Price Analysis

Bloodbath in Crypto Market: Here’s the Next Target Level for Bitcoin (BTC), Ethereum (ETH), And Cardano (ADA)

A Prodigious bloodbath has ensued in the crypto market as the total crypto market capitalization has fallen by 11% with nearly $200 billion losses in a matter of a few hours. Bitcoin Price saw devastating losses reaching $43k with major altcoins falling nearly 20%. 

Crashes are nothing new for Bitcoin and the market’s bull structure appears to still be intact. Here are the next target levels for Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) following the dramatic correction.

Also Read XRP, BNB, SOL, UNI, LINK, Fall Steeply- This Is When They Could Rebound!

Bitcoin Price Analysis

The flagship cryptocurrency is now undergoing corrective momentum that took the price as low as the $43,173 mark. The price of BTC has fallen below the support at $45,000. At the time of writing, BTC price is trading at

If the bearish trend continues, the flagship currency must hold, the next major levels of support at $42.6k and $41.3k. Initial support is seen at $40K-$42K, which could stabilize the pullback.

Also Read: Bitcoin Price Falls Sharply – Where is BTC Price Heading Next? Popular Analyst Issues warning!

Ethereum Price Analysis

Even the second largest crypto followed the same bearish path. Ethereum price Lost more than $800 in a few hours retesting the $3,000 support zone. At present, the immediate resistance is at $3150. If it successfully breaks this level ETH might test second resistance at 3230. 

On the flip side, A break below $3000 can take ETH’s price drop to 2890 level. In the case of Extended losses, we can expect strong support at $2650. 

Why Crypto Market is Down Today ?

Subscribe to our Newsletter ! Get latest Updates With InDepth Analysis and Prediction for Cardano and Other Major Altcoins

Cardano Price Analysis

Since the start of September cardano price is failing to overcome $3 after multiple attempts over the weekend. Despite the hype of its smart contacts launch, the token suffered more than a 10% loss. Cardano’s price has shed roughly 24% over the past nine days as it retests the $2.188 support floor.

At press time ADA price is trading at $2.06 as the altcoin failed to stay above the $2.65 support level. The price plunged heavily below $2.5. To start afresh massive rally, the price must reclaim the $2.65 pivot level.

If the Market rebounds well, it might trigger an uptrend to the immediate resistance level at $2.30. breaking this level will pave the way for a retest of the $2.638.

on the other hand, if Cardano’s price fails to recover above the $2.188 level, it will indicate increased selling pressure. The price might also drop to $1.924.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

Recent Posts

Missed BTC & ETH ? Here Are Top 6 Altcoins Traders Can Bet This Bull Season !

After the debut of the first US bitcoin futures exchange-traded fund two days ago, bitcoin…

2 hours ago

Minto to Launch Staking on October 21, 2021

Minto is the project that allows users to get rewards in bitcoin by staking BTCMT…

6 hours ago

Attention Traders !! This Is When Bitcoin Price May Plunge Below $50k !

The global crypto market cap is now up more than 35 to 40% since the…

6 hours ago

Terra (LUNA) Price to Hit the $100 Milestone! Here’s When?

LUNA has been one of the marathon runners lately. The altcoin is garnering the interest…

7 hours ago

Garlinghouse Speaks About XRP Based ETF ! XRP Price Sees no Action!

Ripple Price Action The price of Ripple has been static for the previous week, disappointing…

8 hours ago

Bears Gearing up to Drag Bitcoin Down, This Is How BTC Price Can Defend Itself!

The cryptocurrency market remains vivid lately. While some flourish, others lose out-breath on their run.…

10 hours ago