[ad_1]
Bitcoin’s price extended its rise above the USD 17,500 and USD 18,000 resistance levels. BTC even broke USD 18,200 and traded close to USD 18,500. The price is currently correcting the gains (05:00 UTC), with many bearish supports, starting at USD 17,650 and USD 17,500.
Additionally, there have been positive moves in most major altcoins, including ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash, and ADA. ETH / USD rose above the USD 480 and USD 490 resistance levels. XRP / USD has traded above USD 0.300 and is showing many positive signs.
Total market capitalization
Bitcoin price
After a close above the USD 17,500 level, the bitcoin price jumped more than 10%. BTC has overcome many hurdles near USD 17,800 and USD 18,000. The price even climbed towards the USD 18,500 level before correcting to the downside. Initial support is near the USD 17,650 level. The first major supports appear to be forming near the USD 17,500 level. The next key support is at USD 17,350.
On the positive side, the USD 18,000 level is a key hurdle. A clear break above USD 18,000 could perhaps open the door for a push towards the USD 18,500 and USD 18,800 levels in the near term.
Ethereum price
Ethereum’s price also followed a bitcoin-like bullish path and broke through the USD 485 resistance. ETH even broke the USD 490 level and traded near the USD 495 resistance. It appears that the bulls are aiming for a test of the USD 500 level in the short term,
On the downside, the USD 480 level is initial support for the bulls. The first key support is now forming near the USD 470 level.
Bitcoin cash, litecoin and XRP price
The cash price of bitcoin is showing positive signs above USD 250 and may continue to rise towards the USD 255 and USD 260 levels. Any additional benefits could drive the BCH price towards the USD 280 level. If there is a downside break below the USD 250 support, the price may drop towards the USD 235 support.
Litecoin (LTC) traded above the USD 70.00 level after a strong rally. The LTC price is now consolidating gains above the USD 70.00 level and could resume its upward movement towards the USD 75.00 and USD 78.00 levels. On the downside, there is strong support forming near the USD 70.00 level.
The XRP price remained above the USD 0.298 and USD 0.300 support levels. On the upside, the bulls are facing hurdles near USD 0.305. A clear break above the USD 0.305 level could drive the price towards the USD 0.312 level. Conversely, a close below the USD 0.298 support level may require a test of the USD 0.292 level.
More altcoin markets today
In the past few hours, many altcoins have risen by more than 10%, including BCD, BTG, DGB, SNT, YFI, NEXO, RSR, HEDG, BAND, SNX and NXM.
Overall, the bitcoin price is gaining bullish momentum above USD 17,500 and USD 18,000. There have been a couple of tough bearish waves from USD 18,500, but dips may remain attractive in the coming sessions.
_____
Find the best price to buy / sell cryptocurrency:
