- Bitcoin price is consolidating near $ 48,000.
- Ethereum faces resistance near USD 3,600, XRP is still struggling below USD 1.12.
- SHIB rebounded over 32% and AUDIO gained 21%.
Bitcoin price corrected down from the USD 48,500 resistance zone. However, the bulls were active above the $ 47,000 mark. BTC is currently consolidating near $ 48,000 (04:28 UTC) and could attempt another break above $ 48,500.
Also, most of the major altcoins trade below the major hurdles. ETH corrected down towards USD 3,500 and is now facing resistance near USD 3,600. XRP could start a bigger spike once it breaks the $ 1.12 resistance. Similarly, ADA still fails to clear $ 2.50.
Total market capitalization
After a short-term downward correction, Bitcoin price found support near the USD 47,000 zone. BTC formed a base and began rising again above $ 47,500. The price is now showing positive signs and facing hurdles near $ 48,000. The next major resistance is near the $ 48,500 mark, above which price could gain upside momentum.
On the flip side, immediate support is near $ 47,500. The first major support is at $ 47,000, below which the price could correct to $ 46,500.
Ethereum price extended its surge above the $ 3,600 level. ETH even tested $ 3,675 before a downward correction occurred. It broke the $ 3,600 mark, but the bulls were active near the $ 3,500 mark. The price is now rising with a large resistance near the USD 3,600 mark. A closing price above $ 3,600 could trigger another spike.
If corrected further, the price could find support at $ 3,500. Further losses could lead the price towards USD 3,440.
ADA, LTC, DOGE and XRP prices
Cardano (ADA) is still trading well below the $ 2.50 resistance level. In order to start a bigger surge, the price has to cross $ 2.50 and $ 2.55. If so, the price could potentially drift towards $ 2.80. If not, it could correct downwards towards the $ 2.25 level.
Litecoin (LTC) extended its surge above $ 188. However, there was no test of the $ 200 resistance. LTC tested $ 195 and is now consolidating below $ 190. On the downside, the price could find bids near the USD 180 level.
Dogecoin (DOGE) is rising, moving above the $ 0.250 resistance level as the bulls are now targeting $ 0.265. The next major resistance is near $ 0.280. Conversely, the price could start a renewed decline below USD 2.35. The next big support is near the $ 0.220 level.
The XRP price was unable to settle above the USD 1.12 resistance zone. It is now consolidating near the USD 1.10 level. If the closing price is above $ 1.12, the price could move towards $ 1.20. If not, there is a risk of breaking down below the main USD 1.00 support zone.
Different Altcoins Market Today
Many altcoins gained over 5%, including SHIB, AUDIO, ATOM, AVAX, ALGO, EGLD, ZIL, BSV, CEL, LUNA and TRX. SHIB continued to recover Coin base Listing News, reaching USD 0.00000898. Conversely, TEL, REN, CRV, ZEN and REV have all decreased by over 5%.
Overall, Bitcoin price is trading in a positive zone above USD 47,000. If BTC breaks through $ 48,000 and $ 48,500, a surge towards the $ 50,000 level could begin.
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