CRYPTO NEWS - Market Going Down And in the Red Zone for the Moment
CRYPTO NEWS - Market Going Down And in the Red Zone for the Moment
00:05 Intro
01:48 Crypto News
03:17 Bitcoin News
04:32 Ethereum News
05:15 Bitcoin Technical Analysys
07:40 Ethereum Technical Analysys
08:01 Crypto Market News
10:09 Outro
After another pullback to the $48,000 area, bitcoin price began to fall again. BTC traded below the levels of $ 47,500 and $ 47,000. At the moment, the price is consolidating near the $46,000 level. Immediate support is near the $46,000 level. Critical support is around $45,500, below which there is a risk of a stronger drop.

On the other hand, there is an initial obstacle near $46,800. The first serious resistance is at the level of $ 47,000, above which the price can rise.

Cryptocurrency market on January 4, 2022: Ethereum price
The price of Ethereum has also started to fall below the $3,800 mark. ETH fell below $3,750 and retested $3,680 before bouncing back to $3,750. On the other hand, initial support is near the $3,700 mark. The main breakout support is at $3,680, below which a pullback to $3,600 is possible.

Immediate resistance is near the $3,780 level. The next major hurdle is at the level of $ 3,800, above which the price may try to break through the $ 3,850 level.

Cryptocurrency market January 4, 2022: ADA, BNB, SOL, DOGE and XRP prices
Cardano (ADA) has fallen nearly 3% to below $1.32. It is currently trying to bounce back, but if that fails, a sharp drop below $1.30 in the coming sessions could lead to an even bigger drop.

Binance Coin (BNB) is also down 3%, and the bears have dropped the price below $512. It is currently struggling to stay above the $500 mark. A closing price below $500 could trigger a steeper drop to $480.

Solana (SOL) has fallen below $170. The price is currently approaching the support level of $165. If the bulls fail to defend $165, a stronger drop is possible. On the other hand, bears may remain active near the $175 mark.

DOGE has fallen below the $0.170 mark. The price is gaining downward momentum and may soon return to the $0.165 level. The next major support is near the $0.162 level.

The XRP price has fallen and is approaching the $0.820 level. The next major support is near $0.80, below which the price could accelerate downward. On the downside, $ 0.85 is a huge hurdle.

Cryptocurrency market January 4, 2022: another altcoin market
Many altcoins are up more than 8%, including FTM, NEAR, SCRT, CRV, RVN, ALGO, AMP, ATOM, ROSE and LINK. Of these, FTM was up nearly 20% to $2.90, bringing the weekly gain to nearly 32%. Meanwhile, NEAR is up 22% in one day and 17% in one week and is now above $17.

Overall, the bitcoin price is falling and consolidating near $46,000. If BTC does not hold above $46,000, a more pronounced decline is possible in the short term.

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