Bitcoin price was able to stay above the main USD 30,000 support zone. As a result, BTC started a fresh increase above the USD 33,500 resistance. It is currently (04:37 UTC) showing positive signs above USD 34,000 and it could aim for a break above USD 35,000.
Similarly, most major altcoins are rising steadily. ETH remained above the USD 1,700 support and it is now back above USD 1,900. XRP/USD might rise steadily towards USD 0.70 or even USD 0.72.
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Bitcoin price
Recently, bitcoin price started a fresh increase above USD 33,500 after the bulls successfully defended the USD 30,000 support zone. BTC traded above the USD 34,000 level, but it is still struggling to clear the USD 35,000 resistance. The price is now trading in a positive zone and it could start another rally if there is a close above USD 35,000.
An initial support on the downside is near the USD 34,000 level. The first major support is now forming near the USD 33,500 level. The main weekly support sits at USD 30,000.
Ethereum price
Ethereum price stayed above the USD 1,700 support zone. As a result, ETH started a fresh increase above the USD 1,900 level. The price is back above USD 1,950, but it must clear USD 2,000 for a strong increase. The key weekly resistance sits near the USD 2,050 level.
If there is a fresh decline, the price could find bids near USD 1,900. The first major support is now forming near the USD 1,850 level, below which ETH could revisit USD 1,700.
BNB, LTC, DOGE, and XRP price
Binance Coin (BNB) is holding gains above the USD 280 level. An immediate resistance is near the USD 300 level. A close above USD 300 might set the pace for a move towards the USD 325 level. If not, there is a risk of a drop towards the USD 265 support zone.
Litecoin (LTC) is trading above the USD 125 level. If LTC gains pace for a break above USD 135, it could rise towards the USD 150 level. Conversely, it could decline towards USD 112. The main weekly support on the downside is near the USD 105 level.
Dogecoin (DOGE) is consolidating near the USD 0.250 level. An initial resistance is near the USD 0.265 level. The first major resistance is near the USD 0.280 level, above which it could test USD 0.300.
XRP price settled above the USD 0.600 level. The price is back above USD 0.620 and it might accelerate higher above USD 0.650. The next major resistance on the upside is near USD 0.700. On the downside, the bulls might remain active near the USD 0.600 level.
Other altcoins market today
Several altcoins gained over 5%, including ICP, XDC, CEL, SC, ONE, COMP, KCS, FTM, FTT, RUNE, and ZRX. Out of these, after a sharp correction last week, ICP rallied almost 50% and it could even aim for a break above USD 50. The price is still down by almost 5% in a week.
Overall, bitcoin price is showing positive signs above USD 33,500 and USD 34,000. If BTC settles above USD 35,000, the bulls could take control in the near term
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Source: Cryptonews
