Market

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.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.