Bitcoin Price Targets Additional Gains While Ethereum Consolidates

cryptonews.com:

Bitcoin price remained stable above the USD 22,000 pivot level. BTC is currently (11:20 UTC) rising and attempting a close above USD 22,500. If the bulls succeed, the price might rise towards the USD 23,200 and USD 23,500 levels.

Besides, most major altcoins are trading in a range. ETH is consolidating above USD 1,700 and eyeing a fresh increase. XRP might clear the USD 0.35 resistance level. ADA is back above the USD 0.50 pivot level.

After a close above the USD 22,000, bitcoin price traded with a bullish angle. BTC was able to clear the USD 22,200 and USD 22,350 levels. It is now attempting a close above the USD 22,500 resistance zone. The next major resistance is now near the USD 23,200 level, above which the price could rise further. In the stated case, it might even test the USD 24,000 level.

On the downside, an immediate support is near the USD 22,200 level. The next major support is near the USD 22,200 zone, below which the price could test USD 21,500.

Ethereum price remained strong above the USD 1,700 level. ETH is slowly moving higher above the USD 1,720 level. An immediate hurdle is seen near the USD 1,750 level. The next major resistance is near USD 1,775, above which the price may perhaps test USD 1,820.

On the downside, an initial support is now near the USD 1,700 level. The next major support is USD 1,680, below which price could revisit USD 1,650.

Cardano (ADA) remained well bid above the USD 0.48 support. It climbed back above the USD 0.50 level. Having said that, the bulls might continue to struggle near the USD 0.52 resistance zone.

BNB is slowly moving higher above USD 295. The main hurdle is still near the USD 300 level. A close above the USD 300 could set the pace for a larger increase in the near term.

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