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29.12 - 15:53
Bitcoin and Ethereum Show Signs of Life, Hurdles Nearby
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Bitcoin price formed a base above the USD 46,000 zone. As a result, BTC started a steady recovery wave and climbed above the USD 47,500 zone. It is currently (04:19 UTC) facing strong resistance near the USD 48,500 zone.
Similarly, most major altcoins are attempting an upside correction. ETH recovered above USD 3,800, but it is facing strong resistance near USD 3,880. XRP is back above USD 0.800 and is now consolidating. ADA is above the USD 1.20 support zone.
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After a fresh decline, bitcoin price found support near the USD 46,000 level. BTC formed a base and started a recovery wave above the USD 47,000 level. It even traded above USD 48,000, but the bears are active near USD 48,500. A close above USD 48,500 might
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