted with a sharp downward move. BTC traded below the $ 47,200 and $ 47,000 support levels. The bears have grown in strength and may push the price below $ 46,000. On the flip side, the immediate support is at $ 45,200. The first major support is at $ 45,000, of which $ 43,500 can be tested.

Initial upside resistance is near the $ 46,200 mark. The main weekly resistance is currently forming near $ 47,200 (the previous support area).

Cryptocurrency Market September 20th: Ethereum Price

Ethereum price also followed a similar pattern, plunging below $ 3,350. ETH even fell below the $ 3,220 and $ 3,200 support levels and is now down 7% in one day. The next big support is near $ 3,150 and $ 3,120, below which the price could test the $ 3,000 support.

On an upward correction, the price could encounter resistance near $ 3,250. The first major resistance is currently forming near $ 3,350.

Crypto market September 20: ADA, LTC, DOGE and XRP prices

Cardano (ADA) failed to hold above the USD 2.40 support and went down. It fell 9% and the bears pushed the price even below the $ 2.20 support. The next big support is near the $ 2.05 level, below which there is a risk of falling below $ 2.05.

Litecoin (LTC) failed to test the $ 200 level and began to fall. The price traded below the USD 180 and USD 172 support levels. It is currently approaching the $ 165 support level. Any further losses could lead the price towards $ 155.

Dogecoin (DOGE) is also down more than 7%, breaking the USD 0.232 support. It is currently trading near the USD 0.220 support. Any further losses could potentially require a move towards the $ 0.200 level. Conversely, an upward correction towards USD 0.235 is possible in the short term.

XRP price gained bearish momentum after breaking the USD 1.05 support level. The price is even trading below $ 1.00 and is now showing signs of bearish bias. The next major support is at $ 0.950, below which the bears can test $ 0.880.

Crypto Market September 20th: Another Altcoin Market

Many altcoins are down more than 10%, including LUNA, EOS, HBAR, SOL, ICX, RUNE, EGLD, WAVES, ONE, BSV, XDC, AR, QNT and MIOTA. Of those, LUNA is down 14% and is trading below $ 31. Meanwhile, CELO rebounded 12% and broke above $ 6.00 before correcting down again. The price is now up 19% in a week.

Overall, the Bitcoin price is gaining momentum below $ 46,000. If BTC fails to stay above $ 45,000, it could accelerate downward in the coming sessions.

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