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#Bitcoin and Altcoins Could Extend Losses


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Bitcoin price declined after it failed to break the USD 4,000 resistance.
Ethereum traded below the USD 135 support and ripple price tested USD 0.300.
DGB and AOA are down more than 12% today.

 After a strong rejection near the USD 4,000 resistance, bitcoin price started a sharp decline. BTC declined below the USD 3,980 and USD 3,950 support levels. It moved into a bearish zone and tested the USD 3,900 support level. Similarly, there were bearish moves in ethereum below the USD 136 and USD 135 support levels. ETH tested the USD 132 support and it is currently (UTC 08:10 AM) correcting higher. Ripple price is trading with a bearish bias near USD 0.300 and it may continue to decline in the near term. 

 Bitcoin price

 There was a strong downward move within bitcoin price through the UNITED STATES DOLLAR 4, 000 resistance. BTC declined below the UNITED STATES DOLLAR 3, 950 support degree and it even spiked below the USD three or more, 900 level. It is usually correcting higher towards the particular USD 3, 950 degree, which was assistance previously and now it can behave as a resistance.
When buyers push the cost above USD 3, 950, the price may review the USD 4, 1000 resistance. If not, we have a risk of a brand new decline towards USD the few, 900 or UNITED STATES DOLLAR a few, 860 within the arriving sessions.

 Ethereum price 

 Ethereum price also faced an increase in selling pressure after it failed to surpass the USD 138 resistance. ETH/USD declined below the USD 135 support level and tested the next key support at USD 132.
The price is currently correcting higher above USD 133, but it is likely to face sellers near the USD 134 or 135 levels. On the downside, a break below the USD 132 support may push the price towards USD 130.

 Some other altcoins market today

 Previously three sessions, many little cap altcoins declined a lot more than 8%, including DGB, AOA, POLY, ABBC, ONT, QBIT, STEEM, PAI, ICX plus QASH. Out of these types of, DGB is down close to 15% and AOA dropped near to 13%.
Overall, the bitcoin price failed to obtain bullish momentum above the particular USD 4, 000 level of resistance and declined sharply. Heading forward, the USD a few, 900 support might perform a crucial role for that next move. If BTC settles below USD a few, 900, there could become additional losses in the particular coming days.
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