Market situation: Bitcoin and Atrium are bordering on price levels
After the price of Bitcoin fell and crossed the $ 20,500 support and even reached below the $ 20,000 level, the price was partially offset. Bitcoin is currently trading in the $ 20,200 range, which means that it has lost about one percent compared to yesterday and 10 percent compared to last week.
To Report Cryptonews, other market coins, are also trying to start their price recovery waves. Atrium is trading below $ 1,100 and the XRP is hovering around $ 0.320. Cardano also has a steady trend above its 0.45 support.
Bitcoin price
After a temporary price drop, Bitcoin is back above the $ 20,000 mark. Although there are many obstacles to its price; For example, its resistance of $ 20,500. The main resistance to the price of Bitcoin is around $ 21,000 and $ 21,200, and if the price closes above these levels, it will not be unlikely to reach the level of $ 22,500.
On the other hand, if the bitcoin trend declines again, the price will face its first support in the $ 20,000 area. The next key support is in the range of $ 19,500, and if the price crosses it, the price will accelerate.
Atrium prices
Atrium is no exception and is currently hovering above $ 1,050. If the trend for this digital currency is bullish, there is resistance around $ 1,120. The next key resistance is around $ 1,150 and crossing it can also be considered as crossing the $ 1,200 resistance. The price of Atrium has decreased by 2% compared to yesterday and 13% compared to the previous week.
If the atrium trend is downtrend, it will face the first support at $ 1,050 and the next support at $ 1,000, breaking which support could increase the downtrend.
The price of Altcoins
Cardano lost support at $ 0.465. Proponents of raising the price of Cardano, or so-called bulls in the market, are trying to maintain support at $ 0.45. Breaking this support could pave the way for $ 0.42 support.
The BNB is in the $ 220 range. Assuming the price is bullish, there are resistance levels in the $ 225 and $ 230 ranges. If you cross these resistances, it is possible to reach the $ 250 level.
The price of Solana is struggling with its $ 35 resistance. If the price trend is bullish, it is likely that in the $ 38 area, fans of price reductions or so-called market bears will start trading. The key resistance is in the $ 40 range, and crossing it could pave the way for the $ 50 area.
The Dodge Quinn is in the $ 0.0620 range. The first resistance is at $ 0.065, crossing which could increase the probability of reaching the $ 0.070 range.
The price of XRP (XRP) is fixed in the range of $ 0.32. If the $ 0.30 support is not protected and this support is lost, a price reduction will be more likely.
There are other coins in the digital currency market that have experienced more than 5% price increases. Among them, Paligan grew 21 percent to break above the $ 0.48 price level and achieved the best performance among the top 100 digital currencies in the market. The price of Paligan has increased by 12% compared to last week. In contrast, Digital View recorded its worst performance, falling 13 percent to $ 6.
Also read: Note: What are the differences between the current declining digital currency market and 2018?
In short, Bitcoin is trying to cross the $ 21,200 level; But if it fails to do so and returns below $ 19,500, a new downturn will ensue.