The price of Bitcoin has corrected lower from the $ 51,500 area. BTC is currently testing the $ 51,000 area and a clear move above $ 51,500 could potentially push the price towards the $ 53,000 level.
Likewise, most of the major altcoins are also on the rise. ETH could accelerate if there is a clear move above the $ 4,120 level. XRP is now trading well below the resistance area of $ 1.00. ADA could pick up speed towards the $ 1.50 level.
Total market capitalization
Bitcoin price
After a slight downward correction, the price of Bitcoin formed a base above the $ 50,000 level. BTC has started a further rise above the $ 50,500 and $ 50,800 thresholds. It is facing resistance near $ 51,200. The next resistance is near the $ 51,500 area, above which the price may jump to $ 53,500.
On the downside, early support is near the $ 50,500 level. The next major support is near $ 50,000. A daily close below $ 50,000 could trigger a larger downward correction.
Ethereum Price
Ethereum is currently trading well near the pivotal $ 4,000 area. Price is now targeting resistance at $ 4,120. The next key resistance is near the $ 4,150 level, above which the price may test $ 4,250.
Early support is near the $ 4,050 level. The next key support is near the $ 4,000 level, below which the price may retest at $ 3,920.
ADA, BNB, SOL, DOGE and XRP prices
Cardano (ADA) price has started to rise steadily from the $ 1.40 support zone. It is trading above $ 1.45 and may continue to rise towards $ 1.48. The main weekly resistance is now near the $ 1.50 level.
Binance Coin (BNB) is approaching the resistance of $ 550. A sharp break above $ 550 could drive the price towards $ 565. If there is a downward correction, the price may drop to the $ 532 level.
Solana (SOL) broke through the resistance of 188 USD and is testing the 200 USD barrier. A close above the $ 200 level could potentially improve market sentiment. Otherwise, there could be a downward correction towards USD 188.
The DOGE broke through the $ 0.180 and $ 0.185 levels. The next key resistance is near $ 0.195, above which it could move up to $ 0.20. Otherwise, it could correct down to the $ 0.172 level.
XRP price consolidates above the $ 0.90 level. Immediate resistance is near the $ 0.950 level. The next major resistance is near $ 1.00, where the “bears” could take a position. On the downside, the $ 0.90 level is a major breakout support.
Other altcoins market today
Many altcoins are up over 10% including VGX, KDA, THETA, FTM, ROSE, UNI, KSM, MINA, STX, ATOM, and ZIL. Of these, KDA rose 20% and broke the $ 15.00 level. In addition, the price jumped 47% in one week.
Overall, the price of Bitcoin is on the rise and could test $ 51,500. If BTC moves above $ 51,500, it could gain short-term bullish momentum.
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