- Bitcoin price rises above 23,000 USD.
- Ethereum surged above $1,620, XRP inches higher above $0.35.
- Several altcoins are up double digits.
Bitcoin price remained well supported and broke above the USD 23,000 area. BTC even surged above the $23,400 level and is currently (10:20 UTC) up 2% in one day and 13% in one week.
Likewise, most major altcoins are showing signs of further gains. ETH surged nearly 9% and was able to settle above the $1600 level. XRP is rising towards the $0.40 level. ADA is back above the $0.5 resistance zone.
Total market capitalization
After forming a base above the USD 23,000 level, bitcoin price began a new increase. BTC was able to break through the $23,200 and $23,400 levels. It is now attempting a close above $23,500. If there is a steady increase, the price might even test the resistance at $24,000. The next major resistance could be $24,500, above which the price could pick up some bullish momentum.
On the downside, an initial support is near the USD 23,000 level. The next major support is near the $22,500 area, below which the price may start a steeper decline.
Ether price formed a base above the USD 1,500 level. ETH started a fresh rise and broke above the $1600 resistance zone. ETH is now up almost 9% in one day and 35% in one week. The next major resistance is seen at $1650, above which the price may rise towards the $1720 level.
On the downside, an initial support is near the $1,580 level. The next major support is near $1550, below which the price may retest the $1500 support zone.
ADA, BNB, SOL, DOGE and XRP prices
Gimbal (ADA) remained supported above the $0.465 level. There was a steady increase and the price broke above the $0.50 resistance. The next major hurdle for the bulls could be $0.525.
BNB is rising and trading above USD 262. The next major resistance is near $272, above which perhaps the price could climb towards the $288 level.
Solana (SOL) is up over 7% and trading above the USD 43 level. The next major resistance is near $45.50, above which the price may rise towards the $48 level.
DOGE is back above the barrier of 0.0700 USD. It is now approaching the $0.072 level. The next major resistance is near the $0.075 level, above which the price could rally to $0.080.
XRP Price is moving higher towards the $0.38 level. The next major resistance is near $0.40, above which the price may start a stronger rise in the coming sessions.
Market of other altcoins today
Many altcoins are rising steadily, while several altcoins such as NEAR, NEO, ETC, KSM, SNX, CVX, APE, and CRV are rising 11-20% in one day.
In summary, bitcoin price is moving towards the resistance at $24,000. If BTC settles above $24,000, it could surge towards $25,000. Otherwise, it could go down to 22,500 USD.