After a close above the USD 9,550 resistance, bitcoin price made an attempt to clear the USD 9,850 resistance. However, BTC struggled to continue higher and it is currently (08:30 UTC) trading in a range above the USD 9,550 and USD 9,650 support levels.
Similarly, most major altcoins are currently consolidating in a range, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is trading above the USD 240 support, but it is facing many hurdles near USD 245 and USD 250. XRP/USD is also stuck below the USD 0.208 and USD 0.210 resistance levels.
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In the past two sessions, bitcoin price mostly traded in a range above the USD 9,550 support zone. On the upside, the first major resistance is near the USD 9,850 level. If there are more gains, the price is likely to clear the USD 9,950 and USD 10,000 resistance levels.
On the other hand, the price might start a fresh decline below the USD 9,650 support. The main support is now near the USD 9,550 level, below which the price might dive towards the USD 9,300 support in the near term.
Ethereum price is trading in a range between the USD 240 support and the USD 245 resistance. If ETH surpasses the USD 245 resistance, it could increase the chances of more upsides above the USD 250 and USD 252 levels.
Conversely, the price could break the USD 240 support and start a fresh decline. An initial support is near the USD 235 level, but the bears are likely to