Price Analysis 6/13: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX

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US stock markets extended their decline to start the week on June 13. The S&P 500 hit a new year-to-date low and plunged into bearish territory, falling more than 20% from its all-time high reached on Jan. 1. 4.

Cryptocurrency markets are following equity markets lower and selling pressure has intensified further due to rumors of a liquidity crunch from major lending platform Celsius and traders possibly selling positions for respond to margin calls. This brought the total crypto market capitalization below $1 trillion.

Daily performance of the cryptocurrency market. Source: Coin360

The steep declines have led some analysts to project extremely bearish targets. While anything is possible in the markets and it is difficult to call a bottom, breakouts usually tend to trigger a formation at the bottom. Traders can prepare their buy list and consider accumulating in phases after the price stops falling.

What are the important levels that can stop the decline of Bitcoin (BTC) and major altcoins? Let’s study the charts of the top 10 cryptocurrencies to find out.