BTC price It’s made good gains this week, but for the third time it’s falling to depressing levels, and that’s demoralizing. Employment figures will not come tomorrow due to the closure, and despite this, the decline in the US markets negatively affected cryptocurrencies. So what’s the latest situation? What’s going on?
Bitcoin Decline and Altcoins
At the time of writing, BTC fell to $ 120,850 and after yesterday’s recovery, this has bad consequences for altcoins. SOL Coin has moved further away from the $235 threshold and is moving below $220. AVAX is very close to the $27 support. ADA Coin could decline to the $0.77 region. XRP Coin lost the $2.80 support and it might test $2.6. ETH is back below $4,400 and BNB Coin It finds buyers at $ 1,236, below the $ 1,250 threshold that it must protect for an increase.
DOGE once again slipped below the $0.255 bullish threshold. If BTC breaks below $120,400 and we start to see short closes there, we could see sales extending to $118,500 and $114,800. This situation brings about deeper bottom tests for most altcoins. Moreover, a significant part of them could not benefit sufficiently from the rise.
