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Bitcoin Hovers Above USD 59K, Ethereum and Altcoins Remain Supported
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Bitcoin price extended its upward move above the USD 59,500 level. BTC even tested the USD 60,000 zone before correcting lower. It is currently (12:10 UTC) trading around USD 59,500.
Besides, most major altcoins are trading in a positive zone. ETH broke the USD 3,800 resistance zone but failed near USD 3,850. XRP failed to gain pace above the USD 1.15 pivot level. ADA spiked above USD 2.20 before there was a downside correction.
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In the past three sessions, bitcoin price followed a bullish path above USD 57,000. BTC was able to clear the USD 58,500 and USD 59,200 resistance levels. It tested the USD 60,000 zone before there was a downside correction. On the downside, an initial support is near USD 59,000. The next
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