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  • The bitcoin price fell over 6% and traded below $19,000.
  • Ethereum fell over 10% and traded below $1,320, XRP traded below $0.35.
  • ETC, EOS and RVN are down more than 15%.

Bitcoin price failed to stay above the key $19,500 support zone. BTC is currently (03:30 UTC) down more than 6% and trading below $19,000. It looks like falling ether prices are dragging bitcoin down and could push it towards $18,000 or $17,800.

Likewise, most major altcoins are gaining bearish momentum. ETH started a significant decline and traded below the $1,320 support. XRP is moving towards the $0.335 support. ADA may revisit the $0.42 support zone.

bitcoin price

After a bearish reaction below the $19,500 support, bitcoin price started a significant decline. BTC was down over 6% and there was a clear move below the $19,000 level. The price is now declining towards the $18,500 support zone. The next major support is near the $18,200 area, below which the price might even test the $18,000 support area.

Chart source: Tradingview

On the upside, the price faces resistance near $19,000. The next major resistance is now near the $19,350 level and a falling trendline on the hourly chart, above which the price may test the 50-hourly simple moving average.

Ether price

Ether price struggled to clear the $1,480 and $1,500 resistance levels. ETH fell sharply below the $1,400 level and the 50 hourly simple moving average. It even broke above the $1,320 level and tested the $1,280 support. The next major support is $1,250, below which the price could retrace to $1,200.

Chart source: Tradingview

On the upside, an immediate resistance is near the $1,325 level. The next major resistance is now forming near the $1,350 level.

ADA, BNB, SOL, DOGE and XRP prices

Gimbal (ADA) failed to break through the $0.50 resistance zone. It reacted lower and traded below $0.450. Any further losses could send the price towards the $0.42 support.

BNB is down more than 5% and there was a move below the $265 support zone. The next major support lies at $250, below which there is a risk of movement towards the $232 level in the near term.

Solana (SOL) is again moving towards the $30.00 support. If the bears stay in action, the price might even test the $28.50 level. Conversely, it could rise and test the resistance at $32.50.

DOGE traded below the key support level of $0.060. It is now down over 7% and the next major support is near the $0.0550 level. Any further losses could send the price towards the $0.0535 level in the next few sessions.

XRP Price is moving towards the $0.335 support zone. If the bulls fail to protect the $0.335 support zone, there is a risk of movement towards the $0.320 level.

Market of other altcoins today

Many altcoins are down more than 12%, including ETC, EOS, RVN, CRV, CEL, KSM, LDO, WAVES, AR, SNX, NEAR, and FLOW. Conversely, CHZ is up over 5% and showing positive signs above the $0.23 level.

Overall, bitcoin price is gaining bearish momentum below the $19,000 level. If BTC slides further, there is a risk of heading towards the $17,800 level in the near term.

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