Bitcoin price remained well bid above the USD 36,500 zone. As a result, BTC started a fresh increase and broke the USD 38,000 resistance. It is currently (04:16 UTC) trading above USD 38,600 and is eyeing an upside break above USD 38,800.

Similarly, most major altcoins are showing positive signs. ETH gained pace for a move above the USD 2,750 resistance zone. XRP is back above USD 0.60. ADA is attempting an upside break above the USD 1.05 resistance.

Total market capitalization

After a downside correction, bitcoin price found support near USD 36,500. BTC started a fresh increase and climbed above the USD 38,000 resistance. It is now up 4% in a day and is attempting an upside break above the USD 38,800 level. If the bulls succeed, the price could accelerate higher towards the USD 40,000 hurdle in the short term.

An immediate support is near the USD 38,000 level. The next major support is near USD 37,500, below which the price could revisit the USD 36,500 support zone.

Ethereum price started a strong increase above the USD 2,600 level. ETH is up 10% and is now testing the USD 2,750 resistance, above which the price could accelerate towards the USD 2,800 level.

On the downside, an initial support is near the USD 2,680 level. The next major support is near USD 2,650, below which the price may perhaps struggle to stay above USD 2,600.

Cardano (ADA) remained strong above the USD 1.00 support zone. There was a steady recovery wave above the USD 1.04 level. To continue higher, the price must clear the USD 1.05 resistance.

Binance coin (BNB) is rising and trading above USD 380. The first key resistance is near the USD 388 level. A proper break above the USD 388 level might push the price towards the main USD 400 resistance.

Solana (SOL)