Bitcoin price is still struggling to clear the $19,500 resistance. BTC is currently (11:10 UTC) consolidating near the $19,000 zone. If there is no upside break, the bears might aim a move towards the $18,000 level.
Similarly, most major altcoins might aim a fresh increase. ETH could rise steadily if there is a clear move above the $1,350 resistance. XRP is consolidating gains above the $0.40 level. ADA is still consolidating above the $0.45 zone.
In the past three sessions, bitcoin price saw range moves near the $19,000 level. BTC seems to be eyeing a fresh increase as it broke a connecting bearish trend line at $19,000 on the hourly chart. It is now attempting a close above the $19,200 level and the 50-hour simple moving average. The next major resistance is near $19,380. A clear move above the $19,380 resistance might send the price to the $19,620 resistance or even $20,000.
On the downside, an initial support is near the $19,000 level. The next major support is near the $18,785 zone, below which the price could test the $18,380 support zone.
Ethereum price is forming a support base above the $1,320 level. ETH is also attempting upside break above the $1,350 resistance zone and the 50-hour simple moving average. The next major resistance is still near the $1,390 and $1,410 levels, above which the price may perhaps start a strong increase.
If not, the price might slide again. An initial support is near the $1,330 level and a bullish trend line on the hourly chart. The next major support is $1,310, below which price could revisit $1,275.
Cardano (ADA) is still consolidating above the $0.450 zone. An immediate resistance is near the $0.465 level, above which the price could rise towards the $0.48 level in the near term.
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