- Bitcoin price rose 10%, breaking through $47,200 resistance.
- Ethereum exceeded the resistance of USD 3,150, XRP was able to gain pace above USD 1.
- QTUM, ICX and VET have increased by more than 19%.
The Bitcoin price formed a base above the USD 43.500 Level and began a sharp rise. BTC rose above the resistance of USD 45,500. It is currently (11:30 UTC) up nearly 10% and could continue to rise above USD 47,500.
Similarly, most large altcoins are steadily rising. ETH jumped above the USD 3,120 and USD3,150 resistance levels. XRP is rising and could gain pace above USD 1.00. ADA broke the key USD 2.20 Resistance level.
Total market capitalization
Bitcoin Price
After a decent close above $ 43,500, the Bitcoin price began a new rally. BTC gained pace above the USD 44,400 and USD 45,500 resistance levels. The price has risen by almost 10% and could even accelerate above the USD 47,500 level. The next key resistance is near the USD 48,000 level, above which the price may potentially rise towards the USD 50,000 level.
On the other hand, immediate support is close to USD 46,500. The next major support is forming near USD 46,200, below which the price could test USD 45,500.
Ethereum Price
The Ethereum price also started a big upward move above the USD 3,050 resistance. ETH has cleared the USD 3,120 and USD 3,150 resistance levels. The price has even reached the USD 3,200 level and could move towards the USD 3,320 level. The next major resistance is near the USD 3,500 level.
If there is a downside correction, initial support is at USD 3,150. The first major support is now forming near the USD 3,120 level.
ADA, LTC, DOGE and XRP Price
Cardano (ADA) has risen by almost 7%, breaking through the main resistance level of USD 2.20. If the price remains supported, it could move further towards USD 2.32 And USD 2.35. On the other hand, the USD 2.12 Level is an important breakdown support.
Litecoin (LTC) broke many hurdles near USD 155 and USD 160. The next key resistance is near the USD 168 level, above which the next target for the bulls could be USD 188. If there is a downside correction, then the previous resistance near USD 155 may be able to provide support in the short term.
Dogecoin (DOGE) gained pace above the USD 0.205 Resistance level. The price has even reached the level of USD 0.212 And could rise steadily towards USD 0.220. On the other hand, bulls could remain active near the USD 0.208 And USD 0.205 Levels.
The XRP price gained pace for a move above the USD 0.980 And USD 1.0 Resistance levels. If there is a close above USD 1.00, The price could accelerate higher. The next big hurdle is USD 1.05 And USD 1.08, Above which the bulls could test the USD 1.20 Level. If there is a downside correction, the USD 0.980 Level could provide support.
Other altcoins market today
Many altcoins are up over 10%, including VET, QTUM, OMG, AR, XTZ, NEARBY, AMP, RUNE, AUDIO, EGLD, MIOTA, LUNA, UNI, GRT, MATIC, ICX and SRM. Of these, VET rose 25%, surpassing the USD 0.10 Level.
Overall, the Bitcoin price is rising and has broken through many hurdles near USD 45,500 and USD 46,500. If BTC continues to rise, it could test the USD 48,000 and USD 48,800 levels.