Bitcoin price stayed in good bid and started rising again above the USD 50,000 resistance. BTC gained nearly 4% and even broke through $ 51,500. It is currently (03:35 UTC) consolidating gains below the USD 52,000 resistance zone.
In addition, most of the major altcoins are also rising. ETH holds gains but faces resistance near the USD 4,000 zone. XRP is up over 6% and has broken the $ 1.30 resistance. ADA is still struggling to break the $ 3.00 resistance zone.
Total market capitalization
After a successful closing price of over USD 50,000, the Bitcoin price gained momentum. BTC has overcome many hurdles near $ 51,000 and $ 51,200. It even traded nearly $ 52,000 before the bears showed up. It is now consolidating gains below the $ 52,000 resistance. If there is an upside break above the USD 52,000, the price could move towards the USD 53,000 level.
On the downside, the price could find support near the $ 51,200 level. The main support is now forming near the USD 50,500 mark.
Ethereum price made another attempt to break the $ 4,000 resistance, but it failed. As a result, ETH corrected below USD 3,950. However, the bulls were active near the $ 3,850 mark. The price is now consolidating above $ 3,900, with many hurdles near $ 3,980 and $ 4,000.
Should there be another downward correction, the price could find support at $ 3,850. The next big support is near the USD 3,800 mark.
ADA, LTC, DOGE and XRP prices
Cardano (ADA) failed to stay above $ 3.00 and corrected on the downside. However, below $ 2.85, the downsides were limited. The price is now stuck in a range below the $ 3.00 resistance. A closing price above $ 3.00 could trigger a bigger surge.
Litecoin (LTC) has broken many hurdles near USD 200 and USD 212. LTC even cleared USD 220 and is now consolidating its profits. Immediate resistance is near the USD 230 mark. A significant break above $ 230 and $ 232 could open the doors for a move towards $ 250.
Dogecoin (DOGE) is up over 4% to break the USD 0.312 resistance. The next major resistance is near the $ 0.320 level. Further gains could move the price towards the $ 0.335 level. If not, there could be a downside correction towards the $ 0.300 level.
XRP price gained pace above the USD 1.30 resistance. It is up over 6% and even broke the $ 1.32 resistance. There was an advance towards the $ 1.34 level where the bulls encountered resistance. XRP is now consolidating around $ 1.32, with support near $ 0.305 and $ 0.300.
Different Altcoins Market Today
Many altcoins are up over 5% including QNT, FTM, FIL, OMG, LINK, LUNA, QTUM, AMP, HT, ICP, ALGO, ATOM, CRO, EOS and COMP. Of these, QNT rose over 41%, surpassing the $ 335 mark.
Overall, the Bitcoin price leveled off well above the USD 50,000 resistance zone. If BTC continues to rise and clear $ 52,000, it could move towards $ 53,000 or $ 53,500.
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