Bitcoin price remained stable above USD 55,500 and started a steady increase. After a couple of attempts, the bulls were able to push the price above the USD 57,200 resistance. As a result, BTC gained traction and it is currently (04:30 UTC) trading above USD 58,000.
Similarly, most major altcoins are rising and showing positive signs. ETH broke the USD 2,020 and USD 2,050 resistance levels. XRP/USD is surging and it is now trading above USD 1.00.
Total market capitalization
After a successful break above USD 57,200, bitcoin price gained bullish momentum. BTC even cleared the USD 57,500 and USD 58,000 resistance levels. The price is now consolidating gains, with an immediate resistance near USD 58,250. The first key resistance is near USD 58,500, above which the price might rise towards USD 59,500 or USD 60,000.
On the downside, the USD 57,500 level is a short-term support. The main support is now near USD 57,200 (the recent breakout zone).
Ethereum price also followed bitcoin and it broke the key USD 2,020 resistance zone. ETH even cleared USD 2,050 and it traded close to the USD 2,100 level. If there is a clear break above USD 2,100, the price could rally to a new all-time high in the coming sessions.
On the downside, USD 2,050 level is a decent support. The key support is now forming near the USD 2,000 level.
BNB, ADA, litecoin, and XRP price
Binance Coin (BNB) settled above the USD 400 level and it even traded to a new all-time high. BNB is now consolidating gains and it seems like the price might rise towards the USD 425 and USD 432 levels. If there is a fresh decline, the price might find bids near USD 400 or USD 392.
Cardano (ADA) is back above USD 1.200 and it might attempt an upside break above 1.220. If the bulls succeed, there are chances of a strong increase towards the USD 1.285 and USD 1.300 resistance levels.
Litecoin (LTC) is attempting an upside break above the USD 225 resistance zone. If LTC settles above USD 225, it could climb higher towards the main USD 245 resistance. Conversely, there might be another downside correction towards the USD 212 support zone in the near term.
XRP price outperformed bitcoin once again and it climbed above the USD 0.98 and USD 1.00 resistance levels. The price is now consolidating gains and it might continue higher towards the USD 1.050 and USD 1.080 levels. The next major resistance is near the USD 1.125 level.
Other altcoins market today
Several altcoins gained over 10%, including BTG, KCS, ENJ, STX, BTT, CFX, RUNE, MIOTA, and WAVES. Out of these, BTG rallied above the USD 110.00 level.
Overall, bitcoin price is seemingly gaining pace above the USD 57,500 and USD 58,000 levels. If BTC clears the USD 58,500 resistance, there are chances of a steady increase towards the USD 60,000 level in the coming sessions.