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.
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.
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.
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.
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.
Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.
Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.
The crypto industry campaign spent $135 million supporting over 50 U.S. election candidates in 2024,…
Major investors are heavily purchasing specific tokens they think have great development potential when huge…
Crypto is still shaking up the financial world, and the latest players in this space…
Discover why BlockDAG (BDAG) is emerging as a strong competitor to Kaspa (KAS) with its…
With financial inclusion and customer-first on top of mind, founded in 2018, BitMart is a…
Finding the best crypto to join right now can feel like searching for a gem…
This website uses cookies.