Crypto Market July 1 by cryptonew: Bitcoin price cannot hold above the USD 35,000 support area. BTC is moving down and trading just above the USD 34,000 support area. It is currently showing some bearish signs and could continue to fall if there is a significant break below $ 34,000.

Also, most of the big altcoins struggle to gain traction. ETH has bounced back above $ 2,250 but faces many hurdles. XRP / USD tested $ 0.65 and is now moving higher.

July 1st cryptocurrency market: Bitcoin price

After the bitcoin price was declined above $ 36,500, it began to decline again. BTC has broken the USD 35,000 support area and is now showing some bearish signs. Immediate support is near the $ 34,000 mark. If there is a suitable closing price below $ 34,000 there is a risk of a sharp decline. When this happens, the price may drop to the $ 32,200 support area.

Initial resistance is near the $ 35,000 area. The first major resistance is at $ 35,500, above which a rally to $ 36,500 is possible

Cryptocurrency Market July 1st: Ethereum Price

Ethereum price outperformed Bitcoin and climbed above $ 2,200 again. ETH broke the USD 2,250 resistance but there was no further movement. The price is currently consolidating near the $ 2,200 mark, with support near the $ 2,150 mark.

If it rallies again, the price could encounter resistance near $ 2,250. Key resistance is currently forming near the $ 2,280 and $ 2,295 levels.

Cryptocurrency Market July 1st: BNB, LTC, DOGE and XRP prices

Binance Coin (BNB) is currently consolidating below the $ 300 mark. The first big support is near the $ 280 level, below which it can slide towards $ 265. On the downside, the price is encountering resistance near the $ 300 mark. A closing price above $ 300 could lift market sentiment.

Litecoin (LTC) is falling to trade below $ 142. If there are further losses, LTC could find bids near the $ 135 mark. Conversely, a significant break above $ 142 could move the price towards $ 150.

Dogecoin (DOGE) is down 4%, even trading below the USD 0.250 support. It looks like the price could continue to fall to the USD 0.220 support. To get into the positive zone, the price has to settle above the USD 0.280 level.

XRP price extended its bearish momentum and tested the USD 0.650 support area. It is currently rising and trading near $ 0.675. Immediate resistance is close to $ 0.685. The main breakout resistance is near the $ 0.700 level, above which a pullback to $ 0.735 is possible.

Cryptocurrency Market July 1st: Another Altcoin Market

Many altcoins are up more than 5%, including MKR, XDC, COMP, CHIB, TEL, LUNA, XEM, SC, UMA, ENJ and AAVE. Of these, MKR rose 15% and even surpassed USD 2,700.

Overall, Bitcoin price is struggling to stay above the USD 34,000 support. If BTC falls below $ 34,000, there is a risk of a strong bearish wave.

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