Bitcoin price extended its decline below USD 45,000, but the downside was limited. BTC is back above USD 45,000 and is currently (13:00 UTC) showing positive signs. If the price stays above USD 45,000, there is a possibility of a steady increase towards USD 47,000.
Also, most of the other major altcoins are trading in a steady upward trend. ETH / USD was trading at another new all-time high near USD 1,840 and correcting gains. XRP / USD holds gains above USD 0.465 but continues to face hurdles near USD 0.500.
Total market capitalization
Bitcoin price rebounded higher after a break below $ 45,000. BTC is now trading above USD 45,500 and is showing some positive signs. If there are more advantages, the bulls could test the $ 47,000 resistance level. Further upside moves could open the doors for a move towards USD 48,000.
If extended down, the price could remain stable above USD 44,500. The next major support is at $ 43,200.
The price of Ethereum continued to climb above the $ 1,830 level, trading at a new all-time high near $ 1,840. ETH is currently correcting downwards and is now holding the USD 1,750 support zone. The next major support is near the USD 1,710 level.
On the upside, the price appears to be struggling to stay stable above USD 1,800. A daily close above $ 1,800 could open the doors for a steady rise in the short term.
ADA, Litecoin and XRP prices
Cardano (ADA) is up over 20% and is gaining pace above the $ 0.800 level. ADA has broken the $ 0.820 level and could extend its surge to $ 0.880 and $ 0.900. The next big hurdle for the bulls is near the USD 1.00 level. On the downside, the $ 0.750 level is a strong support.
Litecoin (LTC) is holding gains near the USD 180 level. LTC is showing positive signs and could move higher towards the USD 188 and USD 192 levels. The next major station is near the $ 200 level. On the flip side, the bulls could remain active near the USD 172 level.
XRP price tried to hit the $ 0.500 level but failed to hold profits. The price is now trading well below $ 0.500 and could remain stable above $ 0.480. The next major support is near the $ 0.472 level. On the upside, a close above USD 0.500 could open the doors to a steady rise.
Other altcoin market today
Many altcoins gained over 15%, including AVAX, MATIC, QTUM, HT, BNB, EWT, OKB, RVN, ADA and FIL. Of these, AVAX is up 71% and is trading above USD 45.00.
Overall, the Bitcoin price is stable above USD 45,000 and USD 44,500. BTC could initiate a new spike if there is a significant break above the USD 46,200 resistance zone.
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