Bitcoin Price and Ethereum Eye Crucial Bullish Break

cryptonews.com:

Bitcoin price recovered above the $19,000 and $19,200 level. BTC is currently (10:30 UTC) eyeing an upside break above the $19,650 resistance. If the bulls succeed, the price could rally 5%-8%.

Similarly, most major altcoins might start a fresh increase. ETH is consolidating above $1,300 and might climb higher above $1,350. XRP is still facing resistance near the $0.45 zone. ADA is consolidating near the $0.435 level.

Recently, bitcoin price started a recovery wave above the $19,200 resistance. BTC even settled above the $19,200 level and the 50-hour simple moving average. However, the price seems to be facing a strong resistance near the $19,650 and $19,700 levels. The next major resistance is near $20,000, above which the price might start a strong increase.

If there is no upside break above $19,650, the price may perhaps start a fresh decline. 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 gain bearish momentum.

Ethereum price climbed higher above the $1,300 resistance zone. ETH even cleared the $1,320 level and the 50-hour simple moving average. It is now struggling to clear the $1,340 level and a connecting bearish trend line on the hourly chart. The next major resistance is near the $1,350 level, above which the price could revisit the $1,400 resistance.

If ether price fails to clear the trend line resistance, it could correct lower. On the downside, an initial support is near the $1,308 level. The next major support is $1,280, below which price could revisit $1,255.

Cardano (ADA) is still consolidating near the $0.435 level. If there is a fresh increase, it might test the $0.45 resistance zone. Conversely, the price could drop and