15 Jul 2022 · 2 min read

Bitcoin and Ethereum Gain Momentum, Market Turns Green

 

  • Bitcoin price surpassed the USD 20,500 resistance.
  • Ethereum surged 13%, XRP is up over 7%.
  • SOL and UNI are up over 12%.

Bitcoin price settled above the USD 20,000 pivot level. BTC gained pace for a move above the USD 20,500 resistance zone. It is currently (11:26 UTC) up 5.7% and might rise further above the USD 21,200 resistance.

Similarly, most major altcoins are gaining bullish momentum. ETH rallied 13% and cleared the USD 1,200 level. XRP is aiming for a move above the USD 0.35 resistance zone. ADA could aim for a rally if there is a move above the USD 0.45 resistance zone.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a close above the USD 20,000 pivot level, bitcoin price started its increase. BTC was able to clear the USD 20,500 resistance zone. It opened the doors for a move above USD 20,800. An immediate resistance is now near the USD 21,200 level. The next major resistance could be USD 21,500, above which the price could gain bullish momentum.

On the downside, an initial support is near the USD 20,500 level. The next major support is near the USD 20,200 zone, below which the price could revisit USD 20,000.

Ethereum price

Ethereum price outperformed bitcoin and gained a pace above the USD 1,150 resistance. ETH is up 13%, and there was a move above the USD 1,200 level. The next major resistance sits at USD 1,250, above which the price could aim for a test of USD 1,320.

On the downside, the price might find support near USD 1,180. The next major support is near USD 1,150, below which the price could visit the USD 1,120 support zone.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) is showing positive signs above the USD 0.42 support zone. It is now approaching the USD 0.45 resistance. A close above the USD 0.45 resistance might start a steady increase.

BNB is gaining a pace above the USD 235 resistance. The price is now approaching the USD 242 resistance, above which the price could rise towards the USD 250 resistance zone.

Solana (SOL) surged over 12% and settled well above the USD 35 resistance level. The next major hurdle is near USD 38.80, above which it could test the key barrier at USD 40. Any more gains might call for a test of USD 42.

DOGE is rising steadily above the USD 0.062 support level. It is trading above the USD 0.0632 level and might soon test the USD 0.065 resistance zone.

XRP price is rising towards the USD 0.35 resistance zone. If there is a clear move above USD 0.35, the price could accelerate higher. In that case, the price could rise towards USD 0.40.

Other altcoins market today

Many altcoins are currently moving higher, including DOT, TRX, SHIB, MATIC, AVAX, UNI, LTC, FTT, NEAR, ATOM, XMR, ALGO, and XTZ. Out of these, MATIC rallied nearly 13% and surged towards the USD 0.70 level.

To sum up, bitcoin price is accelerating higher towards the USD 21,200 resistance. If BTC clears USD 21,200, it could rise towards the USD 22,000 level in the near term.

_____

Find the best price to buy/sell cryptocurrency: