UPDATE: Bitcoin price passed the $21,000 mark shortly after this article was written.
the bitcoin price remained stable and climbed above USD 19,500. As of this writing, BTC is looking for an upside break above the $20,500 resistance. If the bulls take over, the price could go up 4-5%.
Likewise, most major altcoins could begin a steady upward trajectory. ETH could break above $1,650 and test $1,700. XRP is approaching the resistance of $0.35. ADA broke through the resistance zone of $0.48.
bitcoin price
After forming a base above $18,500, Bitcoin price began an upward correction. BTC was able to break through the $19,000 and $19,200 levels. It traded higher above the $20,000 and $20,500 resistance levels in succession. In the event of a close above $20,500, the price could rise steadily.
On the downside, a first support can be found near the USD 19,000 level. The next major support is found near the $18,500 area, below which the price may resume a downward trajectory.
Ethereum price
Ethereum price is showing signs of a decent upside and is holding above the $1600 level. It is now showing positive signs above the $1,620 threshold. The next major resistance is near $1650, above which the price might test $1700. Any further gains could trigger a move towards the $1,800 level.
On the downside, a first support is now found near the USD 1,600 level. The next major support is $1585, below which the price may revisit $1550.
Prices of ADA, BNB, SOL, DOGE, and XRP
Cardano (ADA) managed to break above the resistance of $0.48. It looks like the bulls might push the price towards the $0.50 level soon. Any further gains could pave the way for a bigger upside.
BNB is rising and trading above the $280 resistance zone. It is now approaching the USD 285 level. The next major resistance is $288, above which the price could test $300.
Solana (SOL) is up over 6% and broke above the resistance at $33.50. If the bulls stay in action, the price may soon test the $35.00 resistance zone.
DOGE is showing positive signs above the $0.062 resistance. The next major resistance is seen near the $0.0635 level, above which the price could possibly rise steadily towards the $0.065 resistance zone.
XRP price rose and broke the resistance level of $0.335. The bulls are now trying to break above $0.350. A close above the $0.35 resistance could start a steady rise towards the $0.40 resistance zone.
Other altcoins in the market today
Many altcoins saw a steady rise, including DOT, MATIC, ETC, UNI, LINK, LUNC, BCH, XMR, XLM, XTZ, EGLD, AAVE, and OKB. Of these, LUNC rose over 15% and broke through the $0.00052 level.
Overall, the upward rally in the price of Bitcoin could cause it to test the $20,500 and $20,800 thresholds very soon.
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