Bitcoin price started a recovery wave above the USD 56,500 resistance. BTC is up 6%, it broke the USD 57,000 level and is currently (04:35 UTC) consolidating. A close above the USD 58,000 level is needed for more upsides in the near term.
Besides, most major altcoins are moving higher. ETH is up 7% and there was a break above the USD 4,300 level. XRP is still struggling to clear the USD 1.00 resistance. ADA spiked below USD 1.50 before it corrected above USD 1.55.
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After extending losses, bitcoin price found support near the USD 53,500 level. BTC started a fresh increase and cleared the USD 55,000 resistance. BTC even cleared the USD 57,000 resistance to move into a short-term positive zone. The price is
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