Bitcoin and Ethereum Keep Moving Higher, AVAX and MATIC Jump
Bitcoin price started an upside correction above the USD 36,000 resistance zone. BTC was even able to clear the USD 37,000 level. It is currently (04:15 UTC) showing positive signs near USD 37,400 but is facing a key hurdle near USD 37,500.
Similarly, most major altcoins are also moving higher. ETH is facing resistance near the USD 2,500 level. XRP is trading above the USD 0.62 pivot level. ADA might gain momentum if it surpasses USD 1.08.
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After a recovery wave above USD 36,000, bitcoin price was able to extend gains. BTC climbed above the USD 36,800 and USD 37,000 levels. It is now facing a major resistance near the USD 37,500 level. The next major resistance is near USD 38,000, above which the price might rise towards the USD 40,000 barrier.
On the downside, an initial support is near the USD 36,400 level. The next major support is near USD 36,000, below which the price could revisit USD 35,000.
Ethereum price is moving higher above USD 2,450. The first key resistance is near the USD 2,500 level. A clear move above USD 2,500 might send the price higher. The next key resistance is near USD 2,620, above which the price might rise towards the USD 2,750 level in the near term.
An initial support is near the USD 2,400 level. The next major support is near USD 2,320, below which the price might start a fresh decline.
Cardano (ADA) is showing a few positive signs above the USD 1.02 and USD 1.04 levels. An immediate resistance is near USD 1.055. The first key barrier is still near USD 1.08, above which the bulls may perhaps gain strength.
Binance coin (BNB) is up 4% and there was a clear move above the USD 375 level. The price even tested USD 380 and is now facing resistance near USD 388, above which it
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