Bitcoin and Ethereum Prepare For Next Move, Altcoins Gain
- Bitcoin price is consolidating below USD 41,000.
- Ethereum is struggling near USD 2,800, XRP is still below USD 0.80.
- AAVE, RUNE, and CELO are up 15%-22%.
Bitcoin price gained pace above the USD 40,000 resistance and traded above USD 41,000, but there was no upside continuation. It is currently (11:43 UTC) consolidating gains near USD 40,700 and is almost unchanged in a day.
Similarly, most major altcoins are showing positive signs. ETH traded above the USD 2,750 level, but it is struggling near USD 2,800. XRP is still facing resistance near USD 0.80. ADA is eyeing an upside break above USD 0.85.
Total market capitalization
After a close above USD 40,000, bitcoin price climbed higher. BTC even cleared the USD 41,000 level. It is now consolidating gains near the USD 41,000 zone. An immediate resistance is near the USD 41,250 level. The next key resistance is near the USD 41,550 level, above which the price might start another steady increase.
If there is a downside correction, the price might test the USD 40,250 level. The next key support is near the USD 40,000 level, below which the price may perhaps face selling interest.
Ethereum price extended gains above the USD 2,750 resistance and is now up 3% in a day. ETH is now facing a strong resistance near the USD 2,800 level. The next resistance is near the USD 2,850 level, above which the price could aim for a larger increase in the near term.
On the downside, an initial support is near the USD 2,750 level. The next key support is near the USD 2,720 level, below which the price might test the USD 2,650 support.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) is showing positive signs, but it is facing a strong resistance near USD 0.85. If there is an upside break above USD 0.85, the price could rise towards the USD 0.90 level or even USD 0.92.
BNB is now attempting an upside break above the USD 385 and USD 388 resistance levels. If there is a clear move above the USD 388 level, the price may perhaps rise towards the USD 400 level.
Solana (SOL) is moving higher towards the USD 90 level. The next key resistance is near the USD 95 level, above which the price could even spike above the USD 100 level.
DOGE is now trading above the USD 0.115 resistance and it might soon test the USD 0.118 resistance. The next major resistance is near the USD 0.120 level, above which the price might gain bullish momentum.
XRP price is still struggling to clear the USD 0.80 resistance. If the bulls continue to struggle, there could be a bearish reaction towards USD 0.75. The next major support might be USD 0.72, followed by the USD 0.70 zone.
Other altcoins market today
Many altcoins are in the green zone, including AVAX, DOT, SHIB, ATOM, NEAR, RUNE, LEO, SAND, ZEC, MKR, CELO, and AAVE. AAVE jumped above USD 144 and is now also up 13% in a week. RUNE trades above USD 8, after it rallied 17% in a day and 49% in a week. CELO increased by 22%, surpassed USD 3, and increased its weekly gains to almost 5%.
To sum up, bitcoin price is showing positive signs and trading well above USD 40,000. In the short-term, there might be a minor decline, but BTC might soon aim for a move above USD 41,250.