Bitcoin price resumed its upward trend over the USD 45,500 resistance zone, briefly exceeding the USD 47,000 milestone. It is consolidating gains near USD 46,900 at the moment (04:00 UTC) and aiming an upside break above USD 47,500.
Similarly, the majority of big altcoins are gaining pace. ETH successfully broke through the USD 3,300 resistance zone. XRP is now trading over the USD 0.85 resistance level. ADA may likely face resistance at USD 1.20.
Total market capitalization
Following a close above USD 44,000, bitcoin’s price began a new upward trend and is now up 5% in a single day. BTC broke through the USD 45,500 resistance mark to enter the positive territory. It even surged beyond the USD 46,200 resistance zone and tested the USD 47,500 level. If the bulls maintain their momentum, the price may potentially exceed USD 48,000. The next significant resistance level is near USD 48,800, above which the price may make a rise to USD 50,000.
If the price corrects downward, it may find support near the USD 46,500 mark. The next significant support level is near USD 46,200, and a break below that level could result in a test of USD 45,500.
Ethereum’s price also surged past the USD 3,200 resistance and increased by 5% in a single day. ETH traded above the USD 3,250 and USD 3,300 support levels. It is consolidating near the USD 3,300 level at the moment. The next significant resistance level may be near USD 3,350, above which the price may surge to USD 3,420.
On the downside, support may be found near the USD 3,280 level. The next significant support zone is near the USD 3,200 level, below which the price may test the USD 3,150 level.
Price of ADA, BNB, SOL, DOGE, and XRP
Cardano (ADA) increased its momentum above the USD 1.15 resistance level. It has even surpassed USD 1.165 and is continuing to rise. The primary resistance level is near USD 1.20, a level above which the price may develop upward momentum.
BNB is up about 4% and has broken through the USD 425 obstacle. Bulls are now trying for a break above USD 435. The next significant upward obstacle is near the USD 450 level.
Solana (SOL) is up nearly 5%, with bulls successfully pushing the price above USD 105. The next significant resistance level is near USD 112, above which it might move to USD 120.
DOGE has begun a rapid ascent above the USD 0.142 resistance. The price even reached a high of USD 0.148. DOGE could accelerate further if bulls push the price above USD 0.150.
The XRP price was able to overcome the USD 0.85 level and is likely to test the USD 0.88 resistance in the near future. The next significant resistance level is near USD 0.90, above which the price may rally to USD 1.0.
Other altcoins market today
Numerous altcoins, including AVAX, DOT, SHIB, MATIC, CRO, ATOM, UNI, XLM, VET, ICP, FIL, and APE, are up over 5%. FIL surged over 27% and broke beyond the USD 24 mark, bringing its weekly gain to 40%.
Bitcoin’s price is currently trading in a bullish zone above the USD 46,500 mark. In the near future, BTC may move over the USD 47,500 and USD 48,000 resistance levels.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.