Bitcoin Consolidates, Ethereum Extends Gains, DOGE Inches Higher
- Bitcoin price traded close to USD 65,000 before correcting lower.
- Ethereum is up over 5% and it broke USD 2,450, XRP is consolidating near USD 1.75.
- DGB rallied over 35%, DOGE gained another 17%.
Bitcoin price remains in a bullish zone and it extended its rise above USD 64,000. BTC traded to a new all-time high near USD 64,900 before it corrected lower. It is currently (04:00 UTC) consolidating gains and it might start a fresh increase above USD 64,000.
Besides, most major altcoins are still trading in a steady uptrend. ETH gained bullish momentum and it even broke the USD 2,450 level. XRP failed to test USD 2 and it corrected lower towards USD 1.70.
Total market capitalization
There was an upside extension in bitcoin price above the USD 64,000 level. BTC traded to a new all-time high near USD 64,900 before there was a downside correction. The bulls are now protecting the USD 63,000 support level. If there are more losses, the price could test the USD 61,200 support zone.
On the upside, the USD 63,800 level is an immediate hurdle for the bulls. The main resistance is now near USD 64,000, above which the price could test the USD 65,000 level.
Ethereum price outpaced bitcoin and it is still up over 5%. ETH broke the USD 2,450 level and traded to a new all-time high. It seems like the bulls are aiming for a test of the USD 2,500 level. Any more gains might call for a move towards the USD 2,580 level.
On the downside, USD 2,400 level is a short-term support. The next major support is near the USD 2,350 level (the recent breakout zone).
BNB, ADA, litecoin, and XRP price
Binance Coin (BNB) struggled to gain pace above the USD 575 and USD 580 levels. BNB is slowly moving lower and it even broke the USD 550 level. If there are more losses, the price could test the USD 525 level. On the upside, the price is facing a major hurdle near the USD 565 and USD 570 levels.
Cardano (ADA) is consolidating gains above the USD 1.42 and USD 1.40 levels. On the upside, an initial resistance is near the USD 1.50 level. The main resistance is near the USD 1.55 level, above which the price could rise towards the USD 1.65 and USD 1.70 levels.
Litecoin (LTC) spiked higher and tested the USD 280 resistance. LTC is now trading above the USD 270 and USD 272 support levels. If there is a fresh increase above USD 280, the bulls might test the USD 300 level.
XRP price traded towards USD 2 before correcting lower. It is now holding gains above the USD 1.72 and USD 1.70 levels. If the bulls return, there are chances of a fresh increase towards the USD 1.85 and USD 1.88 levels.
Other altcoins market today
Many altcoins gained over 10%, including DGB, WRX, AVAX, DOGE, RVN, VET, KLAY, NEXO, ATOM, STX, SC, LINK, KSM, and SUSHI. Out of these, DGB rallied above the USD 0.11 level, while DOGE gained over 16%, trading now at USD 0.129
Overall, bitcoin price is consolidating gains above the USD 62,000 level. If BTC remains stable above this level, it could rise again towards the USD 64,500 and USD 65,000 levels.