Cryptocurrency market July 15th: Bitcoin and Ethereum try to recover and encounter barriers

Cryptocurrency Market July 15th by cryptonew: Bitcoin price has started a decent upward move above the pivot area of ​​$ 32,200. BTC even climbed above $ 33,000 but failed to hold above that level and is currently (04:35 UTC) showing signs of a decline below $ 32,800.

Similarly, most of the major altcoins are also trying to recover. ETH rose 5% and even surged above the $ 2,000 resistance before falling again. XRP has settled above $ 0.600 but is struggling to gain pace above $ 0.620.

July 15th cryptocurrency market: Bitcoin price

After Bitcoin price extended bearish momentum, it found support at $ 31,550. BTC has initiated an upward correction above the $ 32,200 and $ 32,500 levels. The price even traded above the $ 33,000 level, but the bears defended the $ 33,200 resistance area. The first major resistance remains at $ 33,500, above which a steady rise is likely.

On the flip side, initial support is near the $ 32,200 mark. The first major support is at $ 32,000, below which the price could trade below $ 31,550.

Cryptocurrency market on July 15th: Ethereum price

Ethereum price found strong buying interest near the $ 1,860 level. ETH climbed above the $ 1,940 and $ 1,950 resistance levels. It even surged above $ 2,000, but the bulls are facing strong selling interest near $ 2,050.

The price struggles to level off above $ 2,000 and is moving down. If it falls below $ 1,925, the price could accelerate the decline.

Cryptocurrency market July 15th: ADA, LTC, DOGE and XRP prices Giá

Cardano (ADA) soared after breaking the $ 1.25 resistance but failed to test $ 1.30. The price has detracted from gains and is currently consolidating at $ 1.25. The main support on the downside is currently forming at $ 1.22.

Litecoin (LTC) was able to hold out above the $ 125 support. It is currently facing resistance near the $ 132 mark. The main resistance to a major rally is currently near the $ 140 mark. If it falls again, the bulls could struggle to maintain the USD 125 support area.

Dogecoin (DOGE) tested $ 0.188 and is currently consolidating in a range. Immediate resistance is near the 0.200 mark. The first major hurdle is at $ 0.212. The next major resistance is near $ 0.220, above which a rally to $ 0.250 is possible.

The XRP price has settled above the $ 0.600 pivot level. However, the price is encountering resistance near $ 0.620. A closing price above $ 0.620 could push the price toward $ 0.650. Otherwise, the loss can be extended up to $ 0.580.

Cryptocurrency market on July 15th: Other altcoin markets

Many altcoins are up more than 8%, including AXS, ENJ, MANA, BAKE, FLOW, CHZ, COMP, QNT, SOL, RUNE, SEE and DGB. Of these, AXS gained 37% and broke the $ 25 mark.

Overall, Bitcoin price is attempting an upward correction above $ 32,500. However, BTC needs to level off above $ 33,000 and $ 33,200 to continue rising in the short term.

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