Bitcoin price remained well above the USD 36,500 support zone. BTC broke the USD 37,500 resistance to move further into a positive zone. It even hit $ 38,000 and is currently reducing profits (12:12 p.m. UTC).
Also, most of the major altcoins trade in a positive zone. ETH is trading above $ 2,500 but needs to drop $ 2,640 for sustained upward movement. XRP / USD could gain momentum if it breaks the USD 0.90 resistance.
Total market capitalization
Bitcoin price kept its gains after soaring above $ 36,500. BTC even climbed above the major resistance levels of $ 37,500 and $ 38,000. The next major resistance is at $ 38,800, above which the price could test the main $ 40,000 resistance zone. A closing price above $ 40,000 could open the doors to a bigger move higher.
On the flip side, initial support is near the $ 37,500 level. The first major support is near the $ 37,000 level below which the price could test the $ 36,500 level.
Ethereum price is trading above the $ 2,500 level. ETH is moving higher but faces hurdles near $ 2,640 and $ 2,650. A closing price above $ 2,650 could open the doors for a steady rise. The next major resistance could be $ 2,800.
On the flip side, initial support is near the USD 2,520 level. The next major support is near the $ 2,475 level.
BNB, LTC, DOGE and XRP prices
Binance Coin (BNB) climbed above the USD 365 resistance level. The NBB even tested $ 380 and is now consolidating its profits. If it corrects down, the bulls could appear near the $ 350 mark. On the downside, a break above $ 380 could lead the price towards the $ 400 resistance zone.
Litecoin (LTC) is stuck above the USD 165 level and faces major resistance near the USD 180 level. A successful close above this level could set the pace for a move towards the important $ 200 level.
Dogecoin (DOGE) failed to break the USD 0.350 resistance and corrected on the downside. It is now trading near the USD 0.335 support. Further losses could potentially push the price towards the $ 0.320 level. The next big support is near the $ 0.305 level.
XRP price is struggling to cross the $ 0.900 resistance. If the bulls succeed, the price could move towards $ 0.950. If not, there is a risk of falling towards $ 0.850. The next big support is now forming near the USD 0.820 level.
Different Altcoins Market Today
Several altcoins rose over 8% including KSM, DOT, QTUM, WBTC, BTCB, NEAR, LUNA, AMP, ZEC, XMR, CRV and NEO. Of these, KSM rose above the $ 510 level before correcting lower.
In summary, the Bitcoin price is moving into positive territory. If BTC levels off above $ 38,000 and clears $ 40,000, there could be a new rally in the near future.
Find the best price to buy / sell cryptocurrency: