Bitcoin price stayed well bid above the USD 45,000 level and started a decent spike. BTC has cleared the USD 47,000 resistance and is currently (13:30 UTC) showing positive signs.
Similarly, most major altcoins trade in a bullish zone. XRP / USD is slowly rising and could even hit the $ 0.530 level.
Total market capitalization
After Bitcoin price formed a base above $ 45,000, it began an upward move. BTC was trading above the USD 47,000 resistance and is approaching USD 48,000. A closing price above the USD 47,000 level could potentially trigger a sharp surge towards the USD 48,000 and USD 48,400 levels.
If there is a new downtrend, the price could find bids near USD 46,000 and USD 45,800. The main support is now forming near the $ 45,000 level.
The price of Ethereum remained stable above USD 1,720 before rising above USD 1,800, which could encourage the bulls to aim for a new all-time high. The next major resistance could be near the USD 1,850 level.
On the downside, the $ 1,750 level is a short-term support. The main support is now forming near the USD 1,700 level. Further losses could potentially result in a sharp drop towards USD 1,600 and USD 1,550.
ADA, Litecoin and XRP prices
Cardano (ADA) is gaining pace above the USD 0.880 and USD 0.900 levels. The price is up over 10% and could continue to rise towards the USD 0.950 and USD 0.975 resistance levels. The next big barrier for the bulls could be at $ 1.00. On a downward correction, the price could fall towards the USD 0.850 support level.
Litecoin (LTC) is trading above the USD 190 level and could test the USD 200 resistance level. A break above the USD 200 level could open the door for a push towards USD 220. On the flip side, the bulls could stay active above $ 175.
The XRP price is up over 10% and is now trading above the $ 0.500 level. Initial resistance is near the USD 0.520 level. A closing price above the USD 0.520 level could potentially open the doors for pressure to the USD 0.550 level. On the flip side, the price could stay stable above USD 0.500.
Other altcoin market today
Many altcoins rose over 10%, including BRT, MIOTA, ICX, ENJ, BAT, ALGO, YFI, CELO, STX, AVAX, SOL, OCEAN, ADA, KNC, HBAR, and XTZ. Of these, the GRT rose 50%, removing the $ 1.65 resistance.
Overall, the Bitcoin price is showing positive signs above USD 47,000. It seems that BTC is likely to continue above this level in the near future.
Find the best price to buy / sell cryptocurrency: