Bitcoin Jumps Above USD 63K, Ethereum Tests ATH, DOT Outperforms
- Bitcoin price is rising and it might surpass USD 64,000.
- Ethereum is eyeing a break above USD 4,500, XRP still below USD 1.12.
- DOT rallied over 16% and surpassed USD 50.
Bitcoin price started a fresh increase above the USD 62,000 resistance. BTC surpassed USD 62,500 and it is currently (11:53 UTC) showing positive signs. A close above USD 64,000 could spark a rally in the near term.
Besides, most major altcoins are also rising steadily. ETH is gaining momentum and it might soon test USD 4,500. XRP is aiming for a key upside break above USD 1.12. ADA could gain pace if there is a close above USD 2.00.
Total market capitalization
After forming a base above USD 60,500, bitcoin price started a fresh increase. BTC surpassed the USD 62,500 and USD 62,650 resistance levels. The price broke the USD 63,000 level and it might rise further above USD 64,000. The main resistance is at USD 65,000, above which the price could accelerate higher in the nearest sessions.
An initial support on the downside is near the USD 62,500 level. The main support is now forming near the USD 62,000 level. A downside break below USD 62,000 might start a fresh decline.
Ethereum price gained pace after it broke the USD 4,350 resistance level. ETH cleared the USD 4,400 resistance and it even spiked above USD 4,450, testing its all-time high. A close above USD 4,500 could push the price towards the USD 4,650 level and a new all-time high.
If there is a downside correction, the price might find support near USD 4,350. The next major support is now forming near the USD 4,250 level.
ADA, BNB, SHIB, SOL, and XRP price
Cardano (ADA) is rising towards the USD 2.00 level. A close above USD 2.00 might start a steady increase. The next major resistance is near USD 2.12, above which it could test USD 2.25.
Binance coin (BNB) attempted an upside break above the USD 550 level. If there is a close above USD 550, the price might start a fresh rally. In this case, the price could rally above the USD 575 and USD 580 resistance levels.
SHIB is consolidating above the USD 0.0000700 support zone. An immediate resistance is near the USD 0.0000720 level, above which the price may perhaps rise towards the USD 0.0000735 level. If there is a downside break below USD 0.0000700, the price might slide towards USD 0.0000650.
Solana (SOL) is consolidating above the USD 200 level. An immediate resistance is near the USD 212 level. A clear break above USD 212 could spark a fresh upward move. The next major resistance is near the USD 230 level.
XRP price is consolidating above the USD 1.08 support level. It is facing resistance near the USD 1.12 level, above which the price could start a stronger increase. The next stop could be USD 1.20.
Other altcoins market today
Many altcoins are up over 8%, including LRC, SAND, AUDIO, ENJ, DOT, ANKR, HOT, KSM, CHZ, KLAY, NEXO, and CRO. Out of these, LRC gained 75% and broke the USD 1.20 level.
To sum up, bitcoin price is gaining pace above USD 62,500. If BTC stays above USD 63,000, it could gain momentum above the USD 64,000 level. The next major hurdle for the bulls is near USD 65,000.