Bitcoin and Altcoins Gain Bullish Momentum
Bitcoin price gained bullish momentum and even broke the USD 9,300 resistance. Ethereum spiked above USD 240, and XRP is rising towards the USD 0.190 barrier. DOGE outperformed with a strong 20% rally and LEND is up over 15%.
Bitcoin price started a fresh increase above the USD 9,200 resistance level. BTC even broke the USD 9,300 resistance and tested the USD 9,350 region. It is currently (08:30 UTC) correcting lower, but dips are likely to remain supported and the price could resume its upward move.
Also, there was a steady rise in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD gained over 2% and it spiked above the USD 240 level before correcting lower. XRP/USD is also showing a lot of positive signs and it seems like it could soon test USD 0.192.
Total market capitalization
Recently, bitcoin price gained bullish momentum above the USD 9,200 resistance level. BTC was able to surpass the USD 9,300 level and it is currently correcting gains. On the downside, the USD 9,220 and USD 9,200 levels are likely to act as supports. The first major support is at USD 9,150, followed by USD 9,120.
On the upside, a successful daily close above the USD 9,300 level may perhaps open the doors for a larger upward move towards the USD 9,500 and USD 9,550 levels in the near term.
Ethereum price also followed bitcoin and jumped above the main USD 235 resistance. ETH tested the USD 244 level and it is currently correcting lower below USD 240. On the downside, the previous resistances at USD 235 and USD 232 are likely to act as strong supports.
To start a fresh increase, the bulls need to gain strength above USD 240. The next key resistance zone is near the USD 250 level.
Bitcoin cash, litecoin and XRP price
Bitcoin cash price surged more than 5% and it broke the USD 230 and USD 235 levels. BCH even tested the USD 240 level and it seems like it could continue to rise towards the USD 245 level. If there is a downside correction, the USD 232 and USD 230 levels are likely to provide support.
Litecoin is trading above the USD 43.00 level and it is up over 2%. LTC is slowly rising towards the main USD 45.00 resistance. If there is a successful close above the USD 45.00 level, the bulls are likely to take control. On the downside, the USD 42.20 and USD 42.00 levels are likely to protect a downward move.
XRP price is gaining momentum and it is now trading well above the USD 0.182 pivot level. The price spiked towards the USD 0.190 level and it is currently consolidating gains. It seems like the bulls are in control and it is likely to climb higher towards the USD 0.192 resistance.
Other altcoins market today
In the past three sessions, many small altcoins jumped over 8%, including DOGE, LEND, BSV, LINK, ERD, FXC, REN, BCD, ADA, RLC, XVG, VET, and NANO. Out of these, DOGE rallied 20% and it traded above the USD 0.0027 level.
Overall, bitcoin price is trading in a positive zone above the USD 9,200 level. If BTC regains USD 9,300 and remains stable in the next few hours, there are chances of another strong rise in the coming sessions.