Bitcoin price started a fresh rise above the $45,500 resistance zone and even briefly broke above the $47,000 level. It is currently consolidating gains near $46,900 and an upside break above $47,500 is on the cards.
Likewise, most major altcoins are gaining bullish momentum. ETH was able to break through the $3,300 resistance zone. XRP broke above the resistance of $0.85. ADA may soon test the resistance of $1.20.
Total market capitalization
bitcoin price
After closing above USD 44,000, the price of Bitcoin recorded a further rise and was up 5% in one day. BTC broke above the $45,500 resistance level and then the $46,200 resistance level before testing the $47,500 resistance zone. If the bulls stay in action, the price might even break above $48,000. The next major resistance is near the $48,800 level, above which the price might even attempt a move towards $50,000.
In case of a downward correction, the price might find support near the USD 46,500 level. The next major support lies near $46,200, below which the price could test $45,500.
Ethereum price
Ethereum price also broke above the resistance of $3,200 and jumped 5% in one day. ETH broke above the $3,250 and $3,300 levels. It is now consolidating near the USD 3,300 level. The next key resistance could be found near the $3,350 level, above which the price could rise up to $3,420.
On the downside, the price might find support near the $3,280 level. The next major support lies near the $3,200 level, below which the price may test the $3,150 support zone.
Prices of ADA, BNB, SOL, DOGE, and XRP
Cardano (ADA) broke above the $1.15 resistance zone. It even climbed above $1.165 and continues to rise. The main barrier is near $1.20, above which the price could pick up some bullish momentum.
Binance Coin (BNB) is up nearly 4% and has clearly broken above the $425 resistance. The bulls are now targeting a move above the USD 435 level. The next major hurdle on the upside is near the $450 level.
Solana (SOL) is up nearly 5% and the bulls managed to push the price above $105. The next key resistance is near the $112 level, above which it could rise towards $120.
Dogecoin (DOGE) started a strong rise above the resistance at $0.142. The price even broke above the $0.148 level. If the bulls push the price above $0.150, DOGE could accelerate further.
XRP price was able to break above the $0.85 resistance and it may soon test the $0.88 resistance. The next major resistance is seen near the $0.90 level, above which the price could hit $1.0.
Other altcoins in the market today
Many altcoins are up more than 5%, including AVAX, DOT, SHIB, MATIC, CRO, ATOM, UNI, XLM, VET, ICP, FIL, and APE. Of these, FIL gained over 27% and broke the $24 level, taking its weekly gains to 40%.
Overall, Bitcoin price is trading in a positive zone above the $46,500 level. BTC could break above the resistance levels of $47,500 and $48,000 in the near term.
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