Bitcoin price has reclaimed the $ 50,000 barrier and extended its surge. BTC has hit the $ 51,000 level and hit a new all-time high. It is currently gaining momentum (13:00 UTC) and could top USD 52,000.
Likewise, most of the large altcoins are steadily increasing. ETH is back above $ 1,800 and could remove the $ 1,850 resistance. XRP / USD remained stable above USD 0.500 and is targeting an uptrend above USD 0.550.
Total market capitalization
After a slight decline, Bitcoin price gained strength for a new boost above USD 50,000. BTC rose over 2% and traded above USD 51,600. The next major resistance is at $ 52,000, above which price could accelerate towards the $ 52,500 and $ 52,800 levels.
On the downside, the $ 50,500 level is a short-term support. The main support is forming near the USD 50,000 level (the most recent breakout zone). Further losses could lead the price towards USD 49,200.
The price of Ethereum is picking up pace and has been able to offset the USD 1,800 resistance. ETH has hit the USD 1,830 level and it appears that the price could pick up pace above the USD 1,850 resistance. A close above the USD 1,850 could set the pace for a push towards the USD 1,880 and USD 1,900 levels.
On the flip side, the $ 1,800 level could provide reasonable support. The next big support is near the USD 1,750 level where the bulls could take a strong position.
ADA, Litecoin and XRP prices
Cardano (ADA) was stable above the USD 0.820 support zone. ADA started a new spike, breaking the $ 0.850 resistance. The bulls are in control and appear to be seeing a significant break above the USD 0.900 resistance zone. The next major resistance is near the USD 0.920 level. On the downside, the price could stay well above USD 0.850.
Litecoin (LTC) is up 5% and is gaining momentum above the USD 220 and USD 225 resistance levels. LTC approaches USD 230 and could remove USD 235 resistance. A closing price above USD 235 could move the price towards USD 250. On the flip side, the USD 215 level is a decent support.
XRP price stayed above the USD 0.500 support zone. The price is back above USD 0.540 and could offset the USD 0.550 resistance. If the bulls are successful, the price can potentially rise towards the USD 0.565 resistance. The next major resistance is near the USD 0.585 level.
Other altcoin market today
Some altcoins rose over 8% including CAKE, IOST, DCR, XVS, ZEN, EWT, XMR, BNB, CELO, CRO, BNT, and QNT. Of these, CAKE gained 30% and solved the USD 8.50 resistance.
In conclusion, Bitcoin price is gaining momentum above the $ 51,000 level. If BTC stays stable above USD 50,500, it could continue to rise towards USD 52,000 and USD 52,500.
Find the best price to buy / sell cryptocurrency: