Bitcoin Climbs Above USD 9,300, Altcoins Gaining Bullish Momentum
Bitcoin price is up close to 2% and it surpassed the main USD 9,300 resistance. Ethereum broke the USD 240 resistance and XRP might climb above USD 0.200. WAVES and REP gained over 10% today.
Bitcoin price remained well bid above the USD 9,050 and USD 9,000. BTC formed a strong support base above USD 9,000 and it recently started a steady rise. It broke the USD 9,200 pivot level and it is currently (08:30 UTC) trading above the main USD 9,300 resistance zone.
Similarly, most major altcoins are showing positive signs and they might continue to rise, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, XLM, and ADA. ETH/USD is up around 2% and it is now trading above the USD 240 resistance. XRP/USD is also rising and it might surpass the USD 0.200 and USD 0.202 resistance levels.
Total market capitalization
After forming a support base above USD 9,000, bitcoin price started a steady increase. BTC surpassed the USD 9,200 resistance to move into a positive zone. As a result, the bulls took control and the price popped above the USD 9,300 resistance area. The current price action seems bullish and the price might continue to rise towards the USD 9,500 resistance.
If there is a downside correction, the USD 9,250 and USD 9,200 levels are likely to act as strong buy zones in the short term.
Ethereum price is up close to 2%, and it surpassed the USD 238 and USD 240 resistance levels. ETH is showing positive signs and it could even attempt a clear break above the USD 245 resistance.
If the bulls succeed in pushing the price above USD 245, the price might continue to rise towards USD 250. On the downside, there are supports forming near USD 238 and USD 236.
Bitcoin cash, ADA and XRP price
Bitcoin cash price is rising steadily and it is now trading above the USD 238 level. An immediate hurdle is near the USD 240 level, above which BCH is likely to accelerate higher. The next major resistance is near the USD 248 and USD 250 levels. On the downside, the USD 225 level is a decent support, followed by the main USD 220 support.
ADA extended its decline below the USD 0.120 support level and it tested the USD 0.115 zone. The price is currently recovering and trading above USD 0.120. However, the price might struggle to clear the USD 0.122 resistance. The next major resistance on the upside is near the USD 0.125 level.
XRP price is rising, but it is still below the USD 0.200 resistance level. A successful close above the USD 0.200 and USD 0.202 levels could open the doors for a sustained upward move towards USD 0.212 and USD 0.215. If not, there is a risk of another decline towards the USD 0.190 support level in the coming sessions.
Other altcoins market today
In the past three sessions, a few altcoins climbed more than 5%, including WAVES, REP, OMG, MIOTA, STX, DGTX, and STEEM. Conversely, KAVA, BAND, RLC, LUNA, LEND, and SXP are down over 10%.
Overall, bitcoin price is gaining strength above USD 9,200 and USD 9,300. If BTC settles above USD 9,300, there are chances of more upsides towards the USD 9,500 level. Any further gains could lead it towards the USD 9,800 level.