Bitcoin price failed to gain strength above the major USD 60,000 resistance zone and corrected lower. BTC has been trading below the USD 58,000 support but is currently (05:30 UTC) holding the USD 57,000 support. To start a new raise, the price must exceed USD 58,000 and USD 58,500.

Similarly, most of the major altcoins hold great supports. ETH is consolidating above the USD 1,750 and USD 1,710 support levels. XRP / USD outperformed and stabilized above the USD 0.500 resistance. Also, ADA is trading near the $ 1,200 support and could rise to $ 0.135.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After another rejection near $ 60,000, Bitcoin price began a downward correction. BTC has broken the USD 58,500 and USD 58,000 support levels. The bulls are now defending the USD 57,200 support zone. If there is a downside break below USD 57,200 and USD 57,000, there is a possibility of further losses to USD 55,000.
On the upside, the first major resistance is near the USD 58,000 level. The main resistance is still near $ 60,000, above which the price could rise to a new all-time high.

Ethereum price

The price of Ethereum follows a similar path as Bitcoin and also failed to remove the important resistance of USD 1,850. ETH is now consolidating above the USD 1,750 support. The main weekly support is still at $ 1,710. If there is a significant break below USD 1,710, the price could fall towards USD 1,620.
Conversely, the bulls will have to gain strength above USD 1,820 and USD 1,850 to take a new move towards the USD 2,000 barrier in the short term.

BNB, ADA, Litecoin and XRP prices

The Binance Coin (BNB) is showing gains above the USD 262 and USD 265 support levels. The NBB could see a fresh surge above the USD 275 resistance level. The next big hurdle is near the $ 288 level. On the downside, the price could stay stable near $ 250.
Cardano (ADA) has extended its decline to the $ 1,150 level but rebounded above $ 1,200. ADA is now consolidating near USD 1,200 and could move higher towards USD 1,300 and USD 1,350. Conversely, a break below USD 1,150 could lead the price towards USD 1,000.
Litecoin (LTC) is flirting with the pivot level of USD 200. A reasonable daily and weekly close above USD 205 is a must to kick off a sharp surge towards USD 225 and then to USD 240. On the downside, the USD 180 level is a decent support zone.
The XRP price outperformed Bitcoin and Ethereum with a neat break above the key resistance of USD 0.500. Price broke the USD 0.520 resistance before meeting sellers near USD 0.550. It is now consolidating above USD 0.510 and could move back towards USD 0.550.

Other altcoin market today

Several altcoins gained over 8% including ONE, DENT, HNT, BTT, OCEAN, THETA, SOL, RSR, CHSB, CAKE and HBAR. Of these, ONE rose over 50%, breaking the $ 0.175 level.

Overall, Bitcoin price is trading above key support near USD 57,000. If BTC rises above $ 58,500, it could try again to beat the $ 60,000 resistance.
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