Bitcoin and Ethereum Inch Higher, MATIC Extends Its Rally, BNB Accelerates

cryptonews.com:

Bitcoin price is holding the key USD 20,000 support zone and moving towards USD 21,000 again. BTC is currently (11:43 UTC) trading near USD 20,700 and is unchanged in a day and down 8% in a week. A clear move above USD 21,000 and USD 21,200 could set the tone for a stronger increase.

Similarly, most major altcoins are also eyeing an upside break. ETH must clear USD 1,120 and USD 1,150 for a fresh increase. XRP is still consolidating near USD 0.320. ADA could attempt a fresh move towards USD 0.50.

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Bitcoin price seems to be forming a base near the USD 20,250 level. On the upside, an immediate resistance is near the USD 21,000 level. The first major resistance is now near USD 21,200. A clear move above the USD 21,200 level might start a fresh increase.

If not, the price might trade below the USD 20,000 support level. The next major support is near the USD 19,500 zone, below which the price could start a stronger decline.

Ethereum price is also moving higher above the USD 1,100 level. On the upside, the price is facing resistance near the USD 1,120 level. The main breakout zone is near USD 1,150, above which the price could start a steady increase. The next major resistance might be near USD 1,250. ETH is almost unchanged in a day and down 10% in a week.

On the downside, an initial support is at USD 1,065. The next major support is near USD 1,050, below which the price might revisit the USD 1,000 zone.

Cardano (ADA) is consolidating above the USD 0.465 support. The first major resistance is near the USD 0.48 level, above which the price could rise towards the main USD 0.50 resistance.

BNB is up over 4% and is trading above the USD 225 level. The main resistance is near the USD 230 level. A close above