Bitcoin Tests USD 45K Again, Ethereum Gains Bullish Momentum, Altcoins in Green Too
Bitcoin price is gaining momentum above USD 44,000 and is testing USD 45,000.Ethereum is back above USD 3,200, XRP nears USD 0.90.SCRT and SLP jumped 12% and 33%, respectively.
Bitcoin price remained well bid above the USD 43,000 level. BTC started a fresh increase and traded above the USD 44,000 level. It is currently (11:52 UTC) gaining pace and is trading around USD 45,000.
Similarly, most major altcoins are gaining bullish momentum. ETH is back above USD 3,200 and might rally to USD 3,320. XRP is attempting an upside break above USD 0.90. ADA could gain pace if it settles above USD 1.20.
Total market capitalization
After finding bids near USD 43,000, bitcoin price started a fresh increase. BTC gained pace and surpassed the USD 44,000 resistance and moved above USD 45,200 before correcting lower. The next major resistance is near the USD 45,500 level, above which the price could surge to USD 47,000.
On the downside, an immediate support is near the USD 44,200 level. The next key support is near the USD 44,000 level, below which the price might start a fresh downside correction.
Ethereum price remained supported near the USD 3,050 level. ETH started a fresh increase and climbed above USD 3,200. It even surpassed USD 3,250 and might surge to USD 3,320. The next key resistance could be near the USD 3,350 zone.
On the downside, an initial support is near the USD 3,200 level. The next major support is near USD 3,120, below which the price could retest USD 3,050.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) is moving higher and trading above the USD 1.20 level. A proper close above this level might push the price towards USD 1.25. Any more gains may possibly call for a test of the USD 1.30 level.
Binance coin (BNB) is back above the USD 420 level. It even broke the USD 425 level and is moving higher towards USD 432. If the bulls remain in action, the price might surge towards the USD 445 and USD 450 levels.
Solana (SOL) managed to clear the USD 112 resistance. It could rise further and test the USD 120 level. If not, there is a risk of a fresh decline towards the USD 100 level in the near term.
DOGE is attempting an upside break above the USD 0.162 level. The next major resistance is near the USD 0.168 and USD 0.175 levels. If there is no upside break, the price could slide below the USD 0.150 support.
XRP price is rising and attempting a close above the USD 0.90 level. The next major resistance is near the USD 0.920 level, above which the bulls might test the USD 1.00 resistance zone.
Other altcoins market today
Many altcoins are up over 5%, including SHIB, CRO, BCH, ETC, VET, THETA, SLP, SCRT, ONE, FLOW, MKR, and NEO. Out of these, SCRT jumped 12%, testing USD 7.2 and increasing its weekly gains to almost 48%. SLP rallied 33% and reached USD 0.03378. It’s up 261% in a week.
To sum up, bitcoin price is moving higher towards USD 45,000 and USD 45,500. If there is an upside break, BTC may perhaps rise towards the USD 47,000 level.