Bitcoin has bounced off the $42,000 mark, which means that bulls are not going to give up. The rate is closer to the resistance level than to the middle of the wide channel that also confirms buyers' power. In this case, if the price returns to theBitcoin is trading at $42,517 at press time.Ethereum is trading similarly to Bitcoin as its rate is also located near the resistance level. The selling volume is going down, which means that there is a greater chance to see growth than decline.
Despite the fall, Cardano is located near the vital level at $0.994. If the sellers' pressure continues, there is a high possibility to see a breakout, followed by a further price decrease. However, if bulls can hold the $1 mark, the rise may lead to the test of $1.10 shortly.Binance Coin is looking worse than other coins as the rate is located below the $445 level. Thus, the selling trading volume remains high, which means that there is a high chance to see a further drop.
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