- Bitcoin price is fluctuating above USD 47,000.
- Ethereum is still hovering near USD 3,400, XRP remains supported near USD 0.85.
- SOL increased its gains, while ZIL corrected lower.
Bitcoin price is still consolidating above the USD 47,000 level and is currently (11:48 UTC) trading near USD 47,100. It’s almost unchanged in a day.
Meanwhile, ETH is stuck near USD 3,400, while XRP is still below the USD 0.90 resistance. ADA is trying to reach the USD 1.245 resistance.
Total market capitalization
Bitcoin price
In the past few sessions, bitcoin price saw range moves above the USD 46,500 support. BTC moved higher above the USD 47,000 resistance. On the upside, the price is facing a hurdle near the USD 47,500 level. The next major resistance is near the USD 48,000 level, above which the price could start a steady increase. In this case, the bulls might aim for USD 50,000.
On the downside, the price might find bids near the USD 46,800 level. The next major support is near USD 46,200, below which the price might even decline to USD 45,500.
Ethereum price
Ethereum price is consolidating near the USD 3,400 pivot zone and is unchanged in a day. ETH is facing resistance near the USD 3,450 level. The next key resistance might be near the USD 3,500 level, above which the price could rise toward the USD 3,650 level.
On the downside, the price might find support near the USD 3,400 level. The next major support is near the USD 3,350 level, below which the bulls could struggle in the near term.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) settled above the USD 1.20 level. It is now consolidating near the USD 1.22 level. The key hurdle is near the USD 1.245 and USD 1.250 levels, above which the price may perhaps accelerate higher.
BNB is up 2% and trading above the USD 445 level. It is now attempting a clear move above the USD 450 level. A close above this level could set the pace for a larger increase.
Solana (SOL) gained over 13% and there was a clear move above the USD 125 resistance. If there are additional gains, the price might rise towards the USD 132 level. SOL is now up 33% in a week.
DOGE is stuck below the USD 0.148 resistance. The main hurdle is still near the USD 0.150 resistance zone. A clear break and close above the USD 0.150 could start a stronger increase.
XRP price is still consolidating near the USD 0.865 level. The key breakout zone is still USD 0.90. If the bulls succeed in clearing USD 0.90, the price might gain bullish momentum.
Other altcoins market today
Many altcoins are up over 5%, including AVAX, UNI, TRX, SAND, THETA, XTZ, HNT, MIOTA, CAKE, BTT, ONE, and ENJ. ZIL, the best performer among the top 100 coins by market capitalization today and in the past week, corrected lower after reaching USD 0.21 earlier today and is now trading near USD 0.19. It’s still up 18% in a day and 287% in a week.
To sum up, bitcoin price is still consolidating above the USD 47,000 level. For a stronger increase, BTC needs to clear the USD 48,000 resistance zone. If it fails, BTC might decline below USD 46,000.
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Source: Cryptonews
