Bitcoin price did not stay above USD 59,000 and was corrected lower. BTC is now holding gains above USD 58,000 and is currently (12:00 PM UTC) showing signs of a renewed spike. If it surged above $ 59,000 again, the bulls could test $ 60,000 or even $ 60,500.
Similarly, most large altcoins could stay higher. ETH holds gains above the USD 2,080 and USD 2,050 support levels. Plus, XRP / USD continued to outperform and even surpass the USD 1.00 resistance.
Total market capitalization
After struggling to stay above USD 59,000, Bitcoin price corrected lower. However, BTC holds the support level of USD 58,000. Immediate resistance is near the $ 59,000 level. The first major resistance is at $ 59,200, above which the price could rise towards the $ 60,000 and $ 60,500 levels.
On the downside, the USD 58,000 level is a decent support followed by the USD 57,800 level. Further losses could require a move towards the $ 57,000 support.
The Ethereum price is now consolidating gains above USD 2,100. The first major support is near the USD 2,080 level. Further losses could require testing of the USD 2,050 support zone.
On the upside, the bulls face resistance near the USD 2,150 level. A clear break above USD 2,150 could set the pace for a further rise of 5% to 8% in the short term.
BNB, ADA, Litecoin and XRP prices
Binance Coin (BNB) is up 10% and is now trading above the USD 385 resistance. The BNB is approaching the USD 400 level and appears to continue to rise. A daily close above the USD 400 level could potentially pave the way for a boost towards the USD 412 and USD 415 levels.
Cardano (ADA) is struggling near the USD 1.205 and USD 1.212 levels. The main resistance is still near the USD 1.220 level. A significant break above the USD 1.220 could trigger a sharp move towards the USD 1.285 and USD 1.300 levels.
Litecoin (LTC) is rising and has even surpassed the USD 225 resistance level. LTC is now trading above the USD 232 and could soon test the USD 245 and USD 250 levels. On the flip side, the bulls could remain active near the USD 225 level.
The XRP price outperformed all major altcoins with a sharp surge above the USD 0.800 and USD 0.900 levels. It even broke USD 1.00 and is now hovering around that level. Further gains could move the price towards the USD 1.12 and USD 1.15 levels in the upcoming sessions.
“XRP cops take advantage of Ripple’s positive attitude as the company continues to push for new frontiers through partnerships to drive its cross-border payments business out of the United States,” said Konstantin Anissimov, executive director of the CEX.IO trading platform. said Cryptonews.com. According to him, on the latest valuations, the token is also pushing to break its all-time high that was set in January 2018 when it was trading well above USD 3. “Sustained performance leading to its current break above USD 1 can see the coin push the coin down to USD 1.5 in the next [few] Days and medium term to USD 2.5, “he added.
Other altcoin market today
Many altcoins rose over 10%, including BTG, FTM, QTUM, STX, XTZ, BSV, ETC, XLM, NEO, HNT, Vocational Training, YFI, FTT, BCH, CEL and EOS. Of these, BTG rose over 65% and reached the USD 80 level.
In summary, Bitcoin price is showing positive signs above USD 58,000. XRP’s rally hurt the chances of BTC and ETH rising again, but both could continue to rise.
Find the best price to buy / sell cryptocurrency: