Bitcoin worth is secure above the USD 54,000 pivot degree. BTC prolonged its rise above USD 55,000 and it spiked above the USD 55,500 degree earlier than a draw back correction. The worth is presently (04:45 UTC) buying and selling close to USD 54,800 and it may try a contemporary enhance above USD 55,500.
Besides, most main altcoins are seemingly gaining tempo. ETH prolonged its rally above USD 2,650 and the worth traded to a brand new all-time excessive close to USD 2,710 (per Coingecko). XRP/USD spiked in direction of the USD 1.45 resistance earlier than dipping beneath USD 1.40.
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Bitcoin worth
After a profitable shut above USD 54,000, bitcoin worth prolonged its rise. BTC even spiked above the USD 55,500 resistance degree. It is now correcting decrease and buying and selling close to USD 54,800. An fast help is close to the USD 54,500 degree. The first key help is close to the USD 54,000 degree, beneath which the worth may check the USD 53,250 help.
On the upside, the USD 55,350 and USD 55,500 ranges are preliminary boundaries. A transparent break above USD 55,500 may set the tempo for a transfer in direction of USD 57,000.
Ethereum worth
Ethereum worth gained tempo above the USD 2,600 degree and it even broke the USD 2,650 zone. ETH traded to a brand new all-time excessive above USD 2,700 earlier than correcting decrease. The worth is now consolidating close to USD 2,650, beneath which it’d check the USD 2,600 zone.
On the upside, the bulls may battle close to USD 2,700. A profitable shut above USD 2,700 may lead the worth in direction of the USD 2,800 degree.
BNB, ADA, DOGE, and XRP worth
Binance Coin (BNB) is buying and selling effectively above the USD 550 pivot degree. BNB even spiked above the USD 575 degree, but it surely struggled to clear the USD 580 resistance degree. A transparent push above the USD 580 degree may lead the worth in direction of the principle USD 600 resistance zone.
Cardano (ADA) gained tempo above the USD 1.30 resistance and it traded near the USD 1.35 resistance zone. The worth is now buying and selling close to the USD 1.30 help zone, beneath which the worth may check the USD 1.25 help degree.
Dogecoin (DOGE) made one other try to clear the USD 0.28 resistance zone, but it surely failed to achieve tempo. The worth is now buying and selling close to the USD 0.265 help. The major help sits at USD 0.25, the place the bulls may stay energetic within the close to time period.
XRP worth surged above the USD 1.40 resistance zone, however the bulls did not clear the USD 1.45 degree. The worth is now correcting positive factors beneath USD 1.40. If there are extra losses, the worth may stay secure close to the USD 1.335 and USD 1.320 ranges.
Other altcoins market at present
Many altcoins gained over 10%, together with MATIC, FTM, ANKR, ZIL, VGX, HNT, HOT, CHZ, CFX, AAVE, ZRX, SUSHI, MIOTA, ICX, and MANA. Out of those, MATIC rallied over 35% and it cleared the USD 0.75 degree.
Overall, bitcoin worth is buying and selling in a constructive zone above USD 54,000. If BTC clears USD 55,500, it may clear the trail for a transfer in direction of the USD 58,000 zone.
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