Crypto Market December 17, 2021: Bitcoin price bounces above the USD 48,500 resistance. However, BTC is struggling to break the $ 49,500 mark. At 04:30 UTC, BTC is trading below $ 47,900 and threatens to drop below $ 47,000.

Likewise, most of the big altcoins also fall. ETH failed to break through $ 4,080 and fell below $ 4,000. XRP is struggling to stay above the USD 0.800 support. ADA is down 3% and could return to $ 1.22.

Cryptocurrency Market December 17, 2021: Bitcoin Price

After a fairly decent rally, Bitcoin price has encountered resistance near the $ 49,500 mark. BTC started another decline and traded below $ 48,500. The price has fallen nearly 3% and risks falling below the $ 47,200 support. The next big support is at $ 47,000, below which it may drop to $ 45,500.

On the flip side, the initial resistance is at $ 48,500. The main resistance is near the $ 49,500 zone above which the price could rise.

Cryptocurrency Market December 17, 2021: Ethereum Price

Ethereum price struggled to break the USD 4,080 resistance. ETH started another decline and was trading below the $ 4,000 support but is still trading above the $ 3,900 level. The next major support is near the $ 3,880 mark, below which the price can test $ 3,650.

Cryptocurrency Market December 17, 2021: ADA, BNB, SOL, DOGE and XRP prices

Cardano (ADA) is down 3% and is trading near $ 1.25. The next major support is near the $ 1.22 level. Any further losses will likely push the price towards the USD 1.20 support area.

Binance Coin (BNB) failed to test the USD 550 resistance. It’s trading near the $ 530 mark. If the bulls fail to defend the USD 525 support area, a test of the USD 510 level is likely in the near future.

Solana (SOL) tested $ 190 but fell below $ 180. A move towards $ 175 is possible while the next big support is near the $ 172 level.

DOGE cuts its profits and trades under $ 0.180. It looks like the price could drop to the $ 0.165 level. On further losses, the price can drop into the USD 0.150 support area.

The XRP price fell, nearing the $ 0.800 support. If it breaks below $ 0.800, a decline towards $ 0.780 is possible. The next big support could be near $ 0.750.

Cryptocurrency Market December 17, 2021: Another Altcoin Market

Several altcoins are up at least 5%, including YFI, CELO, LUNA, WAVES, AR, IOTX, BORA, MIOTA, CRV, HNT, LUNA and OMG. Meanwhile, LUNA is up 5% to close at $ 65, reducing its weekly loss to less than 3%. At the same time, IOTA is up 7%, testing $ 1.20 and increasing weekly profits to 3%.

Overall, Bitcoin price is hurting profits and trading below the 48,000 level. The main support is at $ 47,000, below which there is a risk of falling to $ 45,500.

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