Crypto market July 19 by cryptonew: Bitcoin price remains in a bearish zone below the resistance of $ 32,500. BTC is showing bearish signs right now (04:34 UTC) and could even drop further below $ 31,000. The main breakout support remains near the $ 30,000 mark.
Likewise, most of the big altcoins will fall. ETH is currently trading below $ 2,000 and could even trade below $ 1,800. XRP is also trading in the red below the $ 0.60 swing zone.
Bitcoin price remains in a bearish zone after closing below $ 32,500. BTC even leveled below the USD 32,000 support to move further into the bearish zone. Immediate support is near the $ 31,000 mark. A close below the $ 31,000 support could set the pace for a larger decline. In that case, the price could even drop below $ 30,000.
Immediate resistance to the upside is near $ 32,000. The main weekly resistance is now forming near $ 33,000 above which the price could rise.
Ethereum price has failed to hold above the USD 2,000 and USD 1,980 support levels. ETH has fallen below $ 1,920 and could continue to drop below $ 1,880. The next major support is near the $ 1,840 level, below which it is likely to fall to $ 1,750.
If it rallies again, the price could encounter resistance near the $ 1,980 mark. The main weekly resistance is currently forming near the $ 2,000 and $ 2,050 levels.
Cardano (ADA) has broken the key USD 1.20 support area. ADA accelerates losses and could even trade below $ 0.170. The next big support is near the $ 1,150 mark, below which there is a possibility of falling to the $ 1.10 mark in the short term.
Litecoin (LTC) traded below $ 120 to move into a bearish zone. LTC can break below the $ 115 support and continue to decline. In the aforementioned scenario, the bears can attempt to test $ 105 and $ 100, respectively.
Dogecoin (DOGE) settled below the $ 0.200 support. DOGE is showing bearish signs and is currently trading below $ 0.180. It looks like the price could even trade below $ 0.165. The next big weekly support is near $ 0.150, which is where the bulls may take a stand.
XRP price broke the USD 0.600 support and entered a bearish zone. The current price action suggests there are more cases below $ 0.580. The next major support is at $ 0.550. Any further losses could trigger a move towards the $ 0.500 level.
Many altcoins are down more than 5%, including AXS, RUNE, STX, SUSHI, FLOW, RVN, SNX, MANA, CHSB, HBAR and AVAX. Of these, AXS is down more than 15% and is trading below $ 17.50. Meanwhile, XEM and KLAY have increased by around 5 to 6%.
Overall, Bitcoin price is showing signs of falling below $ 32,500 and $ 32,000. If BTC can’t hold above $ 31,000 and $ 30,000, it could see a sharp drop in the near future.
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