July 14th Cryptocurrency Market: Bitcoin, Ethereum and Altcoins Trends Turn Down

Cryptocurrency Markets July 14th by cryptonew: Bitcoin price is still in a bearish zone and has extended its decline below $ 32,500. BTC even broke the critical support area of ​​$ 32,200. It is currently (04:28 UTC) showing a bearish sign and a drop to $ 30,000 is possible.

Likewise, most of the major altcoins are traded in the red zone. ETH has fallen below $ 2,000 and is even trading below $ 1,900. XRP fell 5% and broke the key support area of ​​$ 0.60.

July 14th cryptocurrency market: Bitcoin price

For the past three sessions, Bitcoin price has fallen below $ 33,500 for the most part. BTC has broken several key supports near $ 32,200 and $ 32,000. It appears that the bears are gaining strength and may try to test $ 30,000. Any further losses could trigger a larger drop to $ 28,500 or even $ 28,000.

On the flip side, initial resistance is near the $ 32,500 mark. The first major resistance is currently forming near the $ 33,000 mark.

Cryptocurrency Market July 14th: Ethereum Price

Ethereum price fell sharply after breaking the $ 2,000 support. ETH even traded below $ 1,900 to move further into the bearish zone. The next major support is at $ 1,820, below which a short-term test of $ 1,750 is likely.

If it does recover, the price could encounter resistance near the $ 1,950 mark. Key resistance is currently forming near the $ 2,000 mark.

Cryptocurrency market July 14th: ADA, LTC, DOGE and XRP prices Giá

Cardano (ADA) is down 6% to break the USD 1.25 support area. ADA even tested the $ 1.20 level and is now showing bearish signs. If there’s a closing price below $ 1.20, the bears can test $ 1.12. The next big support is near the $ 1.05 level.

Litecoin (LTC) fell below the USD 130 and USD 125 support levels. If the bears remain active, there is a risk of falling to the $ 112 support. On the downside, the price encounters strong resistance at $ 132, above which a test of $ 140 is possible.

Dogecoin (DOGE) falls below the USD 0.20 support. It might even be difficult to hold above the USD 0.165 support area. The next big support is at $ 0.165, below which the price could test $ 0.152.

XRP price failed to hold above the important $ 0.600 support. It is currently nearing the $ 0.580 zone. It looks like the price could drop further and maybe even test the USD 0.550 support area.

Cryptocurrency Market July 14th: Another Altcoin Market

Many altcoins are down more than 10%, including ATOM, SNX, KCS, RUNE, THETA, AAVE, TFUEL, EOS, LUNA, MANA, ENJ, COMP, DOT, SC and MIOTA. Of those, ATOM is down 16% and is trading below $ 12. Meanwhile, AXS gained 13%.

Overall, Bitcoin price is hovering below the $ 32,200 region. If BTC prolongs its losses, it risks falling below the USD 30,000 support area in the short term.

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