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Bitcoin price settled above the USD 20,500 pivot level and broke through the USD 21,000 barrier. It is currently trading near USD 21,300 (04:09 UTC), almost unchanged in a day, and up 2% in a week.
Similarly, the majority of major altcoins are showing promising signs. ETH gained momentum and even surpassed the USD 1,400 mark. XRP is aiming for a rise towards the USD 0.40 resistance level. Meanwhile, ADA is consolidating above the USD 0.45 resistance level.
Bitcoin’s price began to rise steadily after establishing a base above USD 20,500. It is now showing promising signs near USD 21,300, with an immediate resistance near USD 21,500.
The next major resistance level could be USD 22,000, above which the price could begin to rise.On the downside, an initial support level is near USD 20,800. The next major support is near USD 20,500, below which the price may return to USD 20,000.
With a strong move above the USD 1,250 resistance, Ethereum price outperformed bitcoin. ETH even spiked just above USD 1,400 and is now up nearly 4% in a day and 20% in a week. The price could test USD 1,500 if it breaks through the next major resistance at USD 1,480.On the downside, support could be found near USD 1,350. The next major support is near USD 1,320, below which the price may test the USD 1,250 level.