Bitcoin and Ethereum Trim Gains, BTG and ETC Outperform

cryptonews.com:

Bitcoin price gained pace after it broke the USD 24,200 resistance zone. BTC even climbed above USD 24,500, but it failed to test USD 25,000. It is currently (04:17 UTC) trading near USD 24,000 and is down 1% in a day and up 6% in a week.

Besides, most major altcoins are consolidating gains. ETH is trading near USD 1,900 and eyeing more gains. XRP might attempt an upside break above USD 0.385. ADA is facing a major hurdle near the USD 0.55 level.

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After a clear move above the USD 24,000 level, bitcoin price extended its increase and spiked above the USD 24,800 level, but there was no test of USD 25,000, and BTC moved below the USD 24,200 support level. On the downside, an immediate support is at USD 23,800. The next major support is near the USD 23,500 zone, below which the price could gain bearish momentum.

On the upside, the price is now facing resistance near the USD 24,200 level. The next resistance is near the USD 24,500 level, above which the price might test USD 25,000.

Ethereum price outperformed bitcoin and remained well bid above the USD 1,850 level. ETH is now consolidating gains near the USD 1,900 level and is up 1% in a day and 18% in a week. An immediate resistance is near the USD 1,920 level. The next key resistance is near the USD 1,940 level, above which the price may perhaps test the USD 2,000 resistance zone.

On the downside, an initial support is near the USD 1,850 level. The next major support is near the USD 1,820 zone, below which the price could drop towards the USD 1,750 level.

Cardano (ADA) struggled to clear the USD 0.55 resistance and is now consolidating near the USD 0.535 level. If there is a downside correction, the price might drop towards the USD 0.512 level.

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