Bitcoin and Ethereum Move Higher, Altcoins Surge
Bitcoin price remained well bid above the USD 37,000 level. BTC started a decent increase and cleared the USD 38,000 resistance before moving lower again. It is currently (11:54 UTC) up around 3% in a day and is trading near USD 38,000.
Similarly, most major altcoins are gaining bullish momentum. ETH rallied 8% and there was a clear move above USD 2,800. XRP is attempting an upside break above USD 0.632. ADA may perhaps rise to USD 1.10.Learn more: Analysts Say That Bitcoin and Ethereum May Be Bottoming Out (Soon)
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After a close above USD 37,000, bitcoin price was able to extend gains. BTC broke the USD 37,800 resistance and even surpassed USD 38,000. The next major resistance is near the USD 38,500 level, above which the price might revisit the USD 39,200 resistance. Any more gains could send it to USD 40,000.
On the downside, an immediate support is near the USD 37,200 level. The next major support is near USD 37,000, below which the price could drop to USD 36,000.
Ethereum price started a strong surge above the USD 2,700 level. ETH outperformed BTC and rallied 8%. There was a clear move above the USD 2,800 resistance. The next key resistance is near the USD 2,880 level, above which the price could rise to USD 3,000.
An initial support is near the USD 2,780 level. The next major support is near USD 2,750, under which the price may perhaps test USD 2,700.
Cardano (ADA) is forming a base above the USD 1.05 level. The first key resistance is near USD 1.08, but the key hurdle is still near USD 1.10. A close above USD 1.10 could spark a stronger increase.
Binance coin (BNB) is moving higher towards the USD 380 resistance. The next key resistance is near USD 388. A clear move above USD 388 is a must for a
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