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- The Bitcoin price is trading in a key area below the resistance of USD 44,400.
- Ethereum faces resistance near USD 3,050, XRP is stuck between USD 0.9 And USD 1.
- VET, QTUM and OMG have increased by over 11%.
The Bitcoin price remained stable above the USD 42.500 Support. BTC began a new surge above the USD 43,200 level. It is currently trading above USD 43,500 (04:24 UTC), but still faces a major hurdle near USD 44,400.
Similarly, most major altcoins trade under the major hurdles. ETH is back above USD 3,000, but the bears could remain active near USD 3,050 and USD 3,150. XRP is trading in a range below the USD 1.0 Resistance. ADA is stuck between USD 2.00 And USD 2.20.
Total market capitalization
After a downward correction, the Bitcoin price found support above USD 42,500. BTC began a new surge in a row, climbing above USD 43,500. An immediate hurdle is near the USD 44,000 level. The next key resistance is near the level of USD 44,400, above which the price could accelerate towards USD 45,500 or even USD 46,200.
On the other hand, immediate support is close to USD 42,500. The main bandwidth support is still near the USD 40,800 level where the bulls could take a stand.
The Ethereum price found support near USD 2,950 and rebounded higher. ETH is now facing resistance near the USD 3,050. The main breakout resistance is still near the USD 3,120 and USD 3,150 levels. A close above USD 3,150 could trigger a stronger surge in the near future.
When there is another decline, initial support is at USD 2,950. The first major support is now forming near the USD 2,840 level.
ADA, LTC, DOGE and XRP Price
Cardano (ADA) is stuck below the USD 2.12 Pivot level. The main resistance is still near USD 2.20, Above which the price could rise. On the other hand, USD 2.02 Is an important support. The main breakdown support is at USD 2.00, Below which the bears could take control.
Litecoin (LTC) is gaining pace above the USD 150 level. However, it needs to clear the resistance of the USD 155 range to continue higher. The next stop could be USD 165, above which the next target for the bulls could be USD 188. If not, the price may drop towards USD 140.
Dogecoin (DOGE) consolidates above the 0.200 Level. Immediate resistance is near the USD 0.205 Level. The main area resistance is near the USD 0.212 Level. A significant break above the USD 0.212 Level could push the price towards the USD 0.220 Level.
The XRP price is trading in a wide range below the USD 1.00 Resistance. A close above USD 1.00 Could trigger a steady increase. On the other hand, the USD 0.900 Level is an important support for the breakdown. A close below USD 0.900 Could trigger heavy losses in the short term.
Other Altcoins Market Today
Some altcoins are up over 5%, including OMG, VET, QTUM, AMP, MIOTA, LUNA, XTZ, AUDIO, COMP, and DASH. Of these, OMG rose 12%, surpassing the USD 12 level.
Overall, the Bitcoin price is stable above the USD 43,000 level. However, BTC needs to settle above USD 44,400 to continue rising in the coming days.