Bitcoin price rose steadily, clearing the USD 50,000 resistance zone. BTC even climbed above the USD 52,000 level. It is currently (12:30 UTC) showing positive signs and could accelerate even higher.
Similarly, most of the major altcoins are gaining uptrend. ETH / USD cleared the USD 1,600 resistance and could continue to rise. XRP / USD also topped USD 0.450 and could potentially move towards the USD 0.480 resistance in the short term.
Total market capitalization
After a successful deal over USD 48,000, the Bitcoin price soared. BTC broke the major resistance of USD 50,000 and even traded above USD 52,000. The bulls could continue rising towards USD 53,200 and USD 55,000.
If there is a downward correction, the price could test the USD 50,500 support. The main support is now forming near the USD 50,000 level (the most recent breakout zone).
Ethereum price has broken the USD 1,550 and USD 1,580 resistance levels. ETH has even hit the USD 1,600 level and is trading in a bullish zone. Immediate resistance is near the USD 1,620 level above which the price could test USD 1,650.
On the downside, the USD 1,580 level is a decent support. The main support is now forming near the USD 1,550 level.
BNB, ADA, Litecoin and XRP prices
Binance Coin (BNB) is still struggling to break through the USD 250 and USD 255 resistance levels. A successful close above the USD 255 pivot level could pave the way for a sharp move higher. The next major resistance for the BNB could be USD 265, followed by USD 280.
Cardano (ADA) is rising above the USD 1.225 resistance level. ADA has even hit the $ 1.232 level and is now approaching $ 1.250. A closing price above USD 1.25 could pump the price towards USD 1.350. On the downside, the price could stay stable near USD 1.220.
Litecoin (LTC) is trading above the USD 188 resistance level. LTC is approaching the USD 200 level and could continue to rise. The next major resistance is near USD 212, above which the price could test USD 220. On the flip side, the USD 185 level could potentially serve as near-term support.
The XRP price exceeded the main resistance level of USD 0.450. The price could continue to rise towards USD 0.465 and USD 0.480. The main target for the bulls could be USD 0.500 in the short term. On a downward correction, the price could remain supported near $ 0.450.
Other altcoin market today
Many altcoins rose over 10%, including AR, EWT, LUNA, ENJ, BAT, FLOW, RSR, RUNE, XEM, ONT, BNT, and FTM. Of these, AR is the best performing coin in today’s top 100 club as it gained 28% to hit USD 13.46.
To sum up, Bitcoin price is gaining traction above $ 51,000 and may stay above $ 52,000 as well. If there is a closing price above USD 52,000, the price could test USD 55,000.
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