Bitcoin and Ethereum Eye Additional Gains, NEXO Rallies

cryptonews.com:

Bitcoin price once again recovered after dropping below USD 20,000 yesterday and is currently (03:52 UTC) trading above USD 20,400 and eyeing more gains. BTC is now almost unchanged in a day and down 5% in a week.

Similarly, most major altcoins might move higher. ETH recovered above USD 1,600 and is now facing resistance near USD 1,620. XRP must clear USD 0.335 and USD 0.350 to continue higher. ADA is consolidating above the USD 0.45 level.

Total market capitalization

Yesterday, bitcoin price traded below the USD 20,000 level but remained well bid above USD 19,500. It is now back above USD 20,000 and is facing an immediate resistance near the USD 20,500 level. A clear move above USD 20,500 might set the pace for additional gains. The next major resistance is near USD 21,200, above which the price might test USD 21,500.

On the downside, an initial support is near the USD 20,000 level. The next key support is still near the USD 19,500 zone, below which the price could gain bearish momentum.

Similarly to BTC, ethereum price dived below USD 1,550, but the bulls were active near USD 1,480. There was a fresh increase and the price climbed above the USD 1,600 level. ETH is up 4% in a day and down 3% in a week. The next key resistance is near the USD 1,620 level, above which the price could rise towards the USD 1,650 resistance zone. 

On the downside, an initial support is now near the USD 1,550 level. The next major support is USD 1,480, below which price could test the USD 1,420 zone. 

Cardano (ADA) is consolidating above the USD 0.45 support. An immediate hurdle is near the USD 0.475, above which the price may rise towards the USD 0.50 resistance zone.

BNB is struggling to clear the USD 292 resistance. The next hurdle is near the