After a slight downward correction, bitcoin price began a further rise above $ 61,500. BTC even broke the resistance levels of $ 62,000 and $ 62,200. It is now facing resistance near the $ 63,000 level. The next major resistance is near $ 63,200, above which the price may rise to the $ 65,000 level.
The cost of bitcoin corrected beneath USD 62,000 and USD 61,000. Nonetheless, the decreases have been restricted and BTC is presently (04:43 UTC) on the ascent; apparently the bulls are aiming for a break above the USD 63,000 resistance zone. Furthermore, a large portion of the major altcoins are trading over the key supports. ETH could gain ground if it surpasses USD 3,880 and USD 3,920. XRP is as yet confronting resistance close to USD 1.12 and USD 1.15. ADA is stuck between $ 2.10 and $ 2.20.
On the downside, first support is close to 62,000 USD. The first major support is near $ 61,200, below which the price may revisit the $ 60,000 area.
Ethereum price remained well above the support area of $ 3,650. A base formed and the price was able to break through the resistance of $ 3,750. The price is now showing positive signs above $ 3,800. The next key resistance is near $ 3,880, above which the bulls could test $ 4,000.
If there is another downward correction, the price may find support near the $ 3,780 level. The first key support is now forming near the $ 3,750 level.
ADA, LTC, DOGE and XRP prices
Cardano (ADA) is trading in a range above the $ 2.10 level. It appears to be facing a major hurdle near the $ 2.20 level. If there is a clear break above $ 2.20, the price may accelerate higher. In this case, the price could rise towards the level of 2.35 USD.
Litecoin (LTC) accelerated above the $ 185 resistance zone. The bulls even broke through the resistance zone of $ 188, opening the door for further upside. The next stop for the bulls might be $ 200. Further gains could accelerate the movement towards $ 220.
Dogecoin (DOGE) gained more than 5% and managed to break through resistance at $ 0.250. Immediate resistance is near $ 0.265. The next key resistance is near $ 0.280, above which the price may rise to $ 0.300. On the downside, the $ 0.232 level is decent support.
XRP price faces hurdles near the $ 1.12 level. The next key resistance is near $ 1.15. A close above the $ 1.15 level can potentially increase the chances of a move above $ 1.20. On the downside, the $ 1.05 level is major support. Other altcoins market today
A few altcoins are on the rise including ICX, ZEN, BNB, NEXO, ZEC, KSM, CAKE, FTM, and OHM. Of these, FTM and OHM are up 9% and 15% respectively.
Overall, the price of bitcoin is showing positive signs above $ 62,000. If BTC wipes out $ 63,000, there could be a move towards $ 64,200 or even $ 65,000 in the short term.
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