Bitcoin worth remained properly bid above the USD 50,500 help zone. BTC is rising and it’s at the moment (13:00 UTC) buying and selling above USD 52,000. It looks as if the worth may proceed greater above USD 53,000 within the close to time period.
Moreover, most main altcoins are gaining bullish momentum. ETH is buying and selling above USD 1,900 and it would clear the USD 1,950 resistance. XRP/USD broke the USD 0.550 resistance and it would proceed greater in the direction of USD 0.585 and USD 0.600.
Whole market capitalization
There was no main decline in bitcoin price under USD 51,000. BTC recovered losses and it climbed again above USD 52,000. It even traded to a brand new all-time excessive. Nevertheless, whereas some information aggregators declare that the worth virtually touched USD 53,000, others registered a quick spike above this degree. In both case, the present worth motion is optimistic and it looks as if the worth may proceed to rise above USD 53,000.
On the draw back, an preliminary help is close to the USD 52,200 degree. The subsequent key help is close to the USD 51,500 degree. Any extra losses could probably lead the worth in the direction of the USD 51,000 degree.
Ethereum price consolidated above the USD 1,900 degree. ETH began a contemporary enhance and it’s now buying and selling above USD 1,925. The subsequent key resistance is close to the USD 1,950 degree. A transparent break above USD 1,950 could probably open the doorways for a push in the direction of the USD 2,000 degree.
On the draw back, the USD 1,900 may proceed to behave as a powerful help. Any extra losses may name for a drop in the direction of the USD 1,880 degree.
BNB, litecoin and XRP worth
Binance Coin (BNB) surged above the USD 250 degree and traded to a brand new all-time excessive close to the USD 285 degree. BNB is at the moment consolidating good points, with a right away help at USD 250. A draw back break under USD 250 may lead the worth in the direction of the USD 232 and USD 230 help ranges. On the upside, the bulls may probably intention for a take a look at of USD 300, if there’s a break above USD 285.
Litecoin (LTC) is up 3% and it’s buying and selling above USD 230. The present construction suggests extra upsides above the USD 240 degree. The principle resistance remains to be close to USD 250, above which the worth may speed up greater in the direction of the USD 265 and USD 272 ranges. On the draw back, the USD 222 degree is a good help.
XRP price rallied over 7% and it broke the USD 0.550 resistance degree. The worth is now approaching the USD 0.585 resistance degree. A transparent break above the USD 0.585 degree may open the doorways for a transfer above the USD 0.600 degree.
Different altcoins market at this time
Many altcoins climbed over 15%, together with GLM, DODO, CAKE, RVN, XVS, OKB, HT, SOL, ICX, STX, CRO, FTT, DASH, MOTA, XEM, TRX, and VGX. Out of those, GLM rallied over 100% and it cleared the USD 0.50 degree.
To sum up, bitcoin is rising steadily above USD 52,000. If BTC climbs above USD 53,000, there are possibilities of extra upsides in the direction of the USD 55,000 degree.