The weekend has started with sustained bearish pressure as all top 10 coins are in the red.
BTC/USD
Bitcoin (BTC) price is down 7% in the last 24 hours.
Bitcoin (BTC) has staged a false breakout above yesterday’s low of $20,119. While the price is above the crucial $20,000 level, bulls have a chance for a local recovery. Thus, a CME gap is forming near the $20,700 zone. In this case, there is a chance that a correction will soon be seen in the above area.
Bitcoin is trading at $20,175 at press time.
ADA/USD
Cardano (ADA) has lost less value than Bitcoin (BTC) as its price fell 5.49%.
From a technical standpoint, Cardano (ADA) is looking better than Bitcoin (BTC) as bulls show strength after yesterday’s sharp drop. If the candle closes near the $0.45 level, the rise could continue up to $0.48 next week.
ADA is trading at $0.4495 at press time.
BNB/USD
Binance Coin (BNB) has lost the least value as its price fell 4.83%.
Binance Coin (BNB) has bounced off the $280 level, which means a correction is possible. If the trading volume picks up, the surge could lead to a test of the local resistance zone at $290 very soon.
BNB is trading at $283.4 at press time.
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