Bitcoin and Ethereum Eye Recovery, Altcoins Stable

• Bitcoin price is consolidating near the $ 45,000 region.
• Ethereum is facing a major hurdle near $ 3,400, XRP is stuck below $ 1.12.
• The SOL is rising and could gain momentum if it topped $ 175.

Bitcoin price extended its decline below the $ 44,000 level. BTC even tested $ 43,500 before correcting up. The price is currently consolidating near $ 45,000 (04:26 UTC) and it looks like it could rebound towards $ 46,000 or even $ 46,500.

Likewise, most of the major altcoins could hold out the prospect of a short-term recovery. ETH tested $ 3,150 and is now trading over $ 3,300. XRP must clear $ 3,400 to start a steady wave of rallies. ADA faces resistance near $ 2.50 and $ 2.55.

Total market capitalization

Source: https://www.tradingview.com

Bitcoin price

Recently, Bitcoin price has extended its decline below the $ 44,500 and $ 44,000 levels. BTC even climbed below $ 43,500 before an upward correction occurred. It rebounded above USD 44,500 and began consolidating above USD 45,000. Immediate resistance to the upside is close to $ 45,500. The first major resistance is near the $ 46,000 mark, above which the bulls could gain strength.

On the downside, initial support is close to the $ 44,500 level. The next big support could be at $ 44,000, below which price could extend losses to $ 43,000 or $ 42,800.

Ethereum price

Ethereum price also followed a similar pattern, trading below $ 3,350. ETH broke the $ 3,200 support and tested $ 3,150. Now it is rising and trading above $ 3,300. On the flip side, the first major resistance for the bulls is at $ 3,360. The main barrier is now forming near the USD 3,400 mark.

If it continues to decline, the price could find bids near the $ 3,225 level. Further losses could lead the price towards USD 3,120.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) began another decline below the $ 2.50 support. The price even traded below the $ 2.35 support. The next big support is near $ 2.30, below which the price could test $ 2.20. On the flip side, the bears could stay active near the $ 2.50 and $ 2.55 resistance levels.

Litecoin (LTC) tested the USD 170 level before an upward correction set in. The price is back above $ 175 but encounters resistance at $ 180. The next major resistance is at $ 185 and $ 188. On the flip side, the price could find support at $ 172 and $ 165.

Dogecoin (DOGE) extended its decline below the USD 0.235 support. However, the bulls are still active above the $ 0.220 level. If there is a downside break below USD 0.220, the price could slide further towards the USD 0.200 support zone.

The XRP price has settled below the pivot level of USD 1.12. It is now trading well below $ 1.10. The main collapse support is still near the $ 1.00 level. A daily close below USD 1.00 could increase selling pressure in the short term.

Different Altcoins Market Today

Many altcoins are up over 5%, including MINA, SNX, QNT, CELO, ICX, PERP, ATOM, TEL, HBAR, XEC, XMR, SOL and AAVE. Of these, MINA recovered by over 20% and broke the 6.0 mark.

Overall, Bitcoin price is rebounding and trading above $ 45,000. However, BTC needs to exceed $ 46,000 to gain strength.

_____

Find the best price to buy / sell cryptocurrency:

source https://www.bisayanews.com/2021/09/14/bitcoin-and-ethereum-eye-recovery-altcoins-stable/