Bitcoin price gained strength and was able to hit the important resistance level of USD 35,000. It opened the doors for more upward movement and BTC even broke the USD 36,000 resistance. It’s currently up almost 8% (05:00 UTC), with immediate hurdles near USD 37,000 and USD 37,200.
Similarly, most large altcoins show positive signs. ETH / USD outperformed with a break above the USD 1,450 and USD 1,500 resistance levels. XRP / USD is now consolidating above USD 0.350 and USD 0.365.
Total market capitalization
After a successful break above the USD 35,000 resistance, Bitcoin price rose steadily. BTC has broken the USD 35,800 and USD 36,000 resistance levels to move further into a positive zone. The first major resistance is near the $ 37,000 level. The next major hurdle is at $ 37,200, above which the price could hit the $ 38,000 level again.
On the downside, the $ 36,200 level is a short-term support. The next major support is at $ 35,800, below which the price could test the $ 35,000 support zone.
The price of Ethereum is up over 12% and has broken many key resistances near USD 1,450 and USD 1,500. ETH even hit the USD 1,550 level and hit a new all-time high. Current price action suggests that there are opportunities for further gains above the USD 1,575 and USD 1,580 levels.
On a downward correction, the initial support will be near the USD 1,520 level. The first big support is at $ 1,500, where the bulls could stay active.
Bitcoin Cash, Litecoin and XRP Price
Bitcoin cash price is up 5% and is approaching the USD 440 resistance level. The next major resistance is at USD 450. A significant break above $ 450 could accelerate gains. If so, BCH could rise above the $ 465 resistance level. On the downside, the $ 435 level is decent support in the short term.
Litecoin (LTC) gained over 12% and even broke the main resistance at USD 150. LTC is showing positive signs and could continue to rise towards the USD 160 and USD 162 levels. On a downward correction, the USD 145 level could provide support.
The XRP price is stable above the USD 0.350 and USD 0.365 support levels. On the upside, initial resistance is near the USD 0.392 level. The main resistance is now forming near the USD 0.400 level. A daily close above USD 0.400 could set the pace for a larger move towards USD 0.440 or USD 0.465.
Other altcoin market today
Many altcoins gained over 10%, including FTM, UMA, SC, LUNA, QNT, RSR, MKR, CHSB, MANA, HEDG, BTT, FTT, KSM and YFI. Of these, FTM rose 45%, trading above the $ 0.140 level.
Overall, Bitcoin price is gaining momentum and could accelerate above USD 37,000 and USD 37,200. If it fell again, BTC bulls could protect USD 35,000.
Find the best price to buy / sell cryptocurrency: