Bitcoin price gained momentum after it broke the USD 57,500 resistance level. BTC even cleared USD 58,000 and it is currently (12:00 PM UTC) trading above USD 58,250. It seems like the bulls are aiming for a test of the main USD 60,000 resistance in the next few sessions.
Similarly, most major altcoins are gaining bullish momentum. ETH is now trading above USD 2,050 and it might rally further above USD 2,120. XRP/USD settled above USD 1.00 and it could extend gains towards USD 1.080.
Total market capitalization
There was a decent upward move in bitcoin price above the USD 57,500 resistance. BTC even cleared the USD 58,250 and USD 58,500 resistance levels. It is now showing positive signs and it could continue to rise towards the USD 59,500 resistance. The main resistance for the bulls is still near the USD 60,000 level.
On the downside, the previous resistance near USD 58,000 might act as a support. The next major support for the bulls is near the USD 57,500 level.
Ethereum price settled above the USD 2,050 resistance zone. ETH might continue higher above the USD 2,100 and USD 2,120 levels. The next major stop for the bulls could be near the USD 2,180 level or even USD 2,200.
If there is a downside correction, the USD 2,050 level might provide support. The next key support is near the USD 2,000 level.
BNB, ADA, litecoin, and XRP price
Binance Coin (BNB) is accelerating gains above the USD 415 and USD 425 resistance levels. BNB even traded to a new all-time high above USD 430. It seems like the bulls are in control and they are aiming for a test of the USD 450 level in the near term.
Cardano (ADA) is trading above the USD 1.200 level and it is attempting a break above the USD 1.220 level. If there is a close above USD 1.220 and USD 1.232, the price could possibly rise towards the USD 1.300 resistance. On the downside, the USD 1.165 level is a major support.
Litecoin (LTC) is now trading above the USD 225 resistance and it is gaining pace. LTC is showing positive signs and it could revisit the USD 245 resistance zone. Any more gains might open the doors for a move towards the USD 265 level.
XRP price settled above the USD 0.98 and USD 1.00 resistance levels. The price seems to be preparing for the next move and it might rise again towards the 1.080 level. On the downside, the USD 1.00 and USD 0.98 levels are major support zones.
Other altcoins market today
Many altcoins gained over 10%, including WAVES, KCS, ENJ, RUNE, BTG, HBAR, ONT, FIL, MANA, STX, ZRX, VET, and ZEC. Out of these, WAVES rallied above the USD 17.50 level.
To sum up, bitcoin price is rising steadily and it is now trading above USD 58,000. It seems like BTC might soon attempt an upside break above USD 59,500 and USD 60,000.