Bitcoin price started a steady increase after it broke the USD 61,200 resistance. BTC cleared the USD 62,000 resistance and traded to a new all-time high. It is currently (11:30 UTC) trading well above USD 62,000 and it might extend gains above USD 63,200.
Similarly, most major altcoins are trading with a positive sentiment. ETH also broke the USD 2,200 resistance and traded to a new all-time high. XRP/USD outperformed with a sharp move above the USD 1.500 and USD 1.600 levels.
Total market capitalization
Bitcoin price
After gaining pace above USD 60,500, bitcoin price was able to clear the key USD 61,200 resistance. It opened the doors for a decent upward move and the price broke the USD 62,000 resistance. BTC even cleared USD 63,000 and it traded to a new all-time high.
If there is a downside correction, the previous resistance near USD 62,000 might provide support. On the upside, the price might accelerate further above USD 63,200.
Ethereum price
Ethereum price followed bitcoin and it cleared the USD 2,200 resistance. ETH traded to a new all-time high and it seems like the bulls might aim for a test of USD 2,250 or even USD 2,280 in the near term.
On the downside, USD 2,200 level is a minor support. The first key support is now forming near the USD 2,180 level (the recent breakout zone). The next major support could be near the USD 2,150 level.
BNB, ADA, litecoin, and XRP price
Binance Coin (BNB) is consolidating the recent rally near the USD 550 level. It could correct further lower towards the USD 525 and USD 520 support levels. The next major support is near USD 500. On the upside, the bulls may possibly face hurdles near USD 580 and USD 585.
Cardano (ADA) is rising again and it is trading above the USD 1.335 level. An immediate resistance is near the USD 1.365 level. The next major resistance is near USD 1.400, above which the bulls could test the USD 1.500 level in the near term.
Litecoin (LTC) is up over 5% and it cleared the USD 255 resistance. LTC even broke USD 262 and it might continue higher towards the USD 270 and USD 275 levels. On the downside, the price might remain well bid near the USD 255 and USD 252 levels.
XRP price is surging and it broke the key USD 1.500 resistance. The bulls were able to put up a strong show, as the price even cleared USD 1.650. The next major stop for them could be near the USD 1.75 and USD 1.78 levels.
Other altcoins market today
Several altcoins gained over 8%, including RUNE, NEXO, LUNA, STX, MATIC, XLM, DOGE, CHZ, and ONE. Out of these, RUNE is gaining momentum above the USD 12.00 level.
To sum up, bitcoin price is gaining bullish momentum above USD 62,000 and USD 62,500. There could be a minor pullback, but BTC might continue higher above the USD 63,200 and USD 63,500 levels.
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Source: cryptonews.com
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