Bitcoin price started a strong increase above the USD 29,500 level and even spiked above USD 30,500. It is currently (11:46 UTC) showing positive signs near USD 30,700 and is up 5% in a day and 1% in a week.
Similarly, most major altcoins are also moving higher. ETH could gain pace if it clears the USD 1,920 resistance zone. XRP is still struggling to settle above USD 0.40. ADA settled above USD 0.505 and might continue to rise.
Total market capitalization
After a close above USD 29,500, bitcoin price extended gains. If the bulls remain in action after clearing the USD 30,500 level, the price may perhaps climb above the USD 31,200 resistance. The next key resistance is near USD 32,000, above which the price could rise towards USD 33,200.
On the downside, an immediate support is at USD 30,000. The first major support is near the USD 29,500 level, below which the price could test the key USD 28,500 support.
Ethereum price started a steady increase above the USD 1,850 resistance zone. The price even climbed above USD 1,900, but it struggled to clear the USD 1,920 resistance. ETH is now up 6% in a day and down 7% in a week. The next major resistance is near USD 1,950, above which the price could test USD 2,000.
On the downside, an initial support is near the USD 1,820 zone. The next major support is near the USD 1,800 level, below which the price might revisit USD 1,750.
Cardano (ADA) settled well above the USD 0.50 resistance level and even spiked above USD 0.520. If the bulls remain in action, the price could rise steadily towards the USD 0.55 resistance. ADA is up 12% in a day.
BNB is moving higher and approaching the USD 320 resistance level. A clear move above this level could fuel a stronger increase. The next major resistance
Read more on cryptonews.com