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Bitcoin price gained bullish momentum after breaking the USD 17,800 and USD 18,000 resistance levels. BTC even climbed above the USD 18,250 and USD 18,500 levels. The price is currently (05:00 UTC) consolidating gains, with key hurdles near USD 18,680 and USD 18,800.
Likewise, there has been a steady rise in most major altcoins, including ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash and ADA. ETH / USD performed well and broke the USD 565 and USD 580 resistance levels. XRP / USD is also showing positive signals above the USD 0.600 and USD 0.612 levels.
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Bitcoin price
After forming a support base, the bitcoin price started a new rise above the USD 17,800 and USD 18,000 resistance levels. BTC even gained pace and broke through the USD 18,500 resistance. Immediate resistance is near the USD 18,680 level, above which the bulls could attempt a crucial upside break above the USD 18,800 resistance level. The main weekly resistance is found at USD 19,500.
Initial bearish support is near the USD 18,250 level. The first major support is near the USD 18,000 level, but the main weekly support is now forming near the USD 17,450 level.
Ethereum price
The price of Ethereum remained stable above 500 USD and 520 USD. As a result, ETH started a new rise above the USD 550 and USD 565 resistance levels. The price has even broken above the USD 580 level and may soon attempt to break above USD 600. The main weekly resistance is near USD 620.
In the event of a downward correction, the USD 565 level may provide support. The next major support for the ether is seen near the USD 550 level.
Bitcoin cash, litecoin and XRP price
The cash price of bitcoin has risen by 6% and is now trading above the USD 280 resistance. BCH is trading just above USD 290, with a key hurdle near the USD 300 level. A successful break above the USD 300 level could drive the price towards the USD 330 level. On the downside, the USD 280 and USD 265 levels are important supports.
Litecoin (LTC) is gaining bullish momentum and is trading well above USD 75.00. The price has risen 8% and is approaching the USD 80.00 resistance levels. To continue rising, the price must break above the USD 80.00 and USD 80.80 levels. The next key resistance is near the USD 85.50 level.
The XRP price broke the USD 0.598 and USD 0.600 resistance levels to return to a positive zone. The price is now trading above USD 0.620 and is facing hurdles near USD 0.635. The first key resistance is near the USD 0.655 level, above which the bulls may aim for a test of the USD 0.700 level. The main weekly support is now forming near the USD 0.550 level.
More altcoin markets today
Some altcoins gained over 10%, including AAVE, SNX, KSM, AMPL, SUSHI, YFI, and DCR. Of these, AAVE rallied nearly 20% and broke the USD 75.00 resistance.
Overall, the bitcoin price has returned to a positive zone above USD 18,000 and USD 18,250. To continue rising, it must gain strength above USD 18,800. If not, there is a risk of a further drop to USD 17,450 in the near term.
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