After a bearish three-drives reversal pattern, BTC has recently fallen below the neckline, indicating a significantly bearish signal for the short-term outlook. In the daily chart, a potentially deadly rounded top pattern is forming. BTC is currently approaching a significant #support level of $21,000.

#bitcoin prices are currently experiencing their third consecutive week of losses, causing BTC/USD to fall below the $22,000 mark. This decline was further exacerbated by the recent comments made by Fed Chair Jerome Powell, who hinted at the possibility of continued interest rate hikes in the near future. As a result, BTC/USD broke through its previous resistance levels, plummeting to a low of $21,600.

Bitcoin's price has broken through the key $22,000 support level. Bitcoin is exhibiting bearish signals and may fall further in the near term to $20,500 or even $20,000. Bitcoin's price failed to break through the $22,250 barrier zone. BTC bears were aggressive, pushing the price below the $22,000 support level.

The recent market downturn has resulted in significant losses, causing the price of Bitcoin to plummet below $21,800. As a result, a new monthly low of approximately $21,600 has been established, and the price is currently consolidating its losses. At present, BTC is trading below $22,000 and the 21-hourly simple moving average.

According to #Priceanalysis , Bitcoin is facing a crucial challenge in breaking through the $22,000 barrier and trend line. If it fails to do so, it may experience a decline once again. In the event of a decline, there is immediate support available at the $21,500 level. If the price continues to fall, the next significant support level is at $21,200, and if it drops even further, it may reach the $21,000 mark. The next big support level is at $20,500, and any further losses may push the price up to the $20,000 mark.

At the $21,800 mark, BTC experienced a strong #resistance level. However, the next significant barrier level is just around the corner at $22,000. In the hourly chart of the BTC/USD pair, we can see a large negative trend line forming with resistance near $22,050. The primary resistance level is currently at $22,250. If we see a closing over this level, it could signal the start of a solid climb towards the $22,600 resistance zone. Beyond that, the next major resistance level is at $23,000, which could potentially create upward momentum for the price. 

KEY LEVELS :

RESISTANCE LEVEL : $22,100-$22,600

SUPPORT LEVEL : $21,350-$21,000

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On the daily chart, the LTC/USD pair has formed a Three Black Crows pattern. The LTC is currently exhibiting a Rounded Top pattern on its daily chart.

The analysis of #Litecoin price over the past day and four hours indicates a downward trend in the market. The price has decreased significantly and is currently hovering around the $83.00 mark.

Litecoin, similar to Bitcoin, is currently trading below $92 against the US dollar. However, if the price of LTC fails to surpass the $82 barrier level, it may experience a further decline.

In recent #trading sessions, Bitcoin, Ethereum, Ripple, and Litecoin have all experienced a decline against the US dollar. Specifically, Litecoin (LTC) reached a peak of $98.34 before beginning a downward trend. The price has since fallen below key support levels of $95 and $92, and has even dipped below the $90 support level. As of now, the price has hit a low of $81.31 and is currently consolidating losses. Presently, it is trading below $85 and the 50-hour simple moving average.

According to #Priceanalysis , The current price is encountering a barrier around the $85.00 mark, which could potentially prevent further decline. Additionally, a significant bearish trend line is forming with resistance near $85 on the 4-hour chart, indicating a possible reversal in the near future. Looking ahead, the next major obstacle for the pair is the $89 level. However, the primary resistance level to watch out for is at $92. If the price manages to break through this level, it could potentially surge towards $98 or even $100. It's worth noting that the next significant resistance level after $100 could be at $104. 

If LTC fails to break through the $85 resistance, Then there is an immediate #support level near $82. Additionally, the next key support level is located near $80. However, if the price were to break below this support level, it could lead to a rapid decline towards the $75 level in the near future. In the event that LTC breaches the $75 level, it's highly likely that we could see a further drop towards the $72-$70 range.

KEY LEVELS :

RESISTANCE LEVEL : $86.00-$90.00

SUPPORT LEVEL : $80.00-$75.00

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The BNB/USDT pair has completed a bearish #headandshoulders and breached the neckline. This negative setup indicates a potential downward trend towards $220, as per the pattern calculation.

The #Binance Coin (BNB) price is currently experiencing a downward trend, falling below the $290 mark against the US Dollar. If the price drops below $270, it is likely to continue its descent

Over the last few days, the price of BNB has experienced a consistent decline, starting from the $325 resistance zone. The price has since plummeted below the $310 and $300 levels, with the decline gaining momentum and breaking through the $285 support.

Currently, the value of this coin has decreased by more than 5.60%, which is still a smaller decline compared to the drops experienced by bitcoin and Ethereum. The market witnessed a sudden dip below the $275 mark, leading to a low of around $270.70. Presently, the price is stabilizing its losses below the $280 threshold and the 21-hour simple moving average.

As per #technicalanalysis , There are several key resistance levels to keep an eye on for the BNB/USD pair. The first immediate resistance is at the $276 level, followed by a major resistance at $280. The main resistance is forming near the $284 zone, and there is also a key bearish trend line forming with resistance near $288 on the 4-hour chart. If the price manages to break above the trend line and surpass $290, it could potentially reach the $300 resistance level. Further gains could push the price towards the $320 level

In the event that BNB fails to surpass the $284 resistance, it may experience a further downward trend. The initial support on the downside is located around the $270 level, followed by the first major #support at approximately $265. The subsequent major support is situated at the $262 level. However, if the $262 support is breached, there is a possibility of a prolonged decline towards the $250 support.

KEY LEVELS :

RESISTANCE LEVEL : $276-$282

SUPPORT LEVEL : $268-$262

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