Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bears have seized the initiative again as the rates of most of the coins are falling.
BTC/USD
Bitcoin (BTC) has gone down by 2.48% over the last day.
On the daily chart, Bitcoin (BTC) keeps falling after the false breakout of the resistance level at $20,432. At the moment, traders should pay close attention to the $19,00 mark. If buyers lose it, the drop may lead to the test of the support level at $18,270.
Bitcoin is trading at $19,618 at press time.
ETC/USD
Ethereum Classic (ETC) is less of a loser than Bitcoin (BTC) with a drop of 2.45%.
From the technical point of view, Ethereum Classic (ETC) is looking bearish as the price is located close to the support level at $26.64.
Denys SerhiichukIf the candle closes near this mark, it might generate a sharp drop as the altcoin has accumulated enough strength for a further decline.
Ethereum Classic (ETC) is trading at $27.44 at press time.
Alex Dovbnya
Dan Burgin
Vladislav Sopov