- Bitcoin price began a steady recovery and topped $ 47,000.
- Ethereum broke the USD 3,400 resistance, XRP is still below USD 1.12.
- LINK and UNI gained over 10%.
Bitcoin price formed a base above the $ 45,000 level and started rising again. BTC broke the USD 46,000 and USD 46,500 resistance levels. It is currently trading above $ 47,000 (04:28 UTC) and could correct downward in the short term.
Similarly, most of the major altcoins are showing signs of rebounding. ETH was able to climb above the resistance levels of USD 3,380 and USD 3,400. XRP is still struggling to gain momentum above $ 1.10. ADA is consolidating near the USD 2.40 level.
Total market capitalization
After the Bitcoin price formed a base near $ 45,000, it rose steadily. BTC broke the USD 46,000 resistance and moved into a positive zone. It even climbed above the $ 47,000 and $ 47,200 resistance levels. On the flip side, immediate resistance is near $ 47,500. The next major resistance is near the $ 48,000 mark, above which price could gain upside momentum.
On the downside, initial support is close to the $ 46,800 level. The first big support could be $ 46,500, below which the price could hit $ 46,000 again.
Ethereum price also started a steady upward move above the $ 3,350 level. ETH broke the $ 3,380 and $ 3,400 resistance levels. It rose towards $ 3,450 where it faced sellers. If there is a clear breakthrough above the USD 3,450 mark, the price could rise further towards the USD 3,500 hurdle.
If corrected down, the price could find bids near the $ 3,365 level. The next major support appears to be forming near the USD 3,320 level.
ADA, LTC, DOGE and XRP prices
Cardano (ADA) is struggling with another spike above the $ 2.45 level. The first major resistance is near the USD 2.50 level. The next important pivot level is at USD 2.55, above which the price could rise towards USD 2.65 in the short term. If not, it could revisit $ 2.25.
Litecoin (LTC) hovered above the USD 180 mark. Immediate resistance is near the USD 185 level. The main resistance is at $ 188, above which the price could hit $ 200 again. On the flip side, the bulls could remain active near the USD 172 level.
Dogecoin (DOGE) is trying to rebound above the USD 0.240 level. The first major barrier is at $ 0.250. A closing price above the $ 0.250 level could trigger a surge towards the $ 0.265 level. The next major resistance is near $ 0.280.
XRP price is consolidating above the USD 1.05 support level. It appears that the price is preparing to break above the $ 1.10 level. If price breaks the $ 1.12 resistance, there could be a steady move towards $ 1.20.
Different Altcoins Market Today
Many altcoins gained over 10%, including HBAR, CRV, XEC, AAVE, SUSHI, IOST, PERP, COMP, SNX, UNI, THETA, LINK, ICX and RUNE. Of these, the HBAR rebounded over 26% and broke the $ 0.5 mark. Meanwhile, LINK reached USD 30 while UNI exceeded USD 25.
Overall, Bitcoin price is trading in a positive zone above USD 47,000. If BTC stays stable above $ 46,000, it could continue to climb towards $ 48,000 or even $ 48,500.
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