Crypto Market December 13, 2021: Bitcoin price tried to make a recovery wave above $ 50,800 but could not continue. At 04:27 UTC, BTC is trading near $ 48,800 with the main support at $ 48,500.

Similarly, most large altcoins struggle to recover. ETH could extend its losses if the price closes below $ 3,880. XRP trades below $ 0.850 and a test of $ 0.800 is possible. ADA is consolidating near the $ 1.30 level.

Cryptocurrency Market December 13, 2021: Bitcoin Price

After the slump, Bitcoin price managed to rebound from the USD 47,200 support level. There was clear movement above the $ 48,500 mark. The price, however, faces a major hurdle near $ 50,000. Closures above $ 50,000 and $ 50,500 could open the door to further gains. The next major resistance is near the $ 52,000 mark.

Immediate support on the downside is at $ 48,500. The next big support is near $ 47,200 below which further declines are possible.

Cryptocurrency Market December 13, 2021: Ethereum Price

The Ethereum price is supported near the $ 3,950 level. ETH is currently consolidating near the $ 4,000 mark. On the flip side, initial support is near the $ 3,950 mark. The next major support is near $ 3,880, below which the bears can gain strength.

If it rallies again, the price could encounter resistance near $ 4,120. The main weekly resistance is currently forming near the $ 4,250 level.

Cryptocurrency Market December 13, 2021: ADA, BNB, SOL, SHIB and XRP prices

Cardano (ADA) is down 4% to break below the $ 1,325 support. The next major support is near the $ 1.30 level. A significant move below $ 1.30 could perhaps push the price towards $ 1.20.

Binance Coin (BNB) is consolidating above the $ 550 level. Immediate resistance is near the $ 575 mark. The main weekly resistance is near the $ 600 mark, above which a steady rise could begin.

Solana (SOL) broke the USD 175 pivot level. Initial support is near the $ 165 mark. The next key level of support is at $ 150. Any further losses could move the price towards $ 132.

The SHIB is stuck near the $ 0.0000350 level. A bearish collapse can propel the price towards $ 0.0000320. If there is an upward correction, the price could encounter resistance near the $ 0.0000365 area. The next major resistance is near the $ 0.0000038 level.

The XRP price is trading below $ 0.850. Initial support is near the $ 0.820 level. If the bulls fail to defend $ 0.82 and $ 0.80, a decline towards $ 0.75 is possible.

Cryptocurrency Market December 13, 2021: Another Altcoin Market

Many altcoins are down more than 5%, including QNT, NEAR, EOS, DCR, GALA, BTT, IOTX, MATIC, WAXP and FLOW. In contrast, DOT, LUNA, and AVAX rose 4% to hit $ 61, $ 29, and $ 88, respectively. Of that, DOT and AVAX are now up at least 2% in a week, while LUNA is reducing weekly losses by 10%.

Overall, Bitcoin price is consolidating below the $ 50,000 mark. If BTC stays below $ 50,000, it risks moving towards the $ 45,000 support.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.