Bitcoin price stayed above the USD 50,000 resistance in a strong uptrend. BTC extended its surge above USD 52,000 and traded as high as USD 52,750. Currently (05:00 UTC) gains are being corrected, but the dip could be limited below USD 51,000.
Similarly, most of the major altcoins have seen strong upward moves. ETH / USD surpassed the main resistance at USD 1,840 and traded at a new all-time high of USD 1,915. XRP / USD faces hurdles near USD 0.550 above which it could continue to recover.
Total market capitalization
After a daily closing price above the $ 50,000 level, Bitcoin price topped the $ 51,000 and $ 52,000 levels. BTC was trading at a record high near USD 52,750 before a minor downward correction began. It is trading near USD 52,000 with an immediate support at USD 51,500. The next major support is at $ 51,000.
On the upside, the USD 52,750 and USD 53,000 levels are short-term hurdles. A break above USD 53,000 could set the pace for a move towards USD 55,000.
Ethereum price broke the USD 1,830 and USD 1,840 resistance levels. The ETH even surpassed the USD 1,880 level and was trading at a new all-time high near USD 1,915. The current price move suggests further upward moves towards the USD 1,950 and USD 1,980 levels.
On the flip side, the bulls could remain active near USD 1,880. The next major support is near the $ 1,850 level.
ADA, Litecoin and XRP prices
Cardano (ADA) is up 10% to cross the USD 0.900 resistance. ADA even removed the $ 0.920 resistance. The next major resistance is near the USD 0.950 level. A significant break above the USD 0.950 level could lead the price towards the main USD 1.00 resistance zone. On the downside, the $ 0.885 level is a strong support.
Litecoin (LTC) gained over 12%, breaking the USD 225 resistance level. LTC is trading above USD 230 and could continue to rise above USD 235. The next target for the bulls could be USD 250. If there is a downward correction, the USD 225 level could provide support. The next big support appears to be forming near the USD 212 level.
The XRP price is trading well above the USD 0.532 level but is facing strong resistance near USD 0.550. A closing price above USD 0.550 could potentially trigger a sharp spike. If so, the price could move up towards the USD 0.585 resistance. The main resistance to a larger rise is still at USD 0.600.
Other altcoin market today
Many altcoins were up over 15% including IOST, ZEN, CAKE, BNT, BNB, CRO, XVS, MATIC, EGLD, SC, HT, OCEAN, XEM, UMA, GRT and UMA. Of these, IOST rose 40% and reached the level of USD 0.0400.
Overall, the Bitcoin price consolidates gains above USD 52,000 and USD 51,500. BTC could continue to climb towards USD 53,000 and USD 54,000 unless it breaks the USD 50,000 support.
Find the best price to buy / sell cryptocurrency: