Bitcoin Price Targets Additional Gains While Ethereum Consolidates
- Bitcoin price is attempting a close above $22,500.
- Ethereum is consolidating above $1,700, XRP might gain pace above $0.365.
- TWT and HBAR are showing signs of a fresh increase.
Bitcoin price remained stable above the $22,000 pivot level. BTC is currently (11:20 UTC) rising and attempting a close above $22,500. If the bulls succeed, the price might rise towards the $23,200 and $23,500 levels.
Besides, most major altcoins are trading in a range. ETH is consolidating above $1,700 and eyeing a fresh increase. XRP might clear the $0.35 resistance level. ADA is back above the $0.50 pivot level.
After a close above the $22,000, bitcoin price traded with a bullish angle. BTC was able to clear the $22,200 and $22,350 levels. It is now attempting a close above the $22,500 resistance zone. The next major resistance is now near the $23,200 level, above which the price could rise further. In the stated case, it might even test the $24,000 level.
On the downside, an immediate support is near the $22,200 level. The next major support is near the $22,200 zone, below which the price could test $21,500.
Ethereum price remained strong above the $1,700 level. ETH is slowly moving higher above the $1,720 level. An immediate hurdle is seen near the $1,750 level. The next major resistance is near $1,775, above which the price may perhaps test $1,820.
On the downside, an initial support is now near the $1,700 level. The next major support is $1,680, below which price could revisit $1,650.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) remained well bid above the $0.48 support. It climbed back above the $0.50 level. Having said that, the bulls might continue to struggle near the $0.52 resistance zone.
BNB is slowly moving higher above $295. The main hurdle is still near the $300 level. A close above the $300 could set the pace for a larger increase in the near term.
Solana (SOL) surpassed the $38 level and is approaching the $38.50 level. The next major resistance is near $40 level, above which the price might rise 5%-8%.
DOGE is till now consolidating near the $0.0635 level. If there is a fresh increase, the price might test the $0.0650 resistance. A close above $0.0650 might open the doors for a move to $0.0688.
XRP price is stuck in a range above the $0.35 level. It is struggling to clear the $0.365 level, above which it could rise towards the $0.388 level.
Other altcoins market today
A few altcoins are slowly moving higher, including RVN, TWT, HBAR, APE, XEC, FTT, MATIC, LTC, NEXO, and HOT. Out of these, TWT is gaining pace above the USD 1.08 level.
To sum up, bitcoin price is moving higher above $22,500. It seems like BTC might soon test the $23,200 and $23,500 resistance levels.