Bitcoin and Ethereum Stuck in Key Range, CEL Outperforms
Bitcoin price remained well bid above the USD 19,000 support zone and is currently (11:46 UTC) moving higher, but there are many hurdles near USD 20,000. A clear move above USD 20,000 could set the pace for a recovery wave. For now, BTC trades near USD 19,600 and is up almost 3% in a day and still down 7% in a week.
Similarly, most major altcoins are holding key support levels. ETH is moving higher above the USD 1,000 support zone. XRP is trading in a range above the USD 0.30 support. ADA is stuck between USD 0.42 and USD 0.48.
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After another test of the USD 19,000 support, bitcoin price found strong bids and moved above the USD 19,500 level. An initial resistance on the upside is near the USD 19,800 level. The next major resistance is now near USD 20,000, above which there are chances of a steady recovery wave.
On the downside, an immediate support is near the USD 19,000 level. The next major support is near the USD 18,800 zone, below which the price might decline sharper.
Ethereum price remained above the USD 1,000 support and managed to move above the USD 1,080 level. The first major resistance near the USD 1,100 level. The next major resistance is near USD 1,120, above which the price could start a recovery wave. ETH is up 2% in a day and down 11% in a week.
If there is no upside break above USD 1,100, the price might dip below USD 1,050. The next major support is near USD 1,000, below which the price could gain bearish momentum.
Cardano (ADA) found support and is moving higher above the USD 0.45 level. The first major resistance is near the USD 0.465 level, above which the price might test USD 0.48.
BNB traded close to the USD 212 support level. It is now moving higher and trading above USD 220.
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