Bitcoin and Ethereum Move Higher, Altcoins Gain Momentum

Bitcoin value remained properly bid above USD 53,200, leading to a robust improve. BTC broke the principle USD 55,000 and USD 55,500 resistance ranges. It is at the moment (12:40 UTC) properly above USD 56,000 and it would speed up increased if there’s a break above USD 57,000.

Similarly, most main altcoins are exhibiting optimistic indicators. ETH can also be gaining momentum above USD 1,710 and it’s approaching the USD 1,750 resistance. XRP/USD is again above USD 0.550 and it may rise additional above USD 0.565.

Total market capitalization

Source: www.tradingview.com

Bitcoin value

After one other failed try to interrupt USD 53,200, bitcoin price began an upward transfer. BTC broke the USD 55,500 resistance zone and it’s now above the USD 56,000 zone. The value is exhibiting optimistic indicators and it would proceed increased if there’s a clear break above USD 57,000.
On the draw back, the worth may stay properly bid above USD 56,000. If there’s a bearish break under USD 56,000, the worth may stay secure above USD 55,500.

Ethereum value

Ethereum price additionally began a contemporary improve above the USD 1,700 and USD 1,710 ranges. ETH is now approaching the USD 1,750 resistance. A transparent break above USD 1,750 may open the doorways for a sustained upward transfer in the direction of the USD 1,800 and USD 1,810 ranges.
If there’s a contemporary decline, the worth may discover bids close to USD 1,710. The key breakdown assist is now forming close to the USD 1,650 stage.

BNB, ADA, litecoin, and XRP value

Binance Coin (BNB) is gaining tempo and it’s buying and selling above the USD 262 and USD 265 resistance ranges. BNB is now approaching the USD 272 resistance. If there’s a clear break above USD 272, the bulls may intention for a robust improve within the coming periods.
Cardano (ADA) is recovering increased and it’s buying and selling above the USD 1.120 resistance. It looks as if ADA may take a look at the USD 1.200 resistance. If the worth settles above USD 1.200, the bears may lose management. If there’s a contemporary decline, the bulls may stay energetic close to USD 1.120.
Litecoin (LTC) is approaching the USD 200 resistance zone. LTC may climb increased if there’s a clear break above USD 200 and USD 205. On the draw back, losses is likely to be restricted under USD 190. The important assist remains to be close to the USD 180 stage.
XRP price is rising once more and it’s again above the USD 0.550 stage. An speedy resistance is close to the USD 0.565 stage, above which the worth may achieve momentum in the direction of USD 0.580. The important hurdle remains to be close to the USD 0.600 stage.

Other altcoins market right now

Several altcoins climbed over 10%, together with ANKR, ONE, FIL, CRV, MVL, THETA, WAVES, ICX, CRO, ONT, ENJ, QTUM, and CAKE. Out of those, FIL is gaining tempo and it’s buying and selling above USD 90.00.

To sum up, bitcoin value is buying and selling above USD 55,500 and USD 56,000. If BTC clears the USD 57,000 resistance, it may speed up in the direction of the USD 58,000 and USD 58,500 ranges.
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Bitcoin and Ethereum Move Higher, Altcoins Gain Momentum 102

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