Bitcoin price started consolidating gains after tagging the USD 46,700 zone. BTC is currently (13:17 UTC) trading in a range above the USD 45,000 support level. If the bulls remain active, the price could aim for a fresh high above USD 46,700.
Similarly, most major altcoins might continue higher. ETH is trading well above USD 3,000 and it could soon surpass USD 3,200. XRP remains well bid above USD 0.80 and is approaching USD 0.85.
Total market capitalization
After almost testing USD 46,500, bitcoin price started a downside correction. BTC traded below the USD 46,000 support zone. However, the bulls are protecting the USD 45,000 and USD 44,500 support levels and the price is trying to move towards USD 46,000 again, which is an initial resistance.
The first key resistance is near the USD 46,500 level, above which the price might aim for a fresh monthly high.
Ethereum price is stable above the USD 3,050 support level. An immediate resistance is near the USD 3,180 level. The main resistance is still near the USD 3,200 zone. A successful close above USD 3,200 could trigger a stronger increase. In this scenario, the price could even rise towards USD 3,350.
On the downside, an initial support is near the USD 3,050 level. The main support is near the USD 3,000 level, below which the price might drop to USD 2,900.
ADA, LTC, DOGE, and XRP price
Cardano (ADA) is showing positive signs above USD 1.50 and it is up over 8%. The price is trading above USD 1.55 and it could soon test the USD 1.60 resistance. Any more gains could set the pace for a larger increase towards the USD 1.65 and USD 1.66 levels.
Litecoin (LTC) surged above the USD 160 level. It even tested the USD 170 level before there was a downside correction. It is now consolidating above USD 160, with a decent support at USD 155. The main support is now forming near the USD 150 level.
Dogecoin (DOGE) was correcting gains and traded below the USD 0.250 level before moving higher again. The key support is at USD 0.220. The price may possibly rise towards the USD 0.272 level in the near term.
XRP price accelerated towards the USD 0.850 level. If it fails, there is a risk of a drop towards the USD 0.780 support. The next major support is at USD 0.750.
Other altcoins market today
A few altcoins climbed over 5%, including RVN, AXS, ONE, ICP, AVAX, EGLD, VGX, KSM, and DGB. Out of these, RVN rallied over 30% and it broke the USD 0.135 resistance before correcting lower.
To sum up, bitcoin is seemingly gaining momentum above USD 45,500 and it might start a fresh increase towards USD 48,000 in the coming sessions.