BTC price tested USD 37,500 before beginning a bigger upward surge. It has broken through the USD 39,000 resistance and is now (04:29 UTC) testing the USD 39,500 level.
Similarly, the majority of big cryptocurrencies are exhibiting signs of life. ETH outpaced BTC, rallying approximately 9%. XRP is holding gains above USD 0.700 and may continue to increase.
Bitcoin price found support near USD 37,500 after breaking below USD 38,000. Following ETH’s spike, BTC began a new upward trend. It burst through barrier levels of USD 38,500 and USD 39,000. In order to continue rising, a proper follow-up move above USD 40,000 is required in the short term.
On the downside, USD 39,000 serves as a short-term support level. The first important support is near USD 38,500, below which the bears may try to test USD 37,500.
The cost of Ethereum
The price of Ethereum increased its positive momentum after breaking above the USD 2,550 resistance level. ETH has risen beyond the USD 2,650 and USD 2,700 resistance levels. Before correcting downward, it tested the USD 2,775 area.
It is currently trading near the USD 2,700 level. The first critical support is located near USD 2,650, below which the price may correct down into the USD 2,580 support zone.
Price of ADA, LTC, DOGE, and XRP
Cardano (ADA) is rising in value and is now trading above the USD 1.35 mark. The primary stumbling block is still around USD 1.40. A decisive breach above USD 1.40 might set the stage for a greater rise. In this instance, the price could jump to around USD 1.50.
Litecoin (LTC) is once again trading above the USD 140 mark. The first significant obstacle is near USD 145, while an immediate resistance is near USD 142. The crucial breakout zone is USD 150, which the bulls may use to propel the stock higher. If not, the price may return to USD 125.
Dogecoin (DOGE) is aiming to break through the USD 0.200 resistance level. The next significant barrier is located near the USD 0.208 level. Any further advances could push the market back up to the key USD 0.220 barrier zone. On the downside, USD 0.192 is a good support level.
The price of XRP dropped below USD 0.700, but it remained well bid. It is currently climbing and trading over the USD 0.720 mark. The first significant barrier is located near the USD 0.750 level. A proper close above USD 0.750 could set the tone for a greater rise in the following sessions. USD 0.800 or perhaps USD 0.825 could be the next destination.
Other altcoins are currently available on the market.
Many altcoins, including BTT, COMP, AAVE, VGX, RUNE, AXS, XMR, UNI, DOT, TRX, ICX, SOL, and EGLD, gained more than 8%. Among these, BTT gained about 19 percent and surpassed the USD 0.0035 threshold.
Overall, the bitcoin price is striving to recover above USD 39,000. However, for a sustainable rising trend, BTC must settle over USD 40,000.