Bitcoin uptrend takes a hiatus as consolidation sets in between $19,000 and $19,500. Ethereum holding above the $580 crucial support as buyers look forward to trading past $600. Ripple on the verge of significant losses to $0.4 after losing the critical support at $0.6. Bitcoin made a significant upswing over the weekend after diving sharply to $17,600 on Friday. Some altcoins like Chainlink and Litecoin tried to catch up with the largest cryptocurrency, but their upside remained capped. Litecoin, as reported, is holding above $80 ahead of an expected spike to $100. On the other hand, LINK is trading at $12.7 amid the bulls’ push to overcome the resistance at $13. The flagship altcoin, Ether, is still trading under $600 despite recovery from support at $530. The rest of the cryptocurrency is dotted red and green at the time of writing. Bitcoin uptrend slows before rally to $20,000 Bitcoin has settled above $19,000 after it was recently rejected from $19,500 again. This higher support remains key to the uptrend targeting $20,000. As for the bulls, trading above $20,000 before the year ends is their topmost priority. According to the Relative Strength Index, Bitcoin is poised for consolidation between $19,000 and $19,500. A break above $19,500 is likely to send BTC sharply upwards towards $20,000. BTC/USD 4-hour chart IntoTheBlock’s IOMAP model reveals the absence of massive resistance likely to hinder the expected breakout. However, buyers must deal with the minor selling pressure between $19,214 and $19,223. On the upside, the flagship cryptocurrency is sitting on an area with immense support, as highlighted from $18,634 to $18,194. Here, nearly 1.6 million addresses previously bought roughly 960 BTC. Bitcoin IOMAP chart It is worth noting that Bitcoin will correct if it closes the day under $19,000. Support is envisaged at the $18,715 as shown by the 50 Simple Moving Average and the 100 SMA. If push comes to shove, BTC/USD will seek refuge at $18,000 (200 SMA) and $17,600. Ethereum dancing between crucial resistance and support The largest altcoin seems to be gearing up for a consolidation period following rejection at $600. On the downside, support has formed at $580 and keeps the bears’ impact in check. Despite the consolidation, Ethereum appears to lean to the upside as per the RSI. On stepping above $600, ETH will likely spike to the next key hurdle at $600. For now, holding support at $580 remains critical to continuing the uptrend. ETH/USD 4-hour chart On the other hand, declines will come in handy if Ethereum closes the day trading under $580. Besides, the death cross formed after the 100 SMA crossed above the 50 SMA hints at a growing seller grip. Support at the 200 SMA will come in handy in case of massive losses towards $500. Ripple is getting ready to dump some more While other cryptocurrencies show signs of recovery, Ripple appears likely to breakdown some more before a significant upward price action comes into the picture. The cross border token is facing intense overhead pressure after losing the ground above $0.6. The support at $0.475 has been tested twice in the same month. On the other hand, XRP can barely hold above $0.50. The rise in selling activities has thwarted all attempts for recovery. If Ripple closes the day under $0.5, it will be forced to seek refuge at the 200 SMA. In the event losses continue, the next tentative anchor zones are $0.475, $0.45 and $0.4. XRP/USD 4-hour chart On the upside, upward price action will come into the picture if Ripple reclaimed the support at $0.52. Trading past $0.54 will call for more buy orders, restoring the hope of exchanging hands above $0.6. The 50 SMA and the 100 SMA might delay the bullish price action. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next WTI: Market rebalancing key to see $50 in 2021 – TDS FX Street 2 years Bitcoin uptrend takes a hiatus as consolidation sets in between $19,000 and $19,500. Ethereum holding above the $580 crucial support as buyers look forward to trading past $600. Ripple on the verge of significant losses to $0.4 after losing the critical support at $0.6. Bitcoin made a significant upswing over the weekend after diving sharply to $17,600 on Friday. Some altcoins like Chainlink and Litecoin tried to catch up with the largest cryptocurrency, but their upside remained capped. Litecoin, as reported, is holding above $80 ahead of an expected spike to $100. On the other hand, LINK is trading at $12.7 amid the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.