Bitcoin and Altcoins Turn Green
- Bitcoin price traded towards the USD 9,500 resistance and currently consolidating.
- Ethereum is rising towards the USD 250 resistance, and XRP extended gains above USD 0.202.
- HOT, XLM, RLC, and CKB gained over 15% today.
Bitcoin price is trading in a positive zone above the USD 9,300 level and it recently climbed towards the USD 9,500 resistance level. BTC is currently (08:30 UTC) consolidating gains near USD 9,400 and it seems like the bulls are aiming at more upsides above the USD 9,500 and USD 9,550 levels.
Similarly, most major altcoins are trading in an uptrend, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is rising and it is approaching the main USD 250 resistance region. Conversely, XRP/USD settled above the USD 0.200 resistance, opening the doors for more gains towards USD 0.212 or USD 0.215.
Total market capitalization
After a successful close above the USD 9,300 resistance, bitcoin price extended its rise above the USD 9,400 level. BTC traded close to the USD 9,500 resistance, but it failed to continue higher. It is currently consolidating near the USD 9,400 level. If there is a downside correction, the previous resistance at USD 9,320 and USD 9,300 could provide support.
On the upside, an initial resistance is near USD 9,450, but the main hurdles on the upside are near USD 9,500 and USD 9,550.
Ethereum price has gained over 2% and it is trading above the USD 245 level. It seems like ETH is approaching the main USD 250 resistance. A successful close above the USD 250 level might push the price towards the USD 260 and USD 262 levels in the near term.
Conversely, the price might start a downside correction towards the USD 242 and USD 240 support levels. The next key support is near USD 235 (the recent breakout zone).
Bitcoin cash, litecoin and XRP price
Bitcoin cash price is trading above the USD 240 pivot level. BCH/USD seems to be consolidating gains and it could continue to rise towards the USD 248 and USD 250 levels. If not, there is a risk of a downside correction below the USD 240 level. In the stated case, it could revisit the USD 232 support or USD 230.
Litecoin is up close to 2% and it surpassed the main USD 45.00 resistance. LTC is now trading near USD 45.50 and it could face a short-term resistance at USD 46.60. The next major resistance is at USD 48.50, above which it could revisit USD 50.00. On the downside, the USD 44.00 level might provide support.
XRP price extended its rally by over 4% and it broke the USD 0.202 and USD 0.204 levels. It is currently trading in a range near USD 0.204, with an initial support at USD 0.202. The first major support is at USD 0.200. On the upside, a successful break above USD 0.206 might lead the price towards USD 0.212 or USD 0.215.
Other altcoins market today
In the past three sessions, many small altcoins surged more than 8%, including HOT, XLM, RLC, CKB, FXC, STX, SNT, BTT, BTM, SC, VET, and SNX. Out of these, HOT rallied over 35% and it surpassed the USD 0.00075 levels.
To sum up, bitcoin price is trading in a positive zone above USD 9,300 and USD 9,200. In the short-term, there could be range moves in BTC, but it seems like the bulls might aim at an upside break above the USD 9,500 level in the coming sessions.