Bitcoin and Ethereum Stuck Below Resistance, LUNA Extends Rally

Bitcoin price started a downside correction from the USD 50,500 resistance. BTC declined below the USD 49,200 support level, but it remained well bid above USD 48,500. It is currently (11:45 UTC) consolidating above USD 49,000, with a major resistance near USD 50,000. Similarly, most major altcoins are struggling to gain bullish momentum. ETH is facing an uphill task near USD 3,350 and USD 3,380.