By the weekend, Bitcoin broke the upward trend that emerged in the short term. In the coming hours or days, we may see a correction down to the levels of $40,000. If a speedy recovery comes above $40,000, a bounce can be experienced from this support point. However, if the candles start to close below and the descending peaks continue, this correction may take a little longer.

‣ Bitcoin (BTC) BTC/USD parity is trading at $41941 with a 0.80% decrease at the time of writing. Resistance levels for BTC are in the range of $42950 – $44250, while support levels are in the range of $42100 – $41400.

‣ Ethereum (ETH) ETH/USDT parity is trading at $2213 with a 0.74% decrease at the time of writing. Resistance levels for ETH are in the range of $2252 – $2294, while support levels are in the range of $2150 – $2077.

‣ Atom (ATOM) ATOM/USD parity is trading at $11.37 with a 5.62% decrease at the time of writing. Resistance levels for ATOM are in the range of $11.55 – $11.96, while support levels are in the range of $11.23 – $10.96.

‣ Jito (JTO) JTO/USD parity is trading at $2.75 with a 5.76% increase at the time of writing. JTO Resistance levels are in the range of $3.51 – $4.27, while support levels are in the range of $2.62 – $1.78.

‣ MultiversX (EGLD) EGLD/USD parity is trading at $63.19 with a 3.52% increase at the time of writing. Resistance levels for EGLD are in the range of $63.52 – $66.86, while support levels are in the range of $57.84 – $49.56.

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The post The Latest State of Bitcoin and Cryptocurrencies! – December 17 appeared first on Coin Engineer.