Bitcoin and Altcoins Trading With Bearish Bias

In the past few sessions, there were mostly bearish moves in bitcoin price below the USD 10,200 and USD 10,000 support levels. BTC/USD tested the last swing low near USD 9,750 and it is currently (08:00 UTC) correcting higher. However, upsides are likely to face a lot of hurdles near the USD 10,150 and USD 10,200 levels. Likewise, there was a strong decline in major altcoins, including ethereum, ripple, BCH, EOS, ADA, BNB, TRX and XLM. ETH/USD settled below the USD 190 support and tested the USD 180 support. XRP/USD broke the key USD 0.270 support and it might slide towards the USD 0.250 support.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After a bearish break below the USD 10,200 support, bitcoin price accelerated its decline below USD 10,000. BTC/USD revisited the USD 9,750 support area and it is currently correcting higher. An immediate resistance is near the USD 9,980 and USD 10,000 levels. However, the main resistances are near the USD 10,150 and USD 10,200 levels.
If the price fails to recover above the USD 10,200 resistance, there could be a fresh decrease. The key support is near the USD 9,750 level, below which the price could decline towards the USD 9,500 support.

Ethereum price

Ethereum price extended its decline below the USD 190 support. ETH/USD tested the USD 180 level and it is currently trading near the USD 185 level. To climb higher, the price must surpass the USD 190 and USD 192 resistance levels.
If there is no upside break above USD 192, the price could revisit the USD 180 level. Any further downsides might open the doors for a push towards the USD 170 and USD 165 levels.

Bitcoin cash, eos and ripple price

Bitcoin cash price extended its decline below the USD 300 support level. BCH/USD tested the USD 288 level and it is currently correcting higher. However, the previous supports near USD 300 and USD 305 are likely to prevent gains. The main resistance on the upside remains near the USD 320 level.
EOS broke…

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