The price of Bitcoin seems to be facing significant resistance near the levels of USD 34,000 and USD 35,000. BTC is currently trading just below USD 34,000 but retains a few main supports between USD 32,500 and USD 32,200.
Moreover, the majority of big altcoins are consolidating. With a powerful surge over USD 0.400 and USD 0.500 resistance thresholds, XRP/USD outperformed. ETH/USD was adjusted below USD 1,350, but it stayed well above USD 1,250.
After a significant rally to USD 38,000, the Bitcoin price failed to retain any gains.A new decline below USD 35,000 began with BTC and it also settled below the USD 34,000 level. On the downside, the main weekly support is close to USD 32,500 and USD 32,200.
There are chances of a sharp fall if there is a proper close below USD 32,000.The initial resistance is similar to the levels of USD 34,000 and USD 34,200. The biggest barrier is around USD 35,000, above which the price will increase steadily to the resistance of USD 38,000.After consolidating for a long time, XRP prices outperformed bitcoin and ETH. It settled above the barrier of USD 0.300, sparking a strong surge.
There was a rally of 50 percent and the price rose above the USD 0.500 rally. It is currently trading well above USD 0.500 and the bulls seem to be aiming for more gains above USD 0.600.