Bitcoin price has broken the USD 34,500 resistance level to enter a positive zone. BTC even surged above $ 35,000 and is currently (13:00 UTC) trading in bullish territory. If there is a daily close above USD 35,000 there is the possibility of a short-term steady increase.
Similarly, most of the major altcoins trade in a positive zone. ETH / USD is rising above USD 1,420 and it appears the bulls are targeting a test of USD 1,500 and USD 1,520. XRP / USD is trading well above the USD 0.350 support but has to settle for another spike above USD 0.420.
Total market capitalization
Bitcoin price rose above the $ 34,000 and $ 34,500 levels. BTC even broke the USD 35,000 resistance, but there is no real deal yet. If the bulls remain in action, the price could continue to climb towards the $ 35,500 and $ 36,200 levels.
If there isn’t a closing price above USD 35,000, there could be a short-term downside correction. The first major support is near $ 34,500 below which the price could hit $ 34,000 again.
Ethereum price is showing positive signs above USD 1,400. The bulls have already tried to clear the USD 1,450 resistance zone. On another attempt, ETH could jump above USD 1,475 and USD 1,500.
On the flip side, initial support is close to the USD 1,400 level. The first major support is at $ 1,380. Further losses could move the price towards the $ 1,350 support.
Bitcoin Cash, Litecoin and XRP Price
Bitcoin cash price is rising towards the USD 440 and USD 450 resistance levels. If BCH breaks the USD 450 resistance, the price could even cancel the USD 465 resistance. If there is another drop, the bulls could protect USD 412. The next big support is still near the USD 400 level.
Litecoin (LTC) is up 5% testing the USD 142 resistance. If LTC breaks the USD 142 hurdle, it could move towards the USD 150 resistance. The next stop for the bulls above $ 150 could potentially be near the $ 162 level. On the flip side, the price could remain well supported near USD 130.
XRP price extended its decline, but the bulls were able to protect the $ 0.350 support. It is currently rebounding higher with an immediate resistance at USD 0.400. The main resistance is near USD 0.420, above which the price could trigger a fresh move.
Other altcoin market today
Many altcoins rose over 10%, including FUN, LUNA, SOL, ADA, NEXO, QNT, BAND, CHSB, UMA, HBAR, REN, KNC, THETA, ZIL, NEAR, ATOM, and SUSHI. Of these, LUNA gained 25% and is approaching the USD 2.00 level.
In conclusion, Bitcoin price is slowly rising and showing positive signs above USD 34,500. Once BTC levels off above USD 35,000, it could open the doors to further benefits.
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