Bitcoin and Ethereum Prepare For Next Move, Altcoins Gain
Bitcoin price gained pace above the USD 40,000 resistance and traded above USD 41,000, but there was no upside continuation. It is currently (11:43 UTC) consolidating gains near USD 40,700 and is almost unchanged in a day.
Similarly, most major altcoins are showing positive signs. ETH traded above the USD 2,750 level, but it is struggling near USD 2,800. XRP is still facing resistance near USD 0.80. ADA is eyeing an upside break above USD 0.85.
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After a close above USD 40,000, bitcoin price climbed higher. BTC even cleared the USD 41,000 level. It is now consolidating gains near the USD 41,000 zone. An immediate resistance is near the USD 41,250 level. The next key resistance is near the USD 41,550 level, above which the price might start another steady increase.
If there is a downside correction, the price might test the USD 40,250 level. The next key support is near the USD 40,000 level, below which the price may perhaps face selling interest.
Ethereum price extended gains above the USD 2,750 resistance and is now up 3% in a day. ETH is now facing a strong resistance near the USD 2,800 level. The next resistance is near the USD 2,850 level, above which the price could aim for a larger increase in the near term.
On the downside, an initial support is near the USD 2,750 level. The next key support is near the USD 2,720 level, below which the price might test the USD 2,650 support.
Cardano (ADA) is showing positive signs, but it is facing a strong resistance near USD 0.85. If there is an upside break above USD 0.85, the price could rise towards the USD 0.90 level or even USD 0.92.
BNB is now attempting an upside break above the USD 385 and USD 388 resistance levels. If there is a clear move above the
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