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Bitcoin and Ethereum lead the way as crypto regains lost ground 

After extending losses and trading below the USD 19,200 level yesterday, bitcoin price remained supported near the USD 19,000 level and managed to regain control of the USD 20,000 level. It is currently trading near USD 20,200 (04:17 UTC), up nearly 4% in a day and still down less than 2% in a week. Similarly, the majority of major altcoins are rising in value. ETH traded above the USD 1,080 resistance level and tested the USD 1,120 level. XRP is still trading near USD 0.32.

Bitcoin price extended its losses after falling below USD 19,500. A base was formed near USD 19,000, and the price began to recover. BTC has even surpassed USD 20,000 and now faces a major barrier at USD 20,500. The next significant resistance level could be USD 21,200. 

RELATED: BITCOIN AND ETHEREUM MAINTAINS GAINS, ALTCOINS SPEEDS UP

On the downside, an initial support level is near USD 20,000. The next major support level is near USD 19,500, below which the price may resume its decline.

Before a recovery wave, the Ethereum price traded close to the USD 1,000 support. ETH even broke the USD 1,100 barrier and is now facing resistance at USD 1,120. The price is up more than 5% in a single day and down 6% in a week. The price could test USD 1,200 if it breaks through the next major resistance at USD 1,150.On the downside, the price might find support near USD 1,050. The next major support is near USD 1,000, below which the price could visit the USD 950 support zone.

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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