Bitcoin price remained well above the USD 19,500 level. BTC started another increase above the USD 20,200 level. It is currently (04:00 UTC) trading above USD 20,500 and eyeing an upside break above USD 21,200.

Similarly, most major altcoins are moving higher. ETH rallied over 8% and cleared the USD 1,200 level. XRP is moving higher towards the USD 0.35 resistance zone. ADA might gain pace if it clears the USD 0.45 resistance zone.

Total market capitalization

After facing rejection near USD 20,500, bitcoin price corrected gains. BTC corrected lower but dips were limited below USD 19,500. The price started another increase and climbed above the USD 20,200 level. The bulls even pushed the price above the USD 20,500 level. The next major resistance could be USD 21,200, above which the price could gain bullish momentum.

On the downside, an initial support is near the USD 20,200 level. The next major support is near the USD 20,000 zone, below which the price could revisit USD 19,500.

Ethereum price followed a similar pattern and remained above the USD 1,050 level. ETH started a fresh increase and climbed above the USD 1,120 resistance. The price gained 8% and even broke the USD 1,200 level. The next major resistance sits at USD 1,250, above which the price could aim for a test of USD 1,320.

On the downside, the price might find support near USD 1,150. The next major support is near USD 1,120, below which the price could visit the USD 1,050 support zone.

Cardano (ADA) remained near the USD 0.42 support zone. It is now rising and moving higher towards the USD 0.45 resistance. A clear upside break above the USD 0.45 resistance might spark a sharp increase.

BNB moved higher, above the USD 235 resistance. The price could face resistance