Bitcoin and Ethereum are gaining momentum, the market is turning green
- The Bitcoin price surpassed the $ 20,500 resistance.
- Ethereum rose 13%, XRP is up over 7%.
- SOL and UNI are up over 12%.
The Bitcoin price was decided above the pivot level of USD 20,000. BTC gained momentum on a move above the resistance zone of USD 20,500. It is currently (11:26 UTC) up 5.7% and may rise further above the resistance of USD 21,200 .
In the same way, most large altcoins gain bullish momentum. ETH increased 13% and managed the USD 1200 level. XRP aims for a pull over the resistance zone of USD 0.35. The ADA can aim for a rally if there is a movement above the resistance zone of USD 0.45.
Total market value
Bitcoin price
After closing above the $ 20,000 pivot level, the price of bitcoin began to rise. BTC was able to clear the resistance zone of USD 20,500. It opened the doors for a move above USD 20,800. Immediate resistance is now close to the USD 21,200 level. The next major resistance may be USD 21,500, above which the price may gain bullish momentum.
On the downside, initial support is close to the $ 20,500 level. The next big support is close to the $ 20,200 zone, below which the price could return to $ 20,000.
Ethereum price
The Ethereum price outperformed the bitcoin and gained a pace above the resistance of USD 1,150. ETH is up 13% and it was a movement above the USD 1200 level. The next big resistance is at USD 1,250, above this the price can aim for a test of USD 1,320.
On the downside, the price may find support close to $ 1,180. The next major support is close to $ 1150, below which the price may visit the $ 1120 support zone.
ADA, BNB, SOL, DOGE and XRP price
Cardano (ADA) shows positive signs above the support zone of USD 0.42. It is now approaching the resistance of USD 0.45. A close above the resistance of USD 0.45 can start a steady increase.
BNB gains a pace above the resistance of USD 235. The price is now approaching the resistance of USD 242, above which the price may rise towards the resistance zone of USD 250.
Solana (SOL) rose above 12% and hit well above the resistance level of USD 35. The next big obstacle is close to USD 38.80, above that it can test the key barrier at USD 40. Any further gains may require a test of USD 42.
DOGE rises steadily above the support level of USD 0.062. It trades above the $ 0.0632 level and may soon test the $ 0.065 resistance zone.
The XRP price rises towards the resistance zone of USD 0.35. If there is a clear move above USD 0.35, the price may accelerate higher. In that case, the price may rise to 0.40 USD.
Other altcoins market today
Many altcoins are currently moving higher, including DOT, TRX, SHIB, MATIC, AVAX, UNI, LTC, FTT, NEAR, ATOM, XMR, ALGO and XTZ. Of these, MATIC rose almost 13% and rose towards the USD 0.70 level.
To sum up, the bitcoin price accelerates higher against the resistance of USD 21,200. If BTC clears USD 21,200, it can rise towards the USD 22,000 level in the short term.
_____
Find the best price to buy / sell cryptocurrency:
