Bitcoin, Ethereum and Altcoins Decline Further

Last week, we saw a huge reduction in bitcoin below the support of US $ 6000. BTC / USD was in a bearish zone and this week was opened with negative tone. Price recently broke USD 5,500 and was sold newer than in 2018. Similarly, Etherium was under pressure to break the $ 175 support. Currently it (UTC 08:30 AM) exceeds 10% and it seems that the dealer is under $ 160. Both BBHBC and BVSV have fallen below US $ 250 and $ 100 respectively. The feeling of the current market is obviously slower and bitcoin in the coming session may seem to come down to $ 5000.

Bitcoin Price

Bitcoin price has dropped below US $ 5,600. BTC / USD has fallen below $ 5,550 and below US $ 5,400. A new 2018 height has been created near the USD 500 of 2013 and it seems that prices will continue for the near term.

The main weekly support level is $ 5,000, which has open space up to $ 4,400. Upward, at a price of $ 5,500 USD immediately, the price was raised to $ 55050. The original weekly resistance amount was $ 6,000, which was previously an important support.

Ethiopian value

In the last few hours, Ethiopian prices have declined and they are below US $ 170 and below US $ 160. Eth / USD is now down 13% to $ 155.

An instant support of 150 USD, below which the price can go down to 130 USD. In the upward spiral, the initial resistance amount is $ 170, above which a value of 180 USD can be examined. Buyers' main weekly hurdles are close to the USD 195 level.

Bitcoin cash and wave prices

Bitcoin cash coins both significantly below. BBCHBC is below 15% and it has traded below US $ 250 support recently. The next major support for buyers is around 200 USD. The BCHSV has collapsed and dropped to about $ 30 for about 30%. If this continues, then it can test 80 US dollars in the near term.

Liquid prices have been recently recovered, but buyers failed to keep up to $ 0.50 and US $ 0.505. XRP / USD followed by Bitcoin route at around 5%. Currently it is trading near 0.475 USD and it can study for $ 0.450.

Today the other altcoins market

The widespread and registered loss of 15% -20%, including many altcoins LRC, ICX, WAN, AION, ELF, SRN, VET, IOST and MKR, has been reduced. Of these, LRC dropped by 18% and ICX 17%.

Collectively, bitcoin and altcoins moved more into the red zone. BTC / USD may move slowly towards 5,000 USD and if the buyers fail to lose more then the price may be reduced. Likewise, Etherium must be above US $ 150 to avoid drop in contrast to USD 130 and USD 125 in the perfect future.

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