Bitcoin Recovers As Ethereum Rises, Altcoins Turn Green

[ad_1]

The price of BTC tested the $ 37,500 area before starting a stronger bullish move. It broke the resistance of $ 39,000 and is currently testing (04:29 UTC) the $ 39,500 level.

Likewise, most of the major altcoins are showing positive signs. ETH outperformed BTC and rose around 9%. XRP holds gains above $ 0.700 and it could rise steadily.

Total market capitalization

Source: www.tradingview.com Bitcoin price

After breaking below $ 38,000, the price of bitcoin has found support near $ 37,500. BTC has started a further rise after the ETH surge. It broke through the resistance levels of $ 38,500 and $ 39,000. To continue on the upside, an appropriate follow-up move above $ 40,000 is needed in the short term. On the downside, the $ 39,000 level is short-term support. The first major support is near $ 38,500, below which bears could aim for a test of the $ 37,500 level.

Ethereum price

Ethereum price gained bullish momentum after breaking through resistance at $ 2,550. ETH broke through the levels of $ 2,650 and $ 2,700. It tested the $ 2,775 area before correcting lower. It is now trading near the $ 2,700 area. The first key support is near $ 2,650, below which the price may correct down to the support area of ​​$ 2,580.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) is moving higher and trading above the $ 1.35 level. The main hurdle is still near the $ 1.40 level. A clear break above the $ 1.40 level could set the stage for a larger rise. In this case, the price could increase towards the level of 1.50 USD. Litecoin (LTC) is back above the $ 140 level. Immediate resistance is near $ 142, but the first major resistance is near $ 145. The key breakout area is at $ 150, above which the bulls may push the price higher. Otherwise, the price could revisit 125 USD. Dogecoin (DOGE) is attempting a rally above the $ 0.200 level. The next key resistance is near the $ 0.208 level. Any further gain could drive the price towards the main resistance area of ​​$ 0.220. On the downside, the $ 0.192 is decent support. The price of XRP climbed below $ 0.700, but it remained a strong buy. It is now rising and trading above the $ 0.720 level. The first key resistance is near the $ 0.750 level. An appropriate close above the $ 0.750 level could set the stage for a larger rise in the coming sessions. The next stop could be $ 0.800 or even $ 0.825.

Other altcoin market today

Many altcoins have gained over 8% including BTT, COMP, AAVE, VGX, RUNE, AXS, XMR, UNI, DOT, TRX, ICX, SOL, and EGLD. Of these, BTT rose nearly 19% and topped the $ 0.0035 level.

Overall, the price of bitcoin is attempting a decent rally above $ 39,000. However, BTC needs to settle above $ 40,000 for a sustained bullish move ._____

Find the best price to buy / sell cryptocurrency:

[ad_2]