Bitcoin price is trading above the USD 46,200 and USD 47,000 support levels. Ethereum is well above USD 3,050, XRP is consolidating above USD 1.10. SOL was up 9% and topped the $ 100 mark.
Bitcoin price holds the support levels of $ 47,200 and $ 47,000. If BTC breaks the USD 49,000 resistance, it could see a bigger surge. It is currently consolidating (12:24 UTC) near the $ 48,000 level with an immediate hurdle at $ 48,500.
Similarly, most of the major altcoins hold vital supports. ETH is trading well above key support levels of $ 3,050 and $ 3,000. XRP is above $ 1.05 but faces hurdles at $ 1.20. ADA could continue to rise towards the major resistance at USD 3.00.
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Recently, Bitcoin price has tried to gain strength above the $ 48,500 mark but has failed. BTC is now consolidating near the USD 48,000 mark. Initial support is near the USD 47,500 level. The next major support is near the $ 47,200 level. Other drawbacks could potentially push the price towards the $ 46,500 support.
On the flip side, an initial hurdle is close to the $ 48,500 level. The first major resistance is near the $ 49,000 mark, followed by $ 49,200. To start a new rally, the price has to settle above the USD 50,000 resistance.
The Ethereum price has settled below the pivot level of USD 3,200. However, ETH is trading well above the USD 3,120 support zone. If there is a close below $ 3,120, the price could revisit the key support zone of $ 3,050.
A further increase towards USD 3,220 could encounter hurdles. The main resistance is at $ 3,250, above which ETH could attempt a break above the $ 3,300 mark.
ADA, LTC, DOGE and XRP prices
Cardano (ADA) is rising to trade above $ 2.75. The first major resistance is near the $ 2.88 level. If it breaks above $ 2.88, the price could test $ 3.00. Conversely, there is a risk of a downward correction towards USD 2.65.
Litecoin (LTC) is trading above the USD 165 support. LTC is back above $ 170 but is struggling to gain pace above $ 175. The next stop could be at $ 180. The main resistance is at $ 188, above which the price could hit the $ 200 mark again.
Dogecoin (DOGE) surged above $ 0.280 but couldn’t accelerate any higher. The price made a high near $ 0.290 and is now consolidating. The main breakout zone is near the $ 0.300 level, which is where the bears could take a stance.
The XRP price is trading well below the $ 1.20 pivot level. It holds the $ 1.10 support below which it could slide towards $ 1.05. The next big support is near the USD 1.00 handle.
Different Altcoins Market Today
Some altcoins are up over 5% including REV, FTM, PERP, FLOW, WAVES, SAND, SOL, EGLD, ENJ, BSV, ICP and MANA. Of these, FTM rebounded nearly 39%, beating the USD 0.70 level.
Overall, Bitcoin price is trading above key supports like $ 47,200. If BTC rises above $ 48,500, it could replace $ 49,200 in the short term.
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