Bitcoin Price and Ethereum Print Bullish Pattern, UNI Surges
- Bitcoin price gained over 5% and surpassed $20,000.
- Ethereum could gain pace above $1,400, XRP may clear $0.48.
- UNI and NEO rallied over 10% and might rise further.
Bitcoin price started a steady increase above the $19,500 resistance. BTC is currently (11:00 UTC) up over 5%, and there was a move above $20,000. The previous resistance at $19,500 might now act as strong support.
Similarly, most major altcoins are slowly moving higher. ETH is up 5% and is approaching the $1,400 resistance zone. XRP is attempting a move above the $0.48 resistance. ADA is consolidating above the $0.45 pivot level.
After a clear move above the $19,500 resistance zone, bitcoin price started a steady increase. BTC was able to clear the $19,800 and $20,000 resistance levels. The price settled above the $20,000 level and the 50-hour simple moving average. It is now consolidating near the $20,250 resistance. On the upside, the price is facing resistance near the $20,400 level. The next major resistance is near $20,500, above which the price might climb higher towards the $21,200 level.
On the downside, initial support is near the $20,100 level. There is also minor support near the $19,950 zone, below which the price could test the key support at $19,500.
Ethereum price also gained strength above the $1,350 resistance zone. ETH is up over 5% and trading well above the 50-day simple moving average. The price is now consolidating near the $1,380 level and preparing for a move higher. Immediate resistance is near the $1,410 level, followed by $1,450 level and $1,500, which is a round, psychological barrier.
On the downside, initial support is near the $1,370 level. The next support is at $1,345, followed by major support at $1,300.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) was able to climb above the $0.45 resistance zone. It is now consolidating and may target. a move above the $0.465 resistance zone in the near term.
Binance Coin (BNB is consolidating below the $285 resistance. If there is an upside break above the $285 level, the price might rise steadily towards the $295 level.
Solana (SOL) is attempting an upside break above the $35 resistance zone. If the bulls succeed, the price may perhaps rise towards the $36.50 and $36.80 levels.
DOGE is trading in a range above the $0.0620 level. Immediate resistance is near the $0.0632 level, above which it could rise towards the $0.065 level.
XRP price is rising again and climbing higher towards the $0.48 resistance. If there is an upside break, the price may revisit the $0.50 resistance.
Other altcoins market today
Many altcoins are moving higher, including UNI, NEO, GMT, MKR, LDO, KSM, LEO, AAVE, LINK, MIOTA, XMR, CRV, and CVX. Out of these, UNI rallied over 15% and broke the $6.50 level.
Overall, bitcoin price is showing positive signs above the $20,000 level. If BTC climbs above $20,500, there may be a move higher towards the $21,200 level.