Cryptocurrency market on December 8, 2021: Bitcoin stable recovery

Cryptocurrency Market December 8, 2021: Bitcoin price started a steady recovery wave above the $ 50,000 mark yesterday. BTC has even surpassed the $ 50,500 and $ 51,200 resistance levels. At 04:28 UTC, BTC will encounter resistance near USD 50,500 and a possible decline is possible.

ETH hit a high of nearly $ 4,420 and is currently correcting gains. XRP couldn’t break above $ 0.85, but it was still above $ 0.80. ADA fell 6% to break the $ 1.38 support.

Cryptocurrency Market December 8, 2021: Bitcoin Price

After rising steadily, Bitcoin price broke the USD 50,000 resistance level. BTC even broke the $ 51,200 mark but encountered strong resistance near the $ 52,000 mark. The price is moving down and trading below $ 50,500. Immediate support is nearly $ 50,000. The next big support is near the $ 49,500 mark, below which the price can test $ 48,000.

On the flip side, the bulls will need to gain strength to rebound above $ 51,800 and $ 52,000. The next major resistance is at $ 53,200.

Cryptocurrency market December 8, 2021: Ethereum price

Ethereum price also followed a bullish path above the $ 4,250 and $ 4,320 resistance levels. It even broke through $ 4,350 but couldn’t accelerate past $ 4,400. It peaked near $ 4,420 and began a downward correction.

On the flip side, initial support is near the $ 4,300 mark. The next major support is currently forming near the $ 4,250 level.

Cryptocurrency Market December 8, 2021: ADA, BNB, SOL, SHIB and XRP prices

Cardano (ADA) rose above the $ 1.35 and $ 1.40 resistance levels. It even rose to the $ 1.50 level where the bears showed up. ADA has cut profits and is trading below $ 1.40. The next big support is at $ 1.32.

Binance Coin (BNB) climbed above $ 590 but failed to test $ 600. It’s moving down and trading below $ 580. If there are more losses, the price could even test $ 565.

Solana (SOL) failed to break the $ 200 mark and corrected downward. It is trading below $ 195 and is approaching the $ 185 support. Any further downtrend could drive the price towards the $ 178 mark.

SHIB faces sellers near the $ 0.000388 level. It corrects gains and trades near the $ 0.0000365 level. If the bears remain active, the price can test the $ 0.000035 zone. The next big support is near the $ 0.000335 mark.

XRP price struggled to break the $ 0.850 resistance area. It drops to the critical support of $ 0.800. If the bulls fail to defend $ 0.800, it can fall to $ 0.780.

Cryptocurrency Market December 8, 2021: Another Altcoin Market

Many altcoins are still up more than 5%, including XTZ, BTT, CRV, LINK, AXS, FIL, XEM, BSV, QTUM, OMG, IMX, TRX, and ICP. Of these, XTZ is up 32% to top $ 5.50 while BTT is above $ 0.00408 and is now up 26% in one day, bringing weekly gains to 30%.

Overall, the Bitcoin price is consolidating above the $ 50,000 mark. If BTC stays stable above $ 50,000 and $ 49,500, there could be a new rally in the near future.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.

Cryptocurrency market on December 8, 2021: Bitcoin stable recovery

Cryptocurrency Market December 8, 2021: Bitcoin price started a steady recovery wave above the $ 50,000 mark yesterday. BTC has even surpassed the $ 50,500 and $ 51,200 resistance levels. At 04:28 UTC, BTC will encounter resistance near USD 50,500 and a possible decline is possible.

ETH hit a high of nearly $ 4,420 and is currently correcting gains. XRP couldn’t break above $ 0.85, but it was still above $ 0.80. ADA fell 6% to break the $ 1.38 support.

Cryptocurrency Market December 8, 2021: Bitcoin Price

After rising steadily, Bitcoin price broke the USD 50,000 resistance level. BTC even broke the $ 51,200 mark but encountered strong resistance near the $ 52,000 mark. The price is moving down and trading below $ 50,500. Immediate support is nearly $ 50,000. The next big support is near the $ 49,500 mark, below which the price can test $ 48,000.

On the flip side, the bulls will need to gain strength to rebound above $ 51,800 and $ 52,000. The next major resistance is at $ 53,200.

Cryptocurrency market December 8, 2021: Ethereum price

Ethereum price also followed a bullish path above the $ 4,250 and $ 4,320 resistance levels. It even broke through $ 4,350 but couldn’t accelerate past $ 4,400. It peaked near $ 4,420 and began a downward correction.

On the flip side, initial support is near the $ 4,300 mark. The next major support is currently forming near the $ 4,250 level.

Cryptocurrency Market December 8, 2021: ADA, BNB, SOL, SHIB and XRP prices

Cardano (ADA) rose above the $ 1.35 and $ 1.40 resistance levels. It even rose to the $ 1.50 level where the bears showed up. ADA has cut profits and is trading below $ 1.40. The next big support is at $ 1.32.

Binance Coin (BNB) climbed above $ 590 but failed to test $ 600. It’s moving down and trading below $ 580. If there are more losses, the price could even test $ 565.

Solana (SOL) failed to break the $ 200 mark and corrected downward. It is trading below $ 195 and is approaching the $ 185 support. Any further downtrend could drive the price towards the $ 178 mark.

SHIB faces sellers near the $ 0.000388 level. It corrects gains and trades near the $ 0.0000365 level. If the bears remain active, the price can test the $ 0.000035 zone. The next big support is near the $ 0.000335 mark.

XRP price struggled to break the $ 0.850 resistance area. It drops to the critical support of $ 0.800. If the bulls fail to defend $ 0.800, it can fall to $ 0.780.

Cryptocurrency Market December 8, 2021: Another Altcoin Market

Many altcoins are still up more than 5%, including XTZ, BTT, CRV, LINK, AXS, FIL, XEM, BSV, QTUM, OMG, IMX, TRX, and ICP. Of these, XTZ is up 32% to top $ 5.50 while BTT is above $ 0.00408 and is now up 26% in one day, bringing weekly gains to 30%.

Overall, the Bitcoin price is consolidating above the $ 50,000 mark. If BTC stays stable above $ 50,000 and $ 49,500, there could be a new rally in the near future.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.

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