Bitcoin Returns Above USD 20K, Ethereum Rallies, CEL Keeps Outperforming

cryptonews.com:

Bitcoin price remained well bid above the USD 18,800 support zone and started a fresh recovery wave above the USD 20,000 resistance zone. It is currently (04:09 UTC) trading near USD 20,300 and is up 6% in a day and down 2% in a week.

Similarly, most major altcoins gained pace and recovered some losses. ETH is up over 9% and is testing the USD 1,150 resistance. XRP is still stuck near the USD 0.325 zone. ADA is moving higher above the USD 0.45 level.

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After a key rejection near USD 18,800, bitcoin price started a stronger recovery wave. BTC was able to climb above USD 20,400 but struggled to clear the USD 20,500 resistance zone. The price is now consolidating above the USD 20,000 level, with an immediate resistance near the USD 20,350 level. The next major resistance is now near USD 20,500, above which the price could rise towards USD 21,500.

On the downside, an initial support is near the USD 20,000 level. The next major support is near the USD 19,500 zone, below which the price could revisit USD 18,800.

Ethereum price gained pace from the USD 1,000 support zone and is now testing the USD 1,150 resistance zone. The next major resistance is near USD 1,180, above which the price could rise towards USD 1,220. After jumping over 9%, ETH trimmed its weekly losses to less than 4%.

If there is a downside correction, the price might find support near USD 1,100. The next major support is near USD 1,060, below which the price could revisit USD 1,000.

Cardano (ADA) is still trading below the USD 0.48 and USD 0.50 resistance levels. It is consolidating above USD 0.45 and might attempt a fresh increase in the near term.

BNB is up 8% and there was a move above the USD 225 pivot level. The price is trading near the