Crypto Markets July 6: Bitcoin and Ethereum Hold Vital Support Co

Cryptocurrency market July 6, according to cryptonew: Bitcoin price began a downward correction below the $ 35,000 level. BTC even traded below $ 34,000, but the bulls defended the $ 33,200 support. Currently (04:27 UTC) is moving up and nearing the $ 34,500 level which could give the price a quick boost.

Aside from that, most of the big altcoins hold important props as well. ETH corrected below $ 2,250 but the bulls defended $ 2,200. XRP also holds the $ 0.65 support and could start a new rally.

July 6th cryptocurrency market: Bitcoin price

After bitcoin price struggled to hold above $ 34,000, it prolonged its decline. BTC even traded below the $ 33,500 support, but the bears struggled near the $ 33,200 mark. A new base appears to be forming above the $ 33,200 level. The price is currently bullish and is approaching the level of USD 34,500, above which a break above the USD 35,000 level is even possible.

Initial downside support is near the $ 33,500 mark. The major breakout support is now forming near the $ 33,200 mark.

Cryptocurrency Market July 6th: Ethereum Price

The Ethereum price corrected below the $ 2,300 mark. ETH even traded below $ 2,250 but found strong support near $ 2,200 and jumped above the $ 2,300 and $ 2,320 resistance levels.

Cryptocurrency Market July 6: BNB, LTC, DOGE and XRP prices

Binance Coin (BNB) is back above $ 300. If the BNB stays steady above $ 300, a steady spike to $ 325 is likely. Any further gains could pick up the pace towards $ 350. Conversely, the price could return to $ 280.

Litecoin (LTC) is consolidating near the $ 140 mark. Immediate support is near the $ 135 mark, below which the price could test $ 128. On the flip side, the key resistance remains at $ 150. A closing price above USD 150 could depress the price in the short term.

Dogecoin (DOGE) failed to break the $ 0.250 resistance area. It started another decline and traded below the $ 0.238 support before rising back above $ 0.242.

The XRP price holds the important support area of ​​$ 0.650. If XRP trades below $ 0.650 it could gain momentum. The next big support is near $ 0.620. Conversely, a move towards USD 0.700 is likely.

Cryptocurrency Market July 6th: Another Altcoin Market

Many altcoins are up more than 8%, including KCS, SNX, AAVE, COMP, SUSHI, EGLD, RUNE, LEO, LUNA and ATOM. Of these, KCS gained more than 45% and broke the USD 10 pivot level.

Overall, Bitcoin price is rising above the key support area of ​​$ 33,200. As long as BTC holds above $ 33,200, it could return to $ 35,000 or even $ 36,000 in the coming sessions.

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