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Bitcoin’s price remained well above USD 19,500. BTC has begun another rise above the USD 20,200 level. It is currently trading above USD 20,500 (04:00 UTC) and aiming for an upside break above USD 21,200.
Similarly, the majority of major altcoins are rising in value. ETH gained more than 8% and broke through the USD 1,200 level. XRP is rising toward the USD 0.35 resistance level. If ADA breaks through the USD 0.45 resistance zone, it may accelerate.
Bitcoin price corrected gains after being rejected near USD 20,500. BTC has corrected lower, but dips have been limited to USD 19,500. The price began to rise again and surpassed the USD 20,200 mark.
The bulls even drove the price above USD 20,500. The next major resistance level could be USD 21,200, above which the price could begin to rise. On the downside, an initial support level is near USD 20,200. The next major support is near USD 20,000, below which the price may return to USD 19,500.
The price of Ethereum followed a similar pattern and remained above the USD 1,050 mark. ETH began a new uptrend and surpassed the USD 1,120 resistance level. The price increased by 8% and even broke through the USD 1,200 mark. The next major resistance level is USD 1,250, above which the price may attempt to test USD 1,320.
On the downside, support may be found near USD 1,150. The next major support level is near USD 1,120, below which the price may test the USD 1,050 support level.