Bitcoin price found support above the $ 46,650 level and is now (11:55 UTC) moving towards $ 48,000. To start a stronger surge, the price must cross the $ 48,500 resistance.
Most of the major altcoins are stuck in a range, with ETH gaining pace above the resistance levels of $ 3,250 and $ 3,300. XRP is consolidating above $ 1.10 and encountering resistance near $ 1.15. ADA could attempt an upside break above the $ 2.88 and $ 2.95 resistance levels.
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After a slight decline, Bitcoin price found support at $ 46,650. BTC remained in good bid and is moving towards $ 48,000. The first major resistance is at $ 48,200. The main resistance is now forming near $ 48,500, above which there are chances of moving towards the $ 50,000 mark.
On the downside, the price could continue to find bids near $ 46,500. The next big support is at $ 46,200, below which there is a risk of moving towards $ 45,000.
Ethereum price is up over 7% and has broken the important resistance of $ 3,250. ETH even climbed above USD 3,400. A closing price above $ 3,350 could set the tone for a test of $ 3,500.
On the downside, the price could find support at $ 3,280. The next big support is at $ 3,250 (the latest hurdle for the bulls).
ADA, LTC, DOGE and XRP prices
Cardano (ADA) appears to be gearing up for a big move, with immediate resistance at $ 2.85. The first major resistance is at $ 2.88, above which the bulls could push the price even above $ 2.95 and $ 3.00. On a downward correction, the $ 2.65 level could provide support.
Litecoin (LTC) tested the USD 165 support where the bulls showed up. The price is now recovering and is back above $ 170. If there is a significant break above $ 172 and $ 175, the price could accelerate towards $ 185. On the other hand, the price could go back up to $ 165.
Dogecoin (DOGE) is attempting another upward move with an important barrier near USD 0.280. A closing price above $ 0.280 and $ 0.282 could potentially open the doors for a move towards the $ 0.300 level. If not, it could retest the $ 0.250 support in the short term.
The XRP price ranges from $ 1.10 to $ 1.15. If the bulls continue to protect the $ 1.10 support, there could be an upside break above $ 1.15. The next major resistance is near the $ 1.20 level.
Different Altcoins Market Today
Many altcoins are up over 5%, including AR, CELO, ONE, ATOM, KSM, FTM, SOL, ALGO, DOT, CRV, UNI, SUSHI, EGLD, DGB and HT. Of these, AR rose over 50%, topping the $ 60 level.
To sum up, Bitcoin is still struggling below $ 48,500 while ETH and SOL are picking up pace. If BTC stays stable above $ 46,500, it could see a spike towards $ 50,000 in the near future.
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