Bitcoin price remained in a range above the USD 53,500 and USD 54,000 support levels. BTC seems to be facing a strong resistance near USD 56,000 and it is currently (04:00 UTC) consolidating near USD 55,000. If there is a fresh decline, the bulls might protect USD 52,000.
ETH started a downside correction after trading to a new all-time high above USD 3,500. XRP/USD also corrected lower and tested the USD 1.42 support.
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After a downward move, bitcoin price formed a support base above the USD 53,000 zone. BTC corrected higher above USD 55,000, but it is facing a strong resistance near USD 55,500. The key breakout zone is near the USD 56,000 level. A successful close above the USD 56,000 level is a must to start a steady increase.
On the downside, an initial support is near the USD 54,200 and USD 54,000 levels. Any more losses might put pressure on the bulls and the price might decline towards USD 52,000.