Bitcoin price started rising again above the USD 48,000 resistance. BTC even surpassed $ 50,000 and tested $ 50,500. It is currently consolidating (11:45 UTC) gains near $ 50,000 with a key support at $ 49,200.

Similarly, most of the major altcoins trade in an upward zone. ETH rose to over $ 3,350 before correcting a few points. XRP extended its rally and tested $ 1.30. ADA is slowly rising towards the USD 3.00 resistance.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After a steady increase, the Bitcoin price was able to level off over USD 50,000. BTC even tested the USD 50,500 resistance zone. It started consolidating gains near $ 50,000 and could correct downwards. Initial support is near the $ 49,500 level. The first major support is at $ 49,200, below which the price could drop further.

On the flip side, an initial hurdle is close to the $ 50,500 level. The next major resistance is at $ 51,200, above which the price could test $ 52,000.

Ethereum price

Ethereum price has also extended its upward move above the USD 3,300 resistance. ETH rose to over $ 3,350 and tested $ 3,365. It is now stable above the $ 3,300 mark. On additional losses, the price could test the USD 3,250 support zone.

If it rallies again, the price could top the $ 3,365 high. The next major resistance is at $ 3,420. Further gains could open the doors for a move towards $ 3,500.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) outperformed Bitcoin, rising over 10%. ADA even surpassed the USD 2.80 resistance. If the bulls remain active, the price could potentially move towards the $ 3.00 level. If corrected down, the price could find bids near the $ 2.75 level. The next big support is near the $ 2.60 level.

Litecoin (LTC) is slowly rising and has even tested the USD 188 level. Immediate resistance is near the USD 195 level. The main resistance is near the USD 200 mark. Further gains could open the doors for a move towards the $ 220 level.

Dogecoin (DOGE) has broken the $ 0.320 resistance but is struggling to gain bullish momentum. If DOGE breaks the $ 0.335 resistance it could extend gains. Conversely, there could be a downside correction towards the USD 0.300 support zone.

XRP price gained pace above the USD 1.280 resistance zone. It even tested the USD 1.30 level before initiating a downward correction. The price now forms a base above the USD 1.25 level. If it breaks the $ 1.30 resistance, it could see a steady spike towards the $ 1.35 level. On the downside, the main support is now at $ 1.20.

Different Altcoins Market Today

Many altcoins are up over 8% including TEL, DASH, NANO, AMP, XMR, RUNE, AVAX, BNB, KCS, CHSB and CAKE. Of these, DASH gained 15%, beating the USD 270 level.

To sum up, Bitcoin price is consolidating gains near the $ 50,000 mark. If BTC climbs above $ 50,500, it could soar towards $ 52,000.
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Bitcoin and Ethereum remain supported, BNB rises to $ 500 101

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