Bitcoin price has been corrected lower against the USD 64,900 zone. BTC has broken the USD 63,000 support but is holding gains above the USD 62,000 level. Currently (04:00 UTC) there are positive signs and a new rally above USD 64,000 could begin.
Also, most of the major altcoins trade in a bullish zone. ETH extended its rally above USD 2,500 and traded at a new all-time high near USD 2,550. XRP / USD holds gains above USD 1.70 and could move towards USD 1.85.
Total market capitalization
After a downward correction, Bitcoin price was above the USD 62,000 level. BTC is slowly rising and trading above the USD 63,000 level. Initial resistance is near the USD 63,500 level. The main resistance is now near the $ 64,000 level, above which the price could accelerate towards the $ 65,000 and $ 65,500 levels.
If it continues to decline, the $ 62,000 level could provide support. The main support is still near USD 61,200, below which the price could drop towards USD 60,000.
The price of Ethereum once again outperformed Bitcoin, breaking the USD 2,500 resistance. ETH hit a new all-time high near USD 2,550 and is now consolidating its profits. Initial support is at USD 2,480. The next major support is near the USD 2,450 level.
On the upside, the USD 2,550 is an immediate resistance for the bulls. A significant break above the $ 2,550 level could open the doors for a move towards the $ 2,600 level.
BNB, ADA, Litecoin and XRP prices
Binance Coin (BNB) is moving down and is now trading well below the USD 550 pivot level. The BNB is approaching the USD 525 support. Further losses could require a move towards the USD 505 and USD 500 support levels. On the upside, the price could face hurdles near USD 550.
Cardano (ADA) appears to face resistance near USD 1,500 and USD 1,515. A successful break above the $ 1.515 level could set the pace for a move towards the $ 1.65 level. If not, there could be a test of the USD 1,400 support level.
Litecoin (LTC) is up over 5% and is now trading above the USD 285 resistance. LTC is nearing USD 298 and USD 300 resistance levels where the bears may take a stand. If they fail, the price could continue rising towards the USD 320 level.
The XRP price is back above the $ 1.70 level. It is trading above USD 1.72 and could soon test the USD 1.75 resistance. If there is a break above USD 1.75, the price could pick up the USD 1.85 resistance again.
Other altcoin market today
Many altcoins were up over 15% including DOGE, ETC, ZEN, MKR, CRV, NEO, QTUM, BSV, BCH, DASH, MANA and TRX. Of these, DOGE rose over 100%, breaking the all-important $ 0.25 level, flipping LTC and UNI, and becoming the eighth largest crypto asset by market capitalization.
Overall, the Bitcoin price is consolidating gains above the USD 62,000 level. It seems like BTC is gearing up for a fresh surge above the USD 64,000 and USD 64,200 levels in the short term.
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