Bitcoin and Ethereum Fail Near Breakout Zone, Altcoins Climb Higher


Bitcoin’s price tried to close above USD 35,000 but failed to go higher.
Ethereum spiked to USD 2,350, but it corrected lower. XRP trades below USD 0.70.
KCS has gains exceeding USD 11, SNX has exceeded USD 12.
The Bitcoin price saw a new increase above the USD 34,500 and USD 34,000 resistance levels. BTC spiked to USD 35,000 but failed to go higher. It is trading at USD 34,000 as of 12:12 UTC. However, it must settle above USD 35,000 to continue its upside.

Positive signs are also being seen in most altcoins. ETH rose above USD 2,300 but faced strong resistance at USD 2,350. XRP remains stable at USD 0.65 but could encounter hurdles as close to USD 0.70.

Bitcoin price

After having formed a base of USD 33,200, Bitcoin price began a new increase. BTC broke through the USD 34,000. Resistance and even soared to USD 35,000. The price did not stay above USD 35,000, and it corrected lower. Before returning to USD 34,000, the price fluctuated below USD 34,000
The USD 33,500 level is the initial support for the downside. The USD 33,200 level is the main support. Below that, the price could reach USD 32,200.

Ethereum price

Ethereum price also followed a similar trend and climbed above USD 2,300. ETH reached the USD 2,350 level, where it was met by sellers. The price fell below USD 2,300 in a bearish response. However, it recovered some losses.

The USD 2,250 level is being protected by the bulls. Key support is located near USD 2,200. Below that level, there is a possibility of a bigger decline.

BNB, LTC and DOGE prices.

Binance Coin jumped above USD 312 and tested USD 320. BNB is showing positive signs, and it looks like the bulls might soon try to move above USD 325. The price could fall below USD 300, and may even touch the USD 280 mark.

Litecoin is consolidating close to the USD 135 mark. LTC could drop towards USD 125 if it breaks the USD 135 threshold. The USD 142 level, which is an immediate resistance, could be a positive. If it breaks, the price may rise to the USD 150 level.

Dogecoin (DOGE) is struggling to recover. It might slow down towards USD 0.2212. The USD 0.200 level is the next support. A break above USD 0.250 would be a prerequisite for an even stronger upward movement.

The XRP Price is consolidating above and beyond the USD 0.650 Support Zone. If XRP breaches the USD 0.650 support it could plunge towards USD 0.62, or even USD 0.60. The USD 0.70 level remains a significant breakout zone.

Altcoins are also available today

Altcoins rose above 5% in many cases, including KCS and SNX. KCS is the most positive among these altcoins, rising above USD 10.

Bitcoin price is trading above the USD 33,000. Support zone. To see a steady rise in the next sessions, BTC must reach USD 35,000.

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