Bitcoin Price and Ethereum Relatively Muted, GLM Starts Fresh Rally

cryptonews.com:

Bitcoin price stayed above the $19,500 support zone. BTC is currently (12:20 UTC) consolidating near the $20,000 level. To start a fresh increase, the bulls must push the price above the $20,500 resistance zone in the near term.

Similarly, most major altcoins might attempt a fresh increase. ETH is slowly moving lower towards the $1,550 support zone. XRP is stable near $0.335 and might rise towards $0.35. ADA is aiming a move towards the $0.50 resistance zone.

After a bearish reaction, bitcoin price managed to stay above the $1,900 support zone. BTC corrected higher and moved above $20,000. However, the bulls are now facing a strong resistance near the $20,400 and $20,500 levels. The next major resistance is now near the $20,800 level, above which the price could rise towards the $21,200 level.

On the downside, an initial support is near the $20,000 level. The next major support is near the $19,550 zone, below which the price drop 5%-8%.

Ethereum price struggled to stay above the $1,620 level. ETH declined below the $1,600 level and is currently moving lower. The next major support is $1,550, below which price could accelerate lower. In the stated case, the price might test $1,500 in the coming sessions.

On the upside, an immediate hurdle is near the $1,620 level. The next major resistance is near $1,650, above which the price could gain bullish momentum.

Cardano (ADA) is now consolidating near the $0.465 level. An immediate resistance is near the $0.48 level. The main hurdle is near the $0.50 level, above which the price might start a steady increase and revisit the $0.52 resistance zone.

BNB is struggling to clear the $280 and $282 resistance levels. The next major resistance is near the $292 level, above which the price could