Fibonacci

The Bitcoin (BTC) price appears to be under renewed selling pressure as the upside correction faces rejection at the $40,000 level. On July 4, the BTC price broke down to $37,500 and resumed its upward correction.

Bitcoin Cash's (BCH) uptrend has been stuck below $560 resistance since July 31. Bulls have retested the upper resistance three times but have been rejected.

Since August 1, the price of Cardano (ADA) has risen to a high of $1.38. Shortly after reaching the new price level, the cryptocurrency asset fell back to a low of $1.26. Buyers pushed the altcoin to the previous high, but the upward momentum could not be sustained.