Cryptocurrency markets on July 13th: Bitcoin, Ethereum and Altcoins are all on the downside

Cryptocurrency Market July 13 by cryptonew: Bitcoin price failed to overcome selling pressure and remains below $ 35,000. As a result, BTC saw another drop below the $ 33,500 support. It’s showing some bearish signs right now (04:25 UTC) but the support at $ 32,200 holds the key.

Similarly, most of the major altcoins are slowly gaining bearish momentum. ETH has fallen below $ 2,100 and is currently struggling to hold out above $ 2,000. XRP could continue to fall if it closes below $ 0.600.

Cryptocurrency market on July 13th: Bitcoin price

Bitcoin price started a new drop after a failed attempt to free up $ 35,000. BTC traded below the USD 33,500 and USD 33,200 support levels. It even tested $ 32,650 and is now correcting the downside. Immediate resistance is near the $ 33,500 mark. The first major resistance is at $ 34,000, above which the bulls could make another attempt to break above $ 35,000.

On the flip side, initial support is near the $ 32,600 mark. Main support is at $ 32,200, below which a sharp drop is possible.

Cryptocurrency Market July 13th: Ethereum Price

Ethereum price also followed a similar path, falling below the $ 2,050 support. ETH tested $ 2,000 and is consolidating the losses. Initial resistance is near the $ 2,080 level. The first major resistance is currently forming near the $ 2,120 mark.

The main breakout support is near the $ 2,000 mark. A closing price below this level could trigger a sharp decline in the upcoming sessions.

Cryptocurrency Market July 13: BNB, LTC, DOGE and XRP prices

Cardano (ADA) is down 4% and even tested the $ 1.30 support. If the bears remain active, a test of $ 1.25 is possible. Any further losses could pull it back into the USD 1.20 support area. On the downside, the $ 1.35 level is a critical resistance level.

Litecoin (LTC) was able to hold out above the $ 130 mark. The next big support remains near the $ 125 mark. On the downside, the price faces tough resistance at $ 140. The main breakout resistance remains near the $ 150 mark.

Dogecoin (DOGE) is down 5% and tested nearly $ 0.200. If the daily close is below $ 0.200, a sharp drop is likely in the upcoming sessions. The next big support is near $ 0.180, below which the price could test $ 0.165.

The XRP price is falling and is even trading below $ 0.620. The main breakout support is near the $ 0.600 level. A closing price below $ 0.600 could trigger a larger drop and a drop to $ 0.520 is possible.

Cryptocurrency Market July 13th: Another Altcoin Market

Many altcoins are down more than 5%, including STX, SNX, NANO, FLOW, KCS, SUSHI, UNI, GRT, AMP, ICP, DCR, THETA, RUNE, COMP and TEL. Of these, the STX is down nearly 11% and is trading below $ 1.20.

Overall, Bitcoin price is moving back into negative territory below $ 33,500. If BTC can’t hold above $ 32,200, it could drop further to $ 30,000 in the near future.

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