- Bitcoin price is eyeing an upside break above the USD 20,000 resistance.
- Ethereum could rise towards USD 1,700, XRP is approaching the USD 0.335 resistance.
- ATOM, LINK and LUNC are gaining bullish momentum.
The price of bitcoin increased to over $20,000 while remaining steady. BTC is aiming for an upward break above the USD 19,500 resistance at this time (04:00 UTC). The price can increase 4%–5% if the bulls are successful.
Read More:What is Ethereum?
Similar to how most significant altcoins may begin a steady ascent ETH may advance past USD 1,650 and test USD 1,700. XRP is getting close to the USD 0.35 resistance. The USD 0.48 resistance area was broken by ADA.
After establishing a base over USD 18,500, the price of bitcoin began to rise. The levels of USD 19,000 and USD 19,200 were successfully broken by BTC. The resistance levels of USD 19,400 and USD 19,500 are being tested right now as it attempts a clear move over them. The price can increase steadily if there is a close over USD 19,500. Now, the next significant barrier is not far from the USD 20,000 mark.
On the downside, a preliminary support is located close to the USD $19,000 mark. Near the USD 18,500 region is the next significant support, below which the market may resume its downward trajectory.
Ethereum price started a decent increase and settled above the USD 1,600 level. BTC is now showing positive signs above the USD 1,620 resistance. The next major resistance is near USD 1,650, above which the price may perhaps test USD 1,700. Any more gains might start a move towards the USD 1,800 level.
On the downside, an initial support is now near the USD 1,600 level. The next major support is USD 1,585, below which price could revisit USD 1,550.
ADA, BNB, SOL, DOGE, and XRP price
The USD 0.48 resistance was overcome by Cardano (ADA). It appears that the bulls may shortly drive the price up to the USD 0.50 mark. A higher rise might be possible if there are any other gains.
BNB is increasing and is currently trading over the USD 280 resistance level. It is presently getting close to USD 285. The price may challenge USD 300 if it rises above USD 288, the next significant obstacle.
A move above the USD 33.50 resistance was made by Solana (SOL), which is up more than 6%. The price can soon challenge the USD 35.00 barrier area if the bulls continue to be active.
Above the USD 0.062 resistance, DOGE is displaying promising characteristics. The price may perhaps climb steadily in the direction of the USD 0.065 barrier zone above the next significant resistance, which is located close to the USD 0.0635 level.
The price of XRP increased and surpassed USD 0.335. At this time, the bulls are trying to rise above USD 0.350. A sustained rise towards the USD 0.40 resistance region could be initiated by a closure above the USD 0.35 resistance.
Today’s market for alternative cryptocurrencies
Numerous alternative coins, such as DOT, MATIC, ETC, UNI, LINK, LUNC, BCH, XMR, XLM, XTZ, EGLD, AAVE, and OKB, are steadily increasing in value. Out of these, LUNC increased by more than 15% and crossed USD 0.00052.
Overall, the price of bitcoin is rising and is currently trading above USD 19,500. BTC may soon challenge the USD 20,000 resistance or possibly USD 20,500 in the immediate term if the bulls continue to move the market higher.