Bitcoin and Ethereum Remain At Risk, LUNA Nears Top 10

• Bitcoin price could fall again if it doesn’t stay above $ 45,500.
• Ethereum could extend losses below $ 3,400, XRP could revisit $ 1.00.
• LUNA is up over 28% and DOT is gaining pace over $ 30.

Bitcoin price is struggling to climb above $ 46,800 and $ 47,000. BTC is having a hard time staying above USD 46,000 right now (12:05 UTC). A break below this level and $ 45,500 could potentially trigger a bigger decline in the near future.

Similarly, most of the major altcoins struggle to start rising again. ETH failed to make up $ 3,500 and could extend its decline below $ 3,400. XRP is also moving down and could break below the USD 1.05 support. ADA is stable above $ 2.40 but faces many hurdles at $ 2.65.

Total market capitalization

Source: https://www.tradingview.com/

Bitcoin price

Recently, Bitcoin price saw a bearish reaction below the $ 46,500 level. BTC is now trading near the USD 46,000 zone. The next big support is at $ 45,500. Should the bulls fail to protect the $ 45,500 support zone, there is a risk of a sharp decline towards $ 44,000. Further losses could potentially push the price towards the $ 43,200 level.

Initial resistance is near $ 46,800. The first major resistance is at $ 47,000. The main hurdle is still $ 47,200 above which the bulls could gain strength.

Ethereum price

Ethereum price failed to cross the USD 3,500 resistance and is moving down. ETH struggles to stay above $ 3,400. If the day closes below USD 3,400, the price could slide further towards USD 3,200.

On the flip side, immediate resistance is near $ 3,480. The next major resistance is near the $ 3,500 level, followed by the important $ 3,550 zone.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) broke the $ 2.50 resistance and rose above $ 2.55. However, the bulls were unable to maintain strength above $ 2.60. As a result, there was another bearish reaction and the price fell below USD 2.50. If the bears stay in the action, the price could potentially move towards the $ 2.32 level.

Litecoin (LTC) is struggling to climb above the key resistance of USD 188. It is now trading below the $ 185 mark. If there is a downside break below the $ 180 level, the price could test the $ 172 level. On the flip side, the bears could stay active near the $ 188 level.

Dogecoin (DOGE) failed to stay above the $ 0.250 pivot level. It is moving down and could soon test $ 0.240. The next big support is near the $ 0.232 level, below which the price could slide towards the $ 0.220 level.

The XRP price is back below the USD 1.10 support. It is now approaching the USD 1.05 support. The main support is near the USD 1.00 handle. A close below $ 1.00 could put pressure on the bulls in the short term.

Different Altcoins Market Today

Many altcoins rose over 10%, including XTZ, ICX, LUNA, MINA, ATOM, ONE, ALGO, KSM, CRV, DOT, AVAX, and MIOTA. Of these, XTZ is holding profits above the $ 6.15 level while LUNA, now ranked 11th by market cap, is approaching $ 39.

To sum up, Bitcoin price is moving down and trading well below USD 47,000. If BTC breaks $ 45,500, it could see a sharp drop.

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source https://www.bisayanews.com/2021/09/12/bitcoin-and-ethereum-remain-at-risk-luna-nears-top-10/