Today the Bitcoin price decreases, going below 7,200 dollars again and testing the psychological threshold of 7,000 dollars.
Ethereum and Ripple are also returning to very critical thresholds that it will be important not to break, otherwise, the return of downward speculation is expected.
The return below the short-term crucial levels is a cause for concern in the coming days. The bullish effect that developed with last week’s bounce has already vanished.
Among the first 30 cryptocurrencies, the only positive sign is Tezos (XTZ) which rises 3%. Tezos distinguishes itself in the last 10 days with a trend that unlike all the others remains set in a bullish trend.
The market cap returns to 195 billion dollars, levels of late November. Volumes continue to worry, with daily trading standing at around 45 billion dollars, the lowest levels of the last month.
Bitcoin (BTC) decreases
Bitcoin returns close to 7,100 dollars, a step away from the psychological threshold of 7,000 dollars. For BTC it is important not to go below the technical level of $6,800. In order to have a clear bullish signal, Bitcoin has to push above 7,500 dollars.
Ethereum (ETH)
The situation of Ethereum is much more critical, with prices returning close to $145. The failure of reaching $155 is a sign of weakness for ETH, which continues to give no indication of a reversal in the medium to long term.
Ripple (XRP)
For Ripple, the situation is even worse than Ethereum, with a fall that brings prices back below the threshold of 22 cents. XRP continues to show clear signs of weakness despite announcements from the Ripple Foundation.
