Bitcoin price started a strong increase and cleared the USD 40,000 resistance. BTC even surpassed the USD 42,000 resistance. It is currently (04:21 UTC) showing positive signs and is trading above USD 42,800 after increasing 3% in a day and 13% in a week.
Similarly, most major altcoins are rising steadily. ETH was able to settle above the USD 3,000 resistance level. XRP climbed above the USD 0.70 resistance level. ADA is trading above the USD 0.150 pivot level.
After forming a base, bitcoin price was able to climb above the USD 40,000 resistance. BTC bulls took control and pushed the price above USD 41,500. The price even spiked above USD 42,500. The next major resistance is near the USD 43,000 level, above which the price could accelerate higher towards the USD 44,500 level.
On the downside, an immediate support is near the USD 42,000 level. The main weekly support is now forming near the USD 40,000 level, below which the price could start another decline.
Ethereum price followed a bullish path above the USD 2,880 resistance level. ETH climbed above the USD 3,000 barrier and accelerated higher, increasing 2% in a day and almost 18% in a week. It is now facing resistance near the USD 3,080 level. The next key resistance is near USD 3,120, above which the bulls might move towards the USD 3,350 level. initial support is near the USD 3,000 level. The next major support is near USD 2,880, under which the price may perhaps drop to USD 2,600.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) was able to surpass the key USD 1.150 resistance zone. It seems like the price could even rise to USD 1.188. Any more gains might send the price towards the USD 1.20 resistance zone.
Binance coin (BNB) surpassed the main USD 400 resistance level. It is now consolidating above the USD 420 level. If the bulls remain in action, the price could rise towards the USD 445 and USD 450 resistance levels.
Solana (SOL) climbed above the USD 112 resistance level and is nearing the USD 120 level. If there is an upside break above USD 120, the price could rise towards the USD 125 and USD 132 levels.
DOGE is gaining momentum above the USD 0.155 resistance level, gaining 7% in a day and 13% in a week. The next key resistance is near the USD 0.162 level. If there is a downside correction, the price might find support near the USD 0.150 level.
XRP price is up 8% in a day and there was a clear move above the USD 0.70 level. The next major resistance is near USD 0.750, above which the price may perhaps accelerate to USD 0.80.
Other altcoins market today
Many altcoins are up over 5%, including SHIB, MANA, LEO, AXS, THETA, ONE, FLOW, GRT, KSM, LRC, CHZ, and TFUEL. Out of these, SHIB rallied 25% and surpassed the USD 0.000028 level, increasing almost 34% in a week.
Overall, bitcoin price is gaining bullish momentum above the USD 42,500 level. If the bulls remain in action, BTC could rise towards the USD 45,000 level.