Bitcoin price remained well bid after breaking the USD 35,500 and USD 36,000 resistance levels. BTC even surged towards USD 36,800 before correcting lower. It is currently (13:00 UTC) nearing USD 36,000, but there is a possibility of rising again towards USD 37,000.
Similarly, most major altcoins trade in a bullish zone. ETH / USD hit a new all-time high near USD 1,570 before correcting to USD 1,540. XRP / USD appears to face strong resistance near USD 0.392 and USD 0.400.
Total market capitalization
Bitcoin price rose higher, above the $ 36,000 resistance. BTC even attempted to surpass USD 37,000, but there was no tracking above USD 36,800. The price corrected lower and traded below USD 36,500. The first major support is near the $ 36,000 level followed by the $ 35,500 pivot level.
As long as the price is above USD 35,500 and USD 35,500, it could continue to rise. The main resistance now stands at USD 37,000, above which the USD 38,000 hurdle could be overcome again.
The price of Ethereum gained momentum above the USD 1,500 level and even broke the USD 1,550 level. ETH listed at a new all-time high near USD 1,570 and is currently correcting lower. Initial support is near the USD 1,520 level. The main support is now forming near the USD 1,500 level.
On the upside, the USD 1,565 and USD 1,570 levels are short-term hurdles. The bulls could test the $ 1,600 level in the near future.
Bitcoin Cash, Litecoin and XRP Price
Bitcoin cash price is holding gains above USD 430 but is struggling to clear the USD 445 and USD 450 resistance levels. If there is a new bearish wave, the $ 425 level could provide support. Further losses could push the price towards the USD 405 support zone.
Litecoin (LTC) has traded as high as USD 155 and is consolidating gains near USD 150. If there is a downward correction, previous resistance near USD 142 and USD 140 could provide support. On the upside, a significant break above the USD 155 resistance could open the doors for a move towards the USD 165 and USD 170 levels.
XRP price tried to gain strength above the USD resistance at 0.492 but failed. It is currently correcting lower towards the USD 0.465 support. Unless there is a closing price below $ 0.350, the price could make another attempt to break above the $ 0.400 resistance zone.
Other altcoin market today
Some altcoins rose over 8% including FTM, UMA, SC, LUNA, MANA, OMG, SUSHI, NEAR, DASH, CHSB, AAVE, HEDG, and BTT. Of these, SC is gaining momentum and could test the USD 0.010 level.
To sum up, Bitcoin price is trading in a bullish zone above USD 35,500 and USD 35,000. The general price movement suggests that BTC could soon test USD 37,000.
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