In the Coin comments, we have analyzed for BTC, ETH, XRP and DOGE today. Bitcoin has surpassed 35k and Ethereum and Altcoins are painted green!
- Bitcoin price extended its rise above the key USD 35,000 resistance.
- Ethereum surpassed the USD 2,150 resistance, XRP is climbing above USD 0.70.
- ATOM, BSV, EGLD and ETC rose over 19%.
Bitcoin price remained above the USD 34,000 pivot level and continued to rise. BTC surpassed its main resistance at $35,000 to move into positive territory. It is currently showing positive signs (15:27 CEST), but the bears may prefer to protect the $36,500 level in the short term.
Also, most major altcoins are apparently gaining bullish momentum. ETH surpassed the USD 2,150 resistance and it could climb above USD 2,200. XRP/USD broke above USD 0.70.
- The coin comments we have made are not investment advice!
Cryptocurrency Market On The Rise
The cryptocurrency market has again reached promising levels on the value side and is currently at around $1,445 Trillion as you can see from the chart below.
In the last two sessions, bitcoin price mostly tested resistance levels above USD 33,500. As a result, BTC climbed above the USD 35,000 resistance zone. It even exceeded 35,500 USD. The first important resistance is near the USD 36,500 level. A successful break above USD 36,500 could provide momentum for a move towards the USD 38,000 resistance. If this possibility revives, on the downside, the USD 35,000 region could act as support. The next major support is currently forming near the USD 34,200 level.
Ethereum price is witnessing an acceleration above the USD 2,100 level. ETH surpassed the USD 2,150 resistance and it could rise higher. If there is a close above USD 2,200, the bulls may aim to test USD 2,320 in the coming sessions.
On the downside, the bulls might seek resistance near the USD 2,100 level. The next key support could form a defensive line against the bears in the USD 2,050 range.
BNB, LTC, DOGE and XRP price
Binance Coin (BNB) extended its upward move above the USD 300 resistance. BNB is rising and it may even surpass the USD 320 level. In this case, the price could test USD 340. If it continues to the downside, it could face a correction towards USD 285.
Litecoin (LTC) is up over 10% and it was able to break the USD 142 resistance. An immediate important resistance is near USD 150. An hourly close above $150 could set the stage for a larger increase. On the downside, the USD 135 level could act as a strong support.
Dogecoin (DOGE) is working for a steady rise above USD 0.265. If the bulls are successful, the price could continue higher towards USD 0.300. Otherwise, there is a risk of a fresh decline towards the USD 0.220 support zone.
XRP price gained momentum and managed to settle above the USD 0.650 level and climb above USD 0.70. On the downside, the previous resistance near USD 0.650 could be new support for the bulls in the near term.
What Happened in the Altcoin Market?
Many altcoins climbed over 15%, including EGLD, ETC, COMP, BSV, AAVE, SHIB, BTG, QTUM, ATOM, ICP, ZIL, CRV, XEM, OMG and ANKR. Apart from these, ETC rallied over 24% and broke the USD 50 level.
To sum it up, bitcoin price broke a major hurdle at $35,000. If there is a daily close above $35,000, there are chances of a steady rise towards $38,000 or even $40,000 in the coming days.
The information here is technical analysis materials, not investment advice, and the investor should decide by doing his own research. Coin Otağ is not responsible for any loss or gain.
Note: The coin comments we have made are not investment advice! Keep following the SinceCoin.