Ethereum Hits New Record High, Bitcoin Eyes USD 60K Again

Bitcoin value remained secure above the USD 56,500 pivot stage. As a consequence, BTC began a contemporary improve and it cleared the USD 58,500 resistance. It is at the moment (04:30 UTC) buying and selling USD 59,000 and the bulls might quickly try an upside break above USD 60,000.

Besides, most main altcoins are exhibiting optimistic indicators. ETH is rising and it traded to a brand new document excessive above USD 4,000. XRP/USD can also be rising and it’d purpose for a robust transfer above USD 1.60.

Total market capitalization


Bitcoin value

After one other check of USD 56,500, bitcoin value began a contemporary improve. BTC broke the USD 58,000 and USD 58,500 resistance ranges. The value is now approaching the important thing weekly barrier at USD 60,000. A profitable break above the USD 60,000 stage might open the doorways for a robust improve. The subsequent key resistance is close to USD 61,200, above which the worth would possibly rise to USD 63,000.
If there’s a draw back correction, the USD 58,500 stage would possibly present assist. The major weekly assist is now forming close to the USD 56,500 stage.

Ethereum value

Ethereum value outperformed bitcoin and it climbed above the USD 3,850 and USD 3,950 resistance ranges. ETH even cleared USD 4,000 and it traded to a brand new all-time excessive above USD 4,050. The subsequent goal for the bulls might be close to the USD 4,120.
On the draw back, the worth would possibly stay secure above the USD 4,000 stage. The subsequent key assist is close to the USD 3,950 stage.

BNB, LTC, DOGE, and XRP value

Binance Coin (BNB) is up over 5% and it’s buying and selling effectively above the USD 665 stage. BNB is approaching the USD 685 resistance stage. A transparent break above the USD 685 stage might open the doorways for a break above the USD 700 stage. On the draw back, the USD 650 stage is a significant assist zone.
Litecoin (LTC) is up over 15% and it’s now buying and selling above the USD 400 stage. LTC examined the USD 412 zone and it’d speed up additional increased. An speedy resistance is close to the USD 425 stage. Any extra features might clear the trail for a transfer in the direction of the USD 450 stage.
Dogecoin (DOGE) corrected sharply from effectively above USD 0.650. DOGE declined beneath the USD 0.50 stage earlier than it discovered assist close to USD 0.418. It is now recovering and buying and selling above USD 0.50. If there’s a break above USD 0.55, the worth might revisit USD 0.60.
XRP value began a contemporary improve above the USD 1.55 resistance stage. It is now approaching the USD 1.60 stage and it’d rally additional. The subsequent main resistance is close to the USD 1.68 and USD 1.70 ranges.

Other altcoins market right this moment

Several altcoins gained over 10%, together with TEL, HT, FTM, OKB, RSR, XVS, DCR, ADA, ZIL, ONE, LINK and LSK. Out of those, TEL surged 50% and it cleared the USD 0.055 stage.

Overall, bitcoin value is rising steadily and it’s approaching USD 60,000. If BTC settles above USD 60,000, it might begin one other upward transfer within the close to time period.

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About the Author: Daniel