- Bitcoin price is consolidating near the $23,000 area.
- Ethereum is facing resistance near $1,675, XRP struggles to clear $0.365.
- All of the altcoins on the top 100 list are in the green today.
Bitcoin price accelerated after breaking through the $22,500 resistance and broke above the $23,000 level before the bears appeared near $23,450. It is currently (11:44 UTC) consolidating its gains near the $23,000 level and is up 8% in a day and down 1% in a week.
Likewise, most major altcoins are consolidating their gains. ETH corrected lower from the resistance at $1,675. XRP is trading in a range above the $0.35 level. ADA must stay above $0.50 to continue higher.
Total market capitalization
bitcoin price
After a strong rise above the USD 23,000 level, bitcoin price climbed towards 23,500 USD. However, BTC failed to continue higher above $23,450 and fell again just below $23,000 before recovering. It is now consolidating just above the USD 23,000 level. On the downside, an initial support is near the USD 22,750 level. The next major support is near the $22,500 area. Any further losses could increase selling pressure for a push to $22,000.
On the upside, the price may face resistance near $23,250. The next major resistance could be $23,450, above which the price could climb towards $24,000.
Ether price
Ether price extended its gains above the $1,600 level and climbed above the $1,650 level, but faced sellers near $1,675. The price is now correcting lower and trading near $1,630. ETH is up almost 12% in one day and 7% in one week. On the downside, an initial support is near the $1600 level. The next major support is near the $1550 area.
If there is another rise, the price could face sellers near $1,675.
ADA, BNB, SOL, DOGE and XRP prices
Gimbal (ADA) reached the USD 0.52 level before facing the sellers. It is now back close to $0.50. A break down below $0.50 could send the price towards the $0.48 level.
BNB once again failed to break through the USD 275 level. It is back below USD 270 and could test the support at USD 265. Perhaps further losses could lead to a drop towards 255 USD.
Solana (SOL) gained over 10% and broke above the $40 resistance level. If the bulls stay in action, they might test the resistance at $42.
DOGE is consolidating above the $0.0650 resistance zone. If there is another increase, the price could test the resistance zone of $0.0680. The next major barrier is near the $0.0700 area.
XRP Price settled above the $0.35 resistance zone. It is now trading in a range and might attempt a push above the $0.365 and $0.370 levels.
Market of other altcoins today
Many altcoins are showing positive signs including DOT, MATIC, AVAX, UNI, ETC, LTC, FTT, CRO, LINK, NEAR, XLM, APE, and FLOW. LDO is the top performer among the top 100 cryptoassets by market capitalization today, as it jumped 33% and surpassed $2.00. It’s also up 30% in a week.
In summary, bitcoin price is consolidating its gains near the $23,000 level. If BTC maintains this level, it could increase its chances of rising and testing the $24,000 level.
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