Bitcoin prices began an upward correction above the USD 36,000 resistance level. BTC even managed to surpass the USD 37,000 mark. At the moment (04:15 UTC), it is showing positive signs close to USD 37.400, but faces a major hurdle near USD 37.500.
Similar to altcoins, major ones are also moving higher. ETH faces resistance at the USD 2,500 mark. XRP trades above the USD 0.62 pivot point. If ADA surpasses USD 1.08, it could gain momentum.
After a wave of recovery above USD 36,000, Bitcoin price was in a position to increase its gains. BTC rose above USD 36,800 levels and USD 37,000 levels. The USD 37,500 mark is the next major resistance. The next major resistance will be near USD 38,000. If the price reaches that level, it could rise to the USD 40,000 threshold.
A support level of USD 36,400 is the initial support. The USD 36,000 level is the next major support. Below that, USD 35,000 could be renegotiated.
Ethereum price has risen above USD 2,450. The USD 2,500 mark is the first resistance. The price could rise if it moves above USD 2,500. The USD 2,620 level is the next major resistance. If the price breaks that, it could push the price towards USD 2,750 in the short term.
The USD 2,400 level is the initial support. Near USD 2,320 is the next major support, below which price could begin a new decline.
ADA, BNB and SOL prices.
Cardano, (ADA) shows a few positive signals above the USD 1.02 or USD 1.04 levels. The USD 1.055 level is the immediate resistance. The bulls could gain strength if they can overcome the first barrier, which is USD 1.08.
Binance coin has risen 4%, with a clear move to the USD 375 mark. It has now reached USD 380, and is facing resistance at USD 388. If it breaks that level, it could reach USD 400.
Solana is showing momentum above the USD90 level. The bulls may be aiming for breaking above the USD 100 resistance. The price could reach USD 112, if they succeed.
DOGE was up over 6%, and there was a break below the USD 0.142 level. The USD 0.150 resistance is approaching. DOGE could see additional gains and accelerate towards USD 0.165 if there are more gains.
XRP price has been moving towards the USD 0.6332 level. The USD 0.650 level is the next resistance. Above that, there may be a steady recovery wave. The USD 0.600 support could be breached if the price does not fall.
Altcoins are also available today
Many altcoins have seen a rise of over 5% including DOT and AVAX, MATIC, CRO. NEAR, FTM MANA, HBAR and VET. MATIC and AVAX grew by around 9% to USD 1.59 and USD 68.59.59, respectively. NEAR gained 12%, while USD 11.7 was moved above.
Bitcoin price is currently trying to rebound above the USD 37.500 resistance zone. BTC could experience a bearish reaction towards USD 35,000 if it fails to pick up speed.