Bitcoin worth examined the USD 55,800 zone earlier than correcting decrease. BTC traded beneath the USD 55,000 stage, however downsides have been restricted. It is at the moment (12:20 PM UTC) buying and selling above USD 55,000 and exhibiting indicators of a gradual improve.
Besides, most main altcoins are buying and selling in a constructive zone. ETH corrected decrease, however it climbed again above USD 2,700 once more, hitting its new all-time excessive (ATH). XRP/USD did not clear the USD 1.45 resistance and it corrected decrease to USD 1.35.
Total market capitalization
After a minor decline, bitcoin worth discovered assist close to USD 54,000. BTC is shifting greater and it’s buying and selling above the USD 54,500 stage. The present worth motion suggests excessive probabilities of a gradual improve in the direction of the USD 55,500 stage. A profitable shut above the USD 55,500 resistance may push the worth greater.
Conversely, there’s a threat of a draw back correction in the direction of the USD 54,000 stage. The subsequent main assist may very well be close to the USD 53,250 stage.
Ethereum worth corrected decrease after nearly touching USD 2,720. It declined beneath the USD 2,650 stage, however downsides have been restricted. The worth recovered and it hit its new ATH of USD 2,735 (per Coingecko.)
If the bulls succeed, the worth may rise in the direction of the USD 2,750 and even USD 2,800. On the draw back, the USD 2,650 stage is a good assist. The subsequent main assist is close to the USD 2,575 stage.
BNB, ADA, DOGE, and XRP worth
Binance Coin (BNB) corrected decrease after testing the USD 580 resistance stage. BNB remains to be holding positive aspects above the USD 550 and USD 555 ranges. If there’s a draw back break beneath USD 550, there’s a threat of a drop in the direction of the USD 525 stage. On the upside, a push above USD 580 could lead on the worth to USD 600.
Cardano (ADA) did not clear the USD 1.35 resistance zone. ADA is now consolidating close to USD 1.30 and it’d try a recent improve in the direction of the USD 1.35 stage. Conversely, there may very well be a drop in the direction of the USD 1.22 assist within the close to time period.
Dogecoin (DOGE) began a powerful improve and it broke the USD 0.30 resistance stage. DOGE is exhibiting constructive indicators and it’d rise steadily in the direction of the USD 0.332 and 0.335 ranges. If there’s a draw back correction, the worth may discover bids close to USD 0.280.
XRP worth corrected decrease after testing the USD 1.45 resistance zone. The worth is now buying and selling beneath USD 1.40, however it may discover assist close to USD 1.365. The subsequent main assist is close to the USD 1.35 stage.
Other altcoins market immediately
Several altcoins climbed over 8%, together with MATIC, ANKR, HNT, VGX, YFI, AAVE, SUSHI, XMR, ZIL and MANA. Out of those, MATIC remained elevated above the USD 0.70 resistance zone.
To sum up, bitcoin worth is buying and selling across the USD 55,000 stage. If BTC settles above USD 55,500, it may open the doorways for a gradual improve within the subsequent few periods.