Crypto market December 14, 2021: Bitcoin and major altcoins show downward signs

Crypto Market December 14, 2021: Bitcoin price failed to accelerate above the USD 49,200 resistance area. BTC began another decline and traded under the support of $ 48,000. It even broke the USD 47,200 support and at 04:18 UTC BTC continued to show bearish signs.

Similarly, most of the big altcoins are gaining declining momentum. ETH fell below $ 4,000 and fell below $ 3,800. XRP was trading below the critical support at $ 0.80. ADA fell nearly 7% and even tested the $ 1.20 support.

Cryptocurrency Market December 14, 2021: Bitcoin Price

Bitcoin price gained momentum after closing below $ 50,000. BTC traded below the USD 48,000 and USD 47,200 support levels. The price is currently consolidating near $ 47,100 and remains at risk of further losses. Immediate resistance is near the $ 47,500 mark. The next major resistance is near the $ 48,000 mark.

Immediate support on the downside is at $ 46,500. The next big support is near the $ 46,000 mark, below which it can fall to $ 45,000.

Cryptocurrency market December 14, 2021: Ethereum price

The Ethereum price has leveled off below the USD 4,000 support. ETH extended the decline and broke the critical support of $ 3,880. It even tested the $ 3,700 zone. If there are more losses the price can test $ 3,650. The next major support is near the $ 3,620 level below which the bears can test $ 3,500.

If it rallies again, the price could encounter resistance near the $ 3,800 mark. A major level of resistance is currently forming near the $ 3,880 level.

Cryptocurrency market December 14, 2021: ADA, BNB, SOL, SHIB and XRP prices

Cardano (ADA) is down nearly 7% to break below the $ 1.25 support. The next major support is near the $ 1.20 level. A clear closing price below USD 1.20 could push the price towards USD 1.12.

Binance Coin (BNB) is down nearly 6% and is now trading at $ 525. The main support is near the $ 500 mark. A closing price below $ 500 could set the pace for a steeper decline towards $ 450.

Solana (SOL) fell nearly 8%, breaking the $ 165 support. Initial support is near the $ 150 mark. Any further losses could move the price towards $ 142. On the flip side, the bulls could stay active near the $ 165 mark.

SHIB fell below the $ 0.0000350 level. It is currently approaching the $ 0.0000320 level. If the bears remain active, the price can test the $ 0.000030 zone. The next big support is near the $ 0.0000028 level.

The XRP price extends losses below the USD 0.820 and USD 0.800 support levels. Initial support is near the $ 0.780 level. Any further losses could open the door for a move towards the USD 0.750 support area.

Cryptocurrency Market Dec 14th 2021: Another Altcoin Market Today

Many altcoins are down more than 10%, including DCR, LRC, WAXP, TFUEL, CRV, BTT, GALA, FTM, KSM, BAT, MINA and ENJ. Of those, CRV is down 13% and trades below $ 3.40. Meanwhile, DESO is up 38%, topping the $ 128 mark. It also increased 29% in a week.

Overall, Bitcoin price trades below $ 48,000. If the BTC bears remain active, there is a risk of a short-term move towards the USD 45,000 support area.

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