Crypto Market December 20, 2021: Bitcoin and Ethereum Fall As XRP Gets Faster
Crypto market December 20, 2021: Bitcoin price failed to gain strength above the resistance level of USD 48,500. BTC began another decline and traded below $ 47,500. At 04:24 UTC, BTC is showing signs of bearish and risks another drop below $ 46,500.
Likewise, most of the big altcoins will fall. ETH failed to break above $ 4,100 and fell below $ 4,000. On the contrary, XRP started a new rally and broke the $ 0.90 level. ADA is down nearly 5% and could fall to $ 1.20.
Cryptocurrency Market December 20, 2021: Bitcoin Price
After a good recovery wave, Bitcoin price encountered resistance near the $ 48,500 mark. BTC began another decline and traded below $ 47,500. The price has fallen 2% and risks falling below the $ 46,500 support. The next big weekly support is near $ 45,500, with a potential drop to $ 43,000 below that.
On the flip side, the initial resistance is at $ 47,500. The main resistance is near the $ 48,500 region, above which the price can rise towards $ 50,000.
Cryptocurrency Market December 20, 2021: Ethereum Price
Ethereum price struggled to break the USD 4,100 resistance. ETH started another decline and traded under the $ 4,000 support. The price is moving down and testing the $ 3,900 level. The next major support is near $ 3,880 below which it is likely to fall to $ 3,650.
If it rises again, ETH could face resistance near USD 4,000. The next major resistance is near $ 4,100.
Cryptocurrency market December 20, 2021: ADA, BNB, SOL, DOGE and XRP prices
Cardano (ADA) is down 5% to trade near $ 1,232. The next major support is near the $ 1.22 level, below which there is a risk of moving towards the $ 1.20 support area.
Binance Coin (BNB) is falling, trading near $ 525. Immediate support is close to $ 520. A break below $ 500 could require testing of the $ 500 level.
Solana (SOL) fell below the USD 180 support. The next major support is near the $ 172 mark. If the bulls fail to defend the $ 172 support, a decline to the main weekly support at $ 165 is possible.
DOGE is falling and trading below $ 0.180. The next stop for the bears could be at $ 0.165. On further losses, the price can drop into the USD 0.150 support area.
XRP price outperformed, rising above the resistance level of $ 0.850. The price is up 9% and is trading above $ 0.90. The next big resistance is near $ 0.920, above which the price can test $ 0.965.
Crypto Market December 20, 2021: Another Altcoin Market
Several altcoins are up more than 5% including DCR, ONE, LUNA, AR, CEL and OKB. Of those, OHM rose 18% to break $ 410.
Overall, Bitcoin price is falling and trading below $ 47,500. The main support is at $ 45,500, below which the bears are likely to surface in the upcoming sessions.
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