Bitcoin price follows a strong upward trend above USD 59,000. BTC is currently trading near $ 60,000 (12:00 PM UTC) and could accelerate in the short term. The next big target for the bulls could be USD 62,000.
Similarly, most of the major altcoins are also gaining uptrend. ETH is trading above USD 2,000 and could continue to climb towards USD 2,100. XRP / USD is showing positive signs and could rise above the USD 0.600 resistance.
Total market capitalization
For the last two sessions, Bitcoin price has mainly traded in a positive zone above USD 59,000. BTC attempted to settle over $ 60,000 but failed. It is now consolidating gains and it seems like it will attempt another close above $ 60,000 soon. If the bulls succeed, the price could move towards USD 62,000.
If there is a downward correction, the price could find bids near USD 59,000 and USD 58,800. The next major support could be USD 58,000.
The price of Ethereum is gaining momentum, even surpassing USD 2,000. The next major resistance is at USD 2,040, above which the price could rise towards USD 2,100.
On the downside, initial support can be seen near the USD 1,975 level. The first major breakdown support is near the USD 1,950 level.
BNB, ADA, Litecoin and XRP prices
Binance Coin (BNB) is holding gains above the USD 340 support level. It appears that the BNB may accelerate past the USD 350 and USD 355 resistance levels. The next big stop for the bulls could potentially be near the USD 380 level.
Cardano (ADA) is rising to trade above USD 1,200. Immediate resistance is near the USD 1.220 level. If the closing price is above USD 1.220, the price could rise higher. Conversely, there is a risk of a downward correction towards the USD 1.165 support zone.
Litecoin (LTC) has settled above $ 200 and is consolidating near the $ 205 level. It appears that the LTC could continue to rise towards the USD 225 resistance. The next major resistance is near the USD 240 level. On the downside, the USD 195 level is a decent base of support.
The XRP price is rising and trading near the USD 0.585 level. The main hurdle is near the USD 0.600 level. A successful close above the USD 0.600 level could set the pace for a sharp move towards the USD 0.632 and USD 0.650 levels.
Other altcoin market today
Many altcoins rose over 8%, including HNT, SC, EOS, EGLD, ANKR, ZEC, SNX, BRT, DASH, HT, XLM, DENT, BSV, BTT, and ZIL. Of these, SC is up 17% and is trading above USD 0.032.
In summary, Bitcoin price is trading in an uptrend above USD 59,000 and USD 59,200. If BTC levels off above USD 60,000, it could rally towards USD 62,000.
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