Bitcoin price failed to gain bullish momentum above the $19,500 resistance. BTC is currently (03:10 UTC) trading below $19,200.
If there is a downside break below $19,000, the price may perhaps accelerate lower.Similarly, most major altcoins are facing important hurdles.
ETH topped near $1,380 and corrected gains. XRP remained strong and settled above the $0.40 resistance zone. ADA is consolidating above the $0.45 zone.After struggling to settle above the $19,500 resistance, bitcoin price corrected gains.
BTC declined below the $19,300 level and settled below the 50-hour simple moving average. It seems like the price is following a bearish trend line with resistance at $19,100 on the hourly chart.Read more on cryptonews.com