Bitcoin Tests USD 21K, Ethereum Still Above USD 1.1K, WAVES and ZIL Accelerate
Bitcoin price moved higher above the USD 20,500 resistance zone and climbed above the USD 21,200 level before correcting lower. It is currently (11:51 UTC) trading near USD 21,060 and is up 1% in a day and down 6% in a week.
Similarly, most major altcoins are trending higher. ETH cleared the USD 1,150 level before trimming some of its gains. XRP is also moving higher while ADA tested the USD 0.50 resistance.
Total market capitalization
After a close above the USD 20,500 resistance, bitcoin price was able to continue higher and cleared the USD 21,000 and USD 21,200 resistance levels before moving closer to USD 21,000 again. The next major resistance could be USD 22,200, above which the price may perhaps climb towards the USD 23,000 level in the near term.
On the downside, an initial support is near the USD 20,500 level. The next major support is near the USD 20,000 zone, below which the price could gain bearish momentum.
Ethereum price was able to climb above the USD 1,112 level and surpass the USD 1,150 level before correcting lower. If there is a proper close above the USD 1,150 level, the price might accelerate higher. The next major resistance could be USD 1,200, above which the price could rise towards the USD 1,250 level. ETH is down 1% in a day and almost 5% in a week.
On the downside, an immediate support is at USD 1,080. The next major support is near USD 1,050, below which the bulls could face an increase in selling pressure.
Cardano (ADA) was able to clear the USD 0.50 resistance but failed to continue higher and corrected below this level again. If it resumes its increase, an immediate resistance is at USD 0.62. Any more gains could set the pace for a move towards USD 0.65.
BNB remained above the USD 212 level and
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