The total value of the cryptocurrency market fell by 2.9 percent in the last 24 hours to $ 956 billion, according to CoinGecko data. Let’s take a look at the latest situation in the cryptocurrency market together. Let’s examine the price movements in Bitcoin (BTC), Ethereum (ETH) and Avalanche (AVAX). How many dollars is bitcoin trading at? What level is Ethereum at? What’s the latest in Avalanche?
Bitcoin (BTC) Price Analysis
Bitcoin has lost 2.1 percent in the last 24 hours, according to CoinGecko data. The leading cryptocurrency of the market, Bitcoin, started to be traded at the level of 19 thousand with the decrease. The whole market was affected by this fall of Bitcoin. This price course of Bitcoin pointed to the continuation of the decline and stable course in cryptocurrencies. Bitcoin continues to move at $ 19,000 as of the movement band it is in.
Bitcoin’s reaction to these levels and holding on to the $20,000 band again may change this stagnant course in the crypto money market. If we are going to see a decrease from here, the next stop may be the region of 17-18 thousand dollars. If there will be a rise, the first stop of Bitcoin will be to hold on to the 20 thousand dollar band. As of writing, Bitcoin is trading at $ 19,000.
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Ethereum (ETH) Price Analysis
The bearish movements in the market also lost serious momentum to Ethereum. In this context, when we examine the price movement on the Ethereum (ETH) side, we see that ETH has decreased by 3.5 in the last 24 hours according to CoinGecko data.
We can say that the next target in Ethereum is to hold the $ 1,300 level again. If there is a decrease on the Ethereum side, our first stop may be the $ 1,000 band. At the time of writing, Ethereum is trading at $1,270.
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Avalanche (AVAX) Price Analysis
Avalanche, the 18th most popular coin in the market, continues its long decline. Avalanche is down 6.1 percent in the last 24 hours, according to CoinGecko data.
Avalanche has a downward trend in terms of its region. The closest resistance to the price band is $16.5, while the closest support is the $15 band. This can be shown as the next levels in the price action in Avalanche. As of writing, Avalanche is trading at $ 15.9.
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