Bitcoin price started a fresh increase after forming a base above USD 32,400 and USD 33,200. BTC gained strength above USD 35,000 and it was able to clear a major hurdle at USD 36,000. It is currently (05:00 UTC) trading above USD 37,000 and it seems like there are chances of more upsides.

Similarly, most major altcoins recovered and climbed higher. ETH/USD broke the USD 1,100 level, but it failed to clear the USD 1,150 resistance. XRP/USD is still below the USD 0.300 resistance level.

Total market capitalization

Bitcoin and Altcoins Start Fresh Surge, DOT Outperforms 101

Bitcoin price

After a clear break above USD 35,000, bitcoin price was able to climb above the USD 35,500 and USD 36,200 resistance levels. BTC gained over 10% and it even spiked above USD 38,000. It is correcting gains, but dips are likely to remain limited below USD 37,000. The previous resistance at USD 36,200 and USD 36,000 might act as a support in the near term.
On the upside, the price could struggle near USD 38,000. The first key resistance is near the USD 38,750 level, above which it could revisit the USD 40,000 zone.

Read Also:   Swiss Banks About To Get A New Crypto Gateway For Their Clients

Ethereum price

Ethereum price also followed bitcoin, and it broke the USD 1,080 and USD 1,100 resistance levels. However, ETH faced another rejection near the USD 1,150 level. The price corrected gains and tested the USD 1,100 zone. The first key support is near the USD 1,080 level, below which it could test USD 1,050.
To continue higher, the price must gain momentum above the USD 1,135 and USD 1,150 levels. If it succeeds, the bulls might test USD 1,220.

Bitcoin cash, litecoin and XRP price

Bitcoin cash price is showing up over 5% and it was able to revisit the USD 500 level. However, BCH failed to settle above USD 500 and it is now consolidating gains above USD 485. To continue higher, the price must settle above USD 500 and then gain pace above USD 510.
Litecoin (LTC) climbed 10% and it was able to settle above the USD 145 resistance. LTC is now facing hurdles near USD 150, above which the bulls could target a test of the USD 165 resistance level. On the downside, the USD 145 and USD 142 levels may possibly act as strong supports.
XRP price underperformed and it is still struggling to settle above the USD 0.300 and USD 0.312 resistance levels. A clear close above the USD 0.312 level is a must for upside continuation. On the downside, the USD 0.265 and USD 0.255 levels could continue to provide support in the near term.

Read Also:   Charities, Buskers & Beggars Aren’t Feeling So Festive In Cashless Society

Other altcoins market today

Many altcoins gained over 10%, including HEDG, DOT, RUNE, LRC, KSM, IOST, SUSHI, STX, UNI, DCR, ZEC, ATOM, AVAX, THETA, LINK, and QNT. Out of these, HEDG surged over 50% and it broke the USD 0.600 resistance.

Overall, bitcoin price is back in the green zone above USD 36,000. If BTC breaks the USD 38,000 zone, it could continue to rise towards the USD 40,000 resistance.

Find the best price to buy/sell cryptocurrency:

Bitcoin and Altcoins Start Fresh Surge, DOT Outperforms 102

Download MAXBIT Android App, Your best source of all crypto news!
Google Play

Source link

Bitcoin and Altcoins Start Fresh Surge, DOT Outperforms

by Benjamin Hartman
Choose A Format
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
Upload your own images to make custom memes
Youtube, Vimeo or Vine Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF
GIF format