Bitcoin and Ethereum Gain Bullish Momentum, Altcoins Surge
Bitcoin price started a steady increase after it broke the USD 40,000 resistance. BTC was able to clear the USD 41,200 and USD 42,000 resistance levels. It is currently (11:30 UTC) showing positive signs, but there are chances of a minor downside correction.
Similarly, most major altcoins are gaining bullish momentum. ETH was able to clear the USD 2,680 and USD 2,750 levels. XRP is attempting a clear move above the USD 0.75 resistance. ADA could gain pace if it settles above USD 0.85.
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After a strong bullish wave, the bitcoin price was able to settle above the USD 40,000 resistance zone. It opened the doors for more gains above USD 41,200. BTC is up over 8% and there was a move above the USD 42,000 resistance. The next major resistance is near the USD 42,500 level, above which the price might rise towards the USD 43,200 level.
If there is a downside correction, the price might find support near USD 41,650. The next key support is near the USD 41,200 level, below which the price may perhaps decline to USD 40,000.
Ethereum price also gained bullish momentum above the USD 2,650 resistance. ETH even surged above the USD 2,750 level and is currently consolidating gains. The next major resistance is near the USD 2,800 level. Any more gains might send the price towards the USD 2,880 level.
If not, there could be a downside correction towards the USD 2,650 support. The next key support is near the USD 2,620 level, below which the price might test USD 2,550.
Cardano (ADA) is slowly moving higher and attempting a close above the USD 0.85 resistance. If the bulls succeed, the price might rise towards the USD 0.88 level. The next major resistance is near the USD 0.92 level.
BNB is showing positive signs above the
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