Bitcoin price settled above the USD 34,000 pivot level. BTC seems to be forming a base above USD 34,000 and it could gain pace if it clears USD 35,000. It is currently (12:15 UTC) showing positive signs and it might remain well bid above USD 33,500.
Besides, most major altcoins are gaining bullish momentum. ETH extended its upward move and it even spiked above USD 2,400. XRP is trading above USD 0.65, but it must gain pace for a break above USD 0.70.
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Bitcoin price
After a decent upward move, bitcoin price settled above the USD 34,000 resistance. BTC is showing positive signs, with a breakout zone near USD 35,000. A daily close above the USD 35,000 resistance could open the doors for a stronger increase. In this case, the price could test USD 36,500.
If there is a fresh decline, an initial support is near the USD 34,000 level. The first key support is near USD 33,500, below which the price could test the USD 33,200 support level.
Ethereum price
Ethereum price extended its rise above the USD 2,380 resistance. ETH even spiked above USD 2,400 before a downside correction. The price dipped, but the bulls are defending the USD 2,350 level. The next major support is near the USD 2,320 level.
On the upside, the price is facing hurdles near USD 2,400. A proper close above USD 2,400 could set the pace for a move towards the USD 2,500 level.
BNB, LTC, DOGE, and XRP price
Binance Coin (BNB) is rising and it broke the USD 325 resistance level. BNB could soon clear the USD 335 level. The next major resistance is near USD 350, where the bears might take a strong stand. If there is a dip, the price may possibly find support near USD 312.
Litecoin (LTC) is stuck near the USD 140 level. It seems like LTC is preparing for a move towards the main USD 150 resistance zone. Conversely, the price might remain stable near the USD 132 support level.
Dogecoin (DOGE) is finding bids near the USD 0.232 level. If it remains stable, there could be a recovery wave towards USD 0.250. Any more gains could lift the price towards the USD 0.265 level. The next major resistance sits at USD 0.280.
XRP price is consolidating above the USD 0.650 support zone. It is now facing resistance near the USD 0.680 level. The main resistance is still near USD 0.70. On the downside, a break below USD 0.650 might increase selling pressure in the near term.
Other altcoins market today
Many altcoins climbed over 10%, including KCS, MANA, ONE, FTT, KSM, ENJ, LUNA, STX, CHZ, NEXO, ZRX, and DOT. Out of these, KCS rallied over by 22% and it cleared the USD 13.50 level.
To sum up, bitcoin price is trading in a positive zone above USD 34,000. If BTC bulls remain active, there are chances of a steady increase above the USD 35,000 resistance zone.
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Source: Cryptonews
