Bitcoin price is holding gains above the USD 58,000 level. BTC appears to be struggling to settle above USD 59,200 and USD 59,500. The price is currently positive (12:00 UTC) and it appears the bulls are aiming for a test of the USD 60,000 resistance zone.
Similarly, most major altcoins are likely to continue rising, including Ethereum, ADA, EOS, XRP, XLM, LINK, BNB, UNI, THETA, Bitcoin Cash, DOT, and Litecoin. ETH is gaining momentum over USD 1,900 and it appears that there are high chances of a test of USD 2,000. XRP / USD tried to outperform USD 0.600 before correcting to USD 0.555.
Total market capitalization
After a brief downward correction, Bitcoin price rose back above USD 58,000. BTC is trading well above USD 58,000 and could soon surpass USD 59,000. The price faces many hurdles near USD 59,200 and USD 59,500. A significant break above $ 59,500 could potentially result in a steep spike above $ 60,000.
On the downside, the first major support is near the USD 58.00 level. Further losses could move the price towards the USD 57,200 support zone.
The price of the Ethereum remained well above USD 1,850 and is now back above USD 1,900. ETH is approaching the USD 1,925 level and could soon test the USD 1,950 resistance. The main resistance is still near the $ 2,000 level.
If there is a new drop below USD 1,900, the price could test USD 1,880. The next big support appears to be forming near the $ 1,850 level.
BNB, ADA, Litecoin and XRP prices
Binance Coin (BNB) is up 5% and is now trading near the USD 315 resistance. A successful break above the USD 315 could potentially pave the way for a move towards the USD 335 and USD 340 levels. Further upward movements are likely to lead the price to a new all-time high in the short term.
Cardano (ADA) is consolidating below the USD 1,200 and USD 1,220 resistance levels. A significant break above USD 1.220 could trigger a steady spike. The next major resistance for the bulls is near the $ 1,300 level. On the downside, the USD 1.165 and USD 1.150 levels are important supports.
Litecoin (LTC) trades in an area near the resistance levels of $ 195 and $ 200. There is a high likelihood of a strong rally if the closing price is above the $ 200 level. In the case mentioned, the price could rise towards USD 235 and USD 240.
The XRP price did not stay above USD 0.585 and was corrected lower. The price is above the USD 0.550 support zone. As long as there is no close below the USD 0.550, the price could resume its upward movement towards the USD 0.600 resistance.
Other altcoin market today
In the past few hours, many altcoins rose over 10%, including FIL, TRX, DOGE, QTUM, STORJ, ONT, COMP, NEO, AR, DGB, EOS, RUNE, MKR, OMG, LINK, SC, DOT, and XTZ. Of these, FIL rose 42%, breaking the USD 215 level.
To sum up, Bitcoin price is picking up pace above the USD 58,000 level. BTC is expected to unlock $ 59,200 for a new test of the $ 60,000 level in the near future.
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