Bitcoin price remained in a positive zone above the USD 46,500 support zone and even tested the USD 48,000 level. It is currently (04:00 UTC) consolidating gains near USD 47,500 and eyeing more gains above the USD 48,000 level.

Similarly, most major altcoins are trading in a positive zone. ETH extended increase above the USD 3,350 and USD 3,400 levels before correcting lower. XRP spiked and tested the USD 0.90 resistance while ADA tested USD 1.245.

Total market capitalization

After a clear move above USD 46,500, bitcoin price extended its increase. BTC even cleared the USD 47,500 resistance level and spiked above USD 48,000 before the bears appeared. The price corrected lower and traded below USD 47,500. On the downside, an initial support is near the USD 47,000 level. The next major support is near USD 46,500, below which the price might test USD 45,500.

If there is another increase, the price could surge above USD 48,000. The next major resistance is near the USD 48,800 level, above which the price could rise to USD 50,000.

Ethereum price also gained pace above the USD 3,300 resistance. ETH surpassed the USD 3,350 and spiked above USD 3,400. It is now consolidating near the USD 3,375 level. On the downside, the price might find support near the USD 3,320 level. The next major support is near the USD 3,300 level, below which the price might test the USD 3,250 support zone.

On the upside, the price is facing hurdles near USD 3,400. The next key resistance might be near the USD 3,420 level, above which the price could rise to USD 3,500.

Cardano (ADA) extended its increase above the USD 1.22 resistance zone. It tested the USD 1.245 level and corrected toward USD 1.21.

BNB spiked and tested the USD 442 level. There was no test of