Bitcoin, Ethereum and Altcoins Show Signs of Trend Reversal

Altcoins Binance Coin Bitcoin Cardano Ethereum Litecoin
Last updated:
Author
Author
Aayush Jindal
About Author

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Bitcoin price climbed 5% and it settled above USD 47,500. Ethereum broke the key USD 1,500 resistance, XRP might face resistance at USD 0.450. FTM, CAKE, XVS, and RVN surged over 28%.

Bitcoin price started an upside move from USD 43,000. BTC surpassed the USD 46,500 resistance and it even gained pace above USD 47,000. It even attempted a close above USD 48,000 and it is currently (12:30 UTC) showing positive signs.

Similarly, most major altcoins are showing signs of a fresh increase. ETH climbed above the USD 1,450 and USD 1,500 resistance levels. XRP/USD is well above USD 0.420, but it could face hurdles near USD 0.450.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After testing the USD 43,000 zone, bitcoin price started a steady increase. BTC is up over 5% and it cleared a couple of important hurdles near USD 47,000. If there is a close above USD 48,000, the bulls might gain bullish momentum. In this case, there are chances of a push towards the USD 50,000 level.
On the downside, the previous resistance at USD 47,000 might act as a support. The next major support is seen near the USD 46,200 level. Any more losses could reverse gains and the price might revisit USD 43,000.

Ethereum price

Ethereum price is up over 10% and it broke many important barriers near USD 1,450 and USD 1,500. The next key resistance is near the USD 1,550 level. A close above USD 1,550 might pump the price towards the USD 1,600 level.
If there is a downside correction, the price could find bids near the USD 1,500 and USD 1,480 levels. The next key support is now forming near the USD 1,450 level.

BNB, ADA, litecoin, and XRP price

Binance Coin (BNB) gained over 15% and it surpassed the USD 232 resistance. BNB even cleared the USD 250 resistance and it is showing positive signs. The next resistance sits at USD 255. A clear break above USD 255 may possibly open the doors for a move towards the USD 270 level. Conversely, dips might find support near the USD 235 and USD 232 levels.
Cardano (ADA) is holding gains above the USD 1.200 level. An immediate resistance is near the USD 1.320 level. The first major resistance is near the USD 1.350 level, above which the price could rise towards USD 1.480. On the downside, the bulls might remain active near USD 1.220 and USD 1.200.
Litecoin (LTC) is showing positive signs and it is trading above the USD 165 level. LTC is now trading near USD 170. If the bulls remain in action, there are chances of a move towards the USD 178 and USD 180 levels. The next key stop for the bulls could be USD 188. If there is a fresh decline, the price might find bids near USD 165 and USD 162.
XRP price is slowly recovering and trading well above USD 0.420. However, the USD 0.450 is a strong hurdle. A close above the USD 0.450 level could clear the path for a push towards the USD 0.480 and USD 0.500 levels. On the downside, the price might remain stable at around USD 0.412 and USD 0.405.

Other altcoins market today

Many altcoins climbed over 10%, including FTM, CAKE, XVS, VGX, RVN, AAVE, SOL, MKR, ENJ, COMP, HOT, SUSHI, RUNE, NEXO, NEAR, DODO, SNX, and RSR. Out of these, FTM surged 30% and surpassed USD 0.550.

To sum up, bitcoin price is showing positive signs above USD 47,000. If BTC settles above USD 48,000, the price could rise towards the USD 50,000 resistance level.
_____

Find the best price to buy/sell cryptocurrency:

More Articles

News
World of Women and Artist Sara Baumann Launch Free NFT Portrait Series
Tanzeel Akhtar
Tanzeel Akhtar
2025-02-18 23:43:46
Blockchain News
Tether Co-Founder Supports New Stablecoin Project on Ethereum and Solana
Hassan Shittu
Hassan Shittu
2025-02-18 23:32:13
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors