Bitcoin price traded a few points lower, but it was supported near the USD 7,300 and USD 7,350 support levels. BTC/USD is currently trading above the USD 7,400 level (UTC 08:30 AM) with an immediate resistance at USD 7,550. A break above this could accelerate gains above USD 7,600 and the 100-day simple moving average.
The next hurdle for buyers above USD 7,600 is near USD 8,000. On the downside, supports are waiting near USD 7,300 and USD 7,250.
Ethereum
Ethereum price tumbled recently below the USD 475 support. The decline was such that the ETH/USD pair almost tested the USD 450 support. The price is currently down around 2.2% with an immediate resistance at USD 475.
Above USD 475, the price may test the next resistances at USD 490 and USD 500. On the downside, the USD 450 support holds a lot importance in the near term.
