BTC, ADA, and BNB Price Analysis for July 13

The cryptocurrency market is slightly recovering after the correction, with some of the coins returning to the red zone.

BTC/USD

Bitcoin (BTC) could not come back above the $20,000 mark, going down by 1.59%.

Despite the drop below $20,000, Bitcoin (BTC) has bounced off the local support level at $18,931. As long as the price is above it, bulls can hope for continued growth.

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However, it might take some time as the leading crypto has not accumulated enough energy for the sharp move.

Bitcoin is trading at $19,473 at press time.

ADA/USD

Cardano (ADA) is the biggest loser today, falling by almost 4%.

Analyzing the daily chart, Cardano (ADA) is under the bears’ pressure as the price has fallen below the support level at $0.4359. At the moment, one should pay attention to the area around $0.40, the breakout of which might lead to the continued drop of the altcoin. 

ADA is trading at $0.4199 at press time.

BNB/USD

Binance Coin (BNB) has followed the decline of BTC, going down by 1.78%

From the technical point of view, BNB is more bearish than bullish as sellers have dropped the price below the support level at $230. Until the price is there, there is a possibility to see the test of the $200 zone within the next few days.

BNB is trading at $224.1 at press time.