Bitcoin Returns Above USD 44K, Ethereum Accelerates, SOL, MATIC, and AVAX Rally
Bitcoin price remained well bid above the USD 43,000 level. BTC extended its increase above the USD 43,850 and USD 44,000 levels. It is currently (11:54 UTC) showing positive signs near USD 44,400 and is up 5% in a day and 1% in a week.
Similarly, most major altcoins are gaining bullish momentum. ETH climbed further above the USD 3,080 resistance zone. XRP is still struggling to gain pace for a move above USD 0.850. ADA is approaching the USD 1.12 resistance zone.
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After a close above USD 42,500, bitcoin price climbed above the USD 43,500 resistance and even surpassed the USD 44,000 level. If the bulls remain in action, it could visit the USD 45,000 level. The next resistance is near the USD 45,500 level, above which the price might rally to USD 46,800.
On the downside, an immediate support is near the USD 43,500 level. The next key support is near the USD 43,200 level, below which the price could continue to move down towards USD 42,500.
Ethereum price settled above the USD 3,000 level. ETH recovered steadily and climbed above the USD 3,100 resistance, trimming its weekly losses to almost 1%. It is now facing resistance near the USD 3,120 level. The next key resistance could be near the USD 3,200 zone, above which it could rise to USD 3,320.
If there is a downside correction, the price might find support near USD 3,000. The next major support is near USD 2,950, below which the price could start a fresh decline.
Cardano (ADA) is up almost 6% and there was a clear move above the USD 1.08 resistance. It seems like the price may possibly test USD 1.12. If not, it could dip and retest the USD 1.05 support.
Binance coin (BNB) is up 8% and the bulls were able to push the price above the USD 420 resistance.
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