Bitcoin price is battling to gather momentum over the USD 40,000 region.
Ethereum is hitting resistance at USD 2,600, while XRP could run into sellers under USD 0.90.
KLAY is up over 14%, and AMP has extended its rise above USD 0.085.
Near the USD 41,100 level, bitcoin price created a short-term top. BTC has since corrected lower, falling below USD 40,000. It is currently trading well above the USD 38,500 support (12:14 PM UTC), but a sustained move higher will require it to generate momentum above USD 40,000.
Aside from that, the majority of important cryptocurrencies are suffering serious challenges. Above the USD 2,600 resistance, ETH is battling to establish positive momentum. XRP/USD may return to USD 0.90, where sellers may emerge.
Bitcoin’s value
The bitcoin price battled near USD 41,100 after a follow-up surge above USD 40,000. BTC began a slight adjustment to the downside, trading below USD 40,500. A fall below USD 40,000 occurred as well, although the market remained solidly bid over USD 39,200. On the downside, the next key support is near USD 38,500. On the upside, bulls must overcome resistance at USD 40,800 and USD 41,000. If the price closes above USD 41,000, it could rise to USD 42,000 or perhaps USD 43,500.
The cost of Ethereum
The price of Ethereum is also seeing major resistance near USD 2,600. The USD 2,650 level is the next major resistance level. If the price breaks through USD 2,650, it may rise to USD 2,800.
If this does not happen, the price may go below the USD 2,550 support level. The bulls may take a hard stance near the USD 2,500 level, which is the next key support level.
BNB, LTC, DOGE, and XRP price
Binance Coin (BNB) gained pace above the USD 365 level, but it is now facing resistance near the USD 380 level. If there is a clear break above USD 380, the price could revisit the USD 400 level. Conversely, there is a risk of a drop towards the USD 350 support zone.
Litecoin (LTC) is trading well above the USD 172 resistance. LTC is now facing hurdles near the USD 180 resistance. If there is a break above USD LTC is currently confronted with resistance near the USD 180 level. The price could increase towards the USD 200 resistance level if the price breaks over USD 180. On the downside, a key support zone is building near USD 150.
Dogecoin (DOGE) may attempt to break through the USD 0.335 barrier level once more. If it is successful, the price may advance to the USD 0.350 barrier level. Bulls may be aggressive at the USD 0.305 and USD 0.300 support levels on the downside.
The price of XRP is steadily rising, and it is now trading near USD 0.880. Near the USD 0.90 mark, the bulls face a major roadblock. A decisive breach above USD 0.90 might send the market rocketing towards USD 0.950. If that doesn’t happen, it could fall back to USD 0.850.
Today’s market for other altcoins
AMP, KLAY, RUNE, MATIC, DOT, SNX, LINK, SOL, LUNA, BAT, and UMA are among the cryptocurrencies that have gained more than 8%. AMP was the most successful, rallying over 36% and breaking the USD 0.085 mark.
To summarize, the bitcoin price is currently trading above USD 40,000 in a positive zone. If BTC maintains its stability above USD 38,500, it could rise to USD 42,000 or USD 43,500.
