Despite moving away from a new ATH record by a few hundred dollars, Bitcoin pulled below $ 57,000. Altcoin BNB, on the other hand, could not overcome $ 300.
Bitcoin came closer to reaching its all-time high a few hours ago, but failed and the subsequent rejection dropped the asset below $ 57,000. Most alternative cryptocurrencies have remained relatively calm on a 24-hour scale, despite some severe fluctuations in the past few days.
Bitcoin moves 0.43% away from a new ATH
Apparently, last week’s price drops for cryptocurrency when bitcoin fell to $ 43,000 are long gone. This week the asset took an impressive course that exceeded several key milestones.
However, one thing BTC has (so far) failed to do is break the all-time high of $ 58,400, which was painted in mid-February.
Data from Bitstamp shows that Bitcoin has an intraday high of $ 58,150, or just $ 250 (0.43%) above the record.
After reaching this point though, the bears took control and pulled the leading cryptocurrency south to the current level of $ 56,500.
Technical indicators show that BTC’s first hurdle on its way to the uncharted territory is $ 57,686. If this zone is broken, the next resistance will be the $ 58,355 level.
Alternatively, support levels at $ 55,080, $ 53,980 and $ 52,580 could help in the event of another price drop.
Altcoins Calm After the Storm
Yesterday had a fairly volatile trading day for most of the altcoin market. However, the situation now seems calmer. Ethereum rose to $ 1,850 but has since retreated and currently stands below $ 1,800.
Binance Coin spiked when BNB reached its 3-week high of $ 315. Similar to ETH, the asset retracted somewhat sharply and is currently under $ 280.
On a 24-hour scale, Polkadot, Cardano and Ripple identified small losses, while UNI (2%) and Litecoin (5%) made gains.