Cryptocurrencies in red: Bitcoin continues to fall, Ethereum slows and Dogecoin does not rebound

Cryptocurrencies in red

Despite the negative sign, analysts believe that the technical data anticipates a new bullish momentum for Bitcoin traders to celebrate in the coming days.

Bitcoin failed again in its attempt to overcome the $ 60,000 barrier and traded again at around $ 55,000, on a day in which the main cryptocurrencies operate with a negative sign.

The downward day also drags Ethereum, one of the few cryptocurrencies that in the last few hours showed positive signs and one of the ones that most excites investors. Although it remains close to US $ 4,000, it shows a decrease of 1.8%.

Dogecoin also had intense hours since after reaching a historical maximum of more than $ 0.70 and then collapsing to almost half its value and then recovering some ground. The cryptocurrency that was born as a meme and that later expanded to be one of the largest in market volume drops to US $ 0.50.

Furthermore, Ripple is down around 8%.

However, analysts consider that the technical data anticipates a further bullish momentum for Bitcoin traders to celebrate in the coming days.

The well-known Crypto Ed said that a decline from current levels should be followed by a resurgence to break through the $ 60,000 resistance zone.

“BTC plan for today: There will be a minor correction after 5 legs up. The price of BTC is looking to bounce and continue towards $ 62,000, and then $ 68,000,” he commented on Twitter.