The price of bitcoin was able to maintain above the key USD 30,000 support level. As a result, BTC has resumed its ascent above the USD 33,500 barrier level. It is currently (04:37 UTC) exhibiting positive indicators above USD 34,000, and a break above USD 35,00 could be on the cards.
Similarly, the majority of big altcoins are constantly increasing in value. ETH has maintained its position above the USD 1,700 support level and is now trading above USD 1,900. The price of XRP/USD could progressively grow to USD 0.70 or possibly USD 0.72.
Bitcoin price
After the bulls successfully defended the USD 30,000 support zone, bitcoin price started a new uptrend above USD 33,500. BTC is trading above USD 34,000, but it is still unable to break through the USD 35,000 resistance. The price is now in the positive zone, and a closing above USD 35,000 might kick off another run.
On the downside, the USD 34,000 level provides initial support. Near the USD 33,500 mark, the first substantial support is forming. USD 30,000 is the key weekly support level.
Ethereum price
The price of Ethereum remained above the USD 1,700 support level. As a result, ETH began a new upward trend above USD 1,900. The price has risen above USD 1,950, but it still has to break through USD 2,000 to see a significant increase. The crucial weekly resistance level is at USD 2,050. If the market falls further, bids could be found near USD 1,900. The first important support is currently building near USD 1,850, below which ETH may return to USD 1,700.
BNB, LTC, DOGE, and XRP price
Binance Coin (BNB) is maintaining its advances above USD 280. Near the USD 300 mark, there is instant resistance. A close above USD 300 might pave the way for a push towards USD 325. If not, a dip into the USD 265 support zone is possible.
The price of Litecoin (LTC) has risen above the USD 125 mark. If LTC maintains its momentum and breaks above USD 135, it may ascend to USD 150. On the other hand, it may fall to USD 112. On the downside, the primary weekly support is near the USD 105 level.
Dogecoin (DOGE) is now consolidating near USD 0.250. Near the USD 0.265 level, there is some initial resistance. The first big barrier is near USD 0.280, and a break of that level might lead to a test of USD 0.300.
The price of XRP has risen above USD 0.600. The price has risen above USD 0.620 and may continue to rise above USD 0.650. On the upside, the next major resistance is near USD 0.700. Bulls may remain active near the USD 0.600 mark on the downside.
Other altcoins market today
ICP, XDC, CEL, SC, ONE, COMP, KCS, FTM, FTT, RUNE, and ZRX are among the cryptocurrencies that have gained more than 5%. ICP, for example, has rebounded nearly 50% since a dramatic fall last week and could perhaps go beyond USD 50. In less than a week, the price has dropped by nearly 5%.
Overall, the bitcoin price is trending upwards, hovering between USD 33,500 and USD 34,000. The bulls could seize control of BTC in the short term if it settles above USD 35,000.
