Bitcoin price remained well bid above the USD 59,000 and USD 59,200 support levels. BTC is currently (04:30 UTC) rising and it is trading above USD 60,000. If it clears the USD 61,200 zone, there could be a sharp increase in the coming sessions.
Similarly, most major altcoins are showing positive signs too. ETH might accelerate higher once there is a clear break above USD 2,180 and USD 2,200. XRP/USD could surpass the USD 1.500 resistance.
Total market capitalization
After a minor downside correction, bitcoin price remained well bid above the USD 59,000 level. BTC regained strength and it climbed back above the USD 60,000 level. It is showing positive signs, but it is also facing hurdles near USD 60,850 and USD 61,200. If the bulls manage to clear USD 61,200, there are chances of a steady increase in the coming sessions.
On the downside, the USD 60,000 level is an immediate support. If there is a downside break below USD 60,000, the price might decline towards the USD 59,200 level.
Ethereum price is holding gains above the USD 2,100 support zone. ETH seems to be facing strong resistance near the USD 2,180 and USD 2,200 levels. A successful upside break above USD 2,200 could open the doors for a rally in the near term.
On the downside, USD 2,100 level is a key support. A clear break below USD 2,100 might call for an extended drop to USD 2,050 or even USD 2,000.
BNB, ADA, litecoin, and XRP price
Binance coin (BNB) corrected sharply after setting a new all-time high at USD 638. BNB declined below USD 600, but it is holding gains above the USD 550 support. If there are more losses, the bulls might take a stand near the USD 500 support zone in the near term.
Cardano (ADA) is traded close to the USD 1.350 level before correcting lower. ADA is now consolidating above USD 1.300. The next major support is at USD 1.285, below which it could revisit the USD 1.220 support. On the upside, the USD 1.350 level is a key breakout zone.
Litecoin (LTC) is now trading below the USD 250 pivot level. However, the bulls are protecting the USD 242 and USD 245 levels. If they fail, the price could decline towards the USD 230 level. On the upside, the main resistance is now forming near USD 255 and USD 262.
XRP price is rising and it is now trading above the USD 1.450 level. It seems like it could soon revisit the USD 1.500 level. Conversely, the USD 1.400 level might provide support if there is a downside correction.
Other altcoins market today
Several altcoins climbed over 8%, including UNI, CHZ, RUNE, SUSHI, MKR, AAVE, NEXO, STX, ONE, FLOW, and ZRX. Out of these, UNI, CHZ, and RUNE rallied over 15%.
Overall, bitcoin price is showing positive signs above the USD 60,000 and USD 59,800 levels. However, BTC must gain strength above USD 61,200 for a major upside break in the near term.