Bitcoin and Ethereum are Eyeing Short-Term Breakout, OHM Rallies
Bitcoin price was able to recover above the USD 47,000 level. However, BTC is facing a strong resistance near the USD 48,000 level. It is currently (12:43 UTC) showing positive signs, but the USD 48,000 zone holds the key.
Similarly, most major altcoins are eyeing an upside break. ETH climbed above USD 3,800 and facing resistance near USD 3,850. XRP may accelerate if it clears the USD 0.850 zone. ADA is still consolidating above the USD 1.35 zone.
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After forming a base, bitcoin price started an upside correction above USD 47,000. BTC even cleared the USD 47,200 level. An immediate resistance is near the USD 48,000 level. The next major resistance is now forming near USD 48,500. A close above USD 48,500 could send the
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