Bitcoin Price and Ethereum Aim Higher, MKR and RUNE Rally

cryptonews.com:

Bitcoin price is slowly moving higher above $19,500. BTC is currently (04:10 UTC) facing resistance near 19,650. A clear move above the $19,650 and $20,000 resistance levels might open the doors for a steady increase.

Similarly, most major altcoins are eyeing a steady increase. ETH could gain pace if it clears the $1,350 resistance zone. XRP is eyeing a fresh increase towards the $0.48 resistance. ADA is facing resistance near $0.435.

After retesting the $19,000 level, bitcoin price started a steady increase. BTC was able to clear the $19,200 and $19,300 levels. It even broke the $19,500 level and the 50-hour simple moving average. The price is now facing a strong resistance near the $19,650 level. The next major resistance is near $20,000, above which the price might gain bullish momentum.

On the downside, an initial support is near the $19,300 level. The next major support is near the $19,000 zone, below which the price could drop to $18,500.

Ethereum price also formed a base above the $1,265 level and started a steady increase. ETH was able to clear the $1,300 resistance zone. There was also a move above the $1,320 level and the 50-hour simple moving average. On the upside, the price is facing resistance near the $1,330 level. The next major resistance is near the $1,350 level, above which the price could gain bullish momentum.

On the downside, an initial support is near the $1,305 level and the 50-hour simple moving average. The next major support is $1,265, below which price could gain bearish momentum.

Cardano (ADA) is consolidating above the $0.42 level. It is slowly moving higher towards the $0.435 resistance zone. The main support sits near the $0.45 level, above which the price could rise towards $0.48.

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