Bitcoin Tests USD 47K, Ethereum Reaches USD 3.3K, Altcoins Gain Momentum
Bitcoin price started a fresh increase above the USD 45,500 resistance zone and even briefly surpassed the USD 47,000 level. It is currently (04:00 UTC) consolidating gains near USD 46,900 and eyeing an upside break above USD 47,500.
Similarly, most major altcoins are gaining bullish momentum. ETH was able to clear the USD 3,300 resistance zone. XRP settled above the USD 0.85 resistance. ADA might soon test the USD 1.20 resistance.
Total market capitalization
After a close above USD 44,000, bitcoin price started a fresh increase and is now up 5% in a day. BTC surpassed the USD 45,500 resistance level to move into a positive zone. It even climbed above the USD 46,200 level and tested the USD 47,500 resistance zone. If the bulls remain in action, the price might even surpass USD 48,000. The next major resistance is near the USD 48,800 level, above which the price could even attempt a move to USD 50,000.
If there is a downside correction, the price might find support near the USD 46,500 level. The next major support is near USD 46,200, below which the price might test USD 45,500.
Ethereum price also gained pace above the USD 3,200 resistance and also jumped 5% in a day. ETH surpassed the USD 3,250 and USD 3,300 levels. It is now consolidating near the USD 3,300 level. The next key resistance might be near the USD 3,350 level, above which the price could rise to USD 3,420.
On the downside, the price might find support near the USD 3,280 level. The next major support is near the USD 3,200 level, below which the price might test the USD 3,150 support zone.
Cardano (ADA) gained pace above the USD 1.15 resistance zone. It even climbed above the USD 1.165 and is still rising. The main barrier is near USD 1.20, above which the price
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