Bitcoin And Altcoins Positioning To Resume Uptrend


Bitcoin price has found support above USD 6,750 after a brief downturn. BTC/USD has been consolidating in a range of USD 6,800. It seems that the bulls are now preparing to move upward towards USD 7,050 or USD 7,200 resistance levels. The ETH/USD exchange rate is currently up by around 2%. It might reach the USD 178 or USD 180 levels. Bullish signs are also being seen in XRP/USD. It might attempt to exceed USD 0.190 or USD 0.192.

Total market capitalization

Bitcoin price

Bitcoin price has formed a support level above USD 6,800 in the last few hours (08.30 UTC). BTC/USD is steadily rising and could soon test USD 7,000 or USD 7,050 resistance levels. Bulls face a major obstacle near USD 7,200, which could lead to a rally.
A rejection at the USD 7,000 resistance zone could lead to a move towards USD 6,800. A move towards USD 6,650, or USD 6,550 could be possible if there are further losses.

Ethereum price

The Ethereum price is showing positive signals above USD 170 and is steadily rising. The ETH/USD exchange rate is currently trading at USD 175, and is up by around 2%. The bulls appear to be targeting the USD 178-USD 180 levels in the near future.
The price will likely fall if they don’t extend the current wave beyond USD 178 and USD 180. Nearly USD 170 is the main support and USD 168 are the main threats to the downside.

Bitcoin cash, litecoin, and XRP price

Bitcoin cash is now above USD 220 and could approach the USD 230 resistance zone. If the USD 230 barrier is broken, the price could rise towards USD 245 or USD 250. There is also the possibility of a fall towards USD 212.
Litecoin has managed to remain above the USD 40.00 mark and is currently moving towards the USD 41.20 resistance. The USD 42.50 level is the first resistance. If the price breaks that level, it could surge to the USD 44.50 mark. The USD 40.00 level remains the key support.
The XRP price was well above USD 0.180 and is currently moving towards USD 0.186 and USD 0.188. If bulls gain momentum they may attempt to push the price higher than the USD 0.192 resistance. If they fail, the price will likely fall towards USD 0.178 and USD 0.175.

Altcoins are also available today

Several small-capitalization altcoins have gained more than 5% in the last two sessions. These include OKB, ZEN and DGB, LEND, XZC and SNT. BCN, LUNA and MAID are also showing bearish signs.

Bitcoin has shown some positive signs since the USD 6,800 mark. BTC/USD needs to surpass the USD 7,050 or USD 7,200 resistance levels in order for the upside to continue. It could continue its slide towards USD 6,550 if it does not.

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