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Bitcoin (BTC) and ethereum (ETH) prices fall after resistance rejection, this altcoin still rises sharply!

Bitcoin (BTC) and ethereum (ETH) prices fall after resistance rejection, this altcoin still rises sharply!

The bitcoin (BTC) price failed to break the resistance at $44,000 yesterday and the price is therefore falling again. At the time of writing, bitcoin is approaching an important support zone and the big question remains whether we will hold out here, or whether we will drop one step lower.

Bitcoin (BTC) Price Cannot Break Resistance

At the beginning of last week it all looked pretty good. The price was able to rise after the supportzone at $40,000 was reached. This zone acted as a springboard for an eventual rise of about 14% to $45,000. The news that China is going to ban crypto transactions, however, threw a spanner in the works.

Bitcoin fell back to $41,000 as a result. This support zone has now held up since September 21, but bitcoin remains close to it. The situation therefore remains uncertain and bitcoin has fallen again in recent hours. The price is now approaching the aforementioned support zone again.

For the bulls is it important to once again achieve a higher low to put down. It is clear that for now at least there is no clear direction with up at $44,000 strong resistance, but down the support where the price has held up so far.

Ethereum (ETH) Rejected at $3,000

The top 10 altcoins also turn red today. Ethereum (ETH) appeared to be doing well yesterday after ETH surged above $3,000. But this ultimately turned out to be a rejection. The ETH price is currently 6.4% in the red, reaching a value of $2,902.

Cardano (ADA) is 5% down and is therefore back in 4th place. Tether (USDT) is catching up with altcoin by market cap as ADA slowly dips towards $2. The altcoin in the rest of the top 10 are falling by similar percentages.

Of course there are still some climbers to be found when we zoom out. Fantom (FTM) is 7% in the plus. This makes FTM one of the stars of the moment. Nevertheless, the total market capitalization decreases in value by 5%. All cryptocurrencies combined are now worth $1.85 trillion.

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