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Bitcoin and Ethereum Struggle To Surpass Key Hurdles

Bitcoin price attempted to increase the momentum over $19,500 but failed and the USD 595 resistance was tested by Ethereum.

Bitcoin price began a fresh rise above USD 19,200 after a downside correction and soared above the USD 19,400 resistance. However the key USD 19,500 resistance was missing and the price was correcting lower.
Likewise, several major altcoins, including Ethereum XRP, are failing to overcome key hurdles. ETH/USD attempted to surpass the resistance of USD 595, but failed.

After re-testing the USD 19,000 level, a new rise in the price of bitcoin began. The USD 19,200 and USD 19,400 levels were exceeded by BTC. It also spiked above the level of resistance of USD 19,500, but struggled to go higher. A fresh downward step occurred and the price traded below USD 19,300. The initial support is near the level of USD 19,100. The first key support is near the level of USD 19,000, below which an extended decline to USD 18,800 could occur.

As reported, the Ethereum price has took a similar direction and made another attempt to clear the resistance levels of USD 595 and USD 600. As big as USD 596, ETH traded and recently corrected below USD 590. It is nearing the USD 580 level of support. The next main support is close to the USD 572 mark, at which the USD 565 price could be checked. On the upside, between the peaks of USD 595 and USD 600, the price faces a strong barrier.

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