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Bitcoin price gained ground and remained well supported above USD 18,000. BTC rose in the direction of USD 18,800 before the consolidation of beneficial properties. The price is currently (05:00 UTC) buying and selling well above USD 18,000, however it should reach momentum above USD 18,500 for a contemporary rally presumably to USD 19,200.
Additionally, there have been solid bullish strikes in most major altcoins, along with ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash, and ADA. ETH / USD rose above the USD 550 and USD 565 resistance ranges. XRP / USD has rallied over 35% so far two days and even broke the USD 0.450 resistance phase.
Full market capitalization
Lately, the bitcoin price has corrected the decrease from the USD 18,800 resistance zone. However, BTC remained well supported near the zero phase of USD 18.00. The following weekly major assist appears to be forming near the USD 17,500 phase. Any additional losses could trigger a medium term withdrawal correction.
On the upside, the price is facing only a few major hurdles, starting at USD 18,650. The main main resistance is near USD 18,750, adopted by USD 18,800. A transparent break above the weekly resistance of USD 18,800 could presumably open the door to a push towards USD 19,200 and even USD 19,500.
The price of Ethereum broke the $ 500 barrier and started a powerful surge. ETH broke the USD 550 and USD 565 resistance ranges to further maneuver into an uptrend. It has reviewed the USD 585 stage and is currently consolidating the beneficial properties.
In case of withdrawal, the USD 575 and USD 565 ranges are top tier. Any additional losses could presumably drive the price back in the direction of the USD 550 assistance zone. On the upside, the price could rise above USD 600.
Bitcoin cash, litecoin and XRP price
The cash price of bitcoin rose steadily and broke the USD 275 and USD 285 resistance ranges. BCH is buying and selling above USD 290 and it appears that the bulls are aiming for a break to the upside above the USD 298 and USD 300 ranges within the next time frame. If there is a correction of the downside, the price may find help near USD 285.
Litecoin (LTC) has stabilized above the USD 80.00 level and is slowly gaining pace. LTC is buying and selling above the USD 85.00 level, with an instant resistance at USD 88.00. A transparent break above the USD 88.00 and USD 90.00 ranges could open the door for a check of the all-important USD 100.00 barrier.
The price of XRP has outperformed Ethereum and bitcoin so far for two days, as it has risen by more than 35%. The price broke the USD 0.350 and USD 0.400 resistance ranges. It even broke the USD 0.450 stage and it looks like the current wave is over. The following major resistance is located near the USD 0.500 level.
Different altcoin market at the moment
Before a few hours, only a few altcoins gained more than 8%, along with WAVES, NMR, ADA, YFI, (BA) L, REN, VET, CEL, CELO and MIOTA. Of these, WAVES grew by more than 30% and surpassed the USD 7.80 level.
In general, the price of bitcoin is showing constructive indicators above the zero assistance phase of USD 18.00. If BTC continues to seek assistance, there is a chance of a break above the USD 18,800 and USD 19.00 Zero ranges.
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