The largest cryptocurrency by market capitalization Bitcoin(BTC) started a slow rally above the $47.500 price. Bitcoin even climbed slightly above the price zone at $48.500 and now (14:48 UTC) corrects gains close to $48.000.
Most altcoins in the market are consolidating below major hurdles. Bulls are trying to keep ETH above $3.800 and $3.820. XRP is trying to hold above $0,85 to recoup losses. ADA Cardano is also struggling to break the $1,38 resistance.
In this article, we will discuss:
Bitcoin price
After dropping close to $46.000 this week, the bitcoin price initiated a small bullish correction. BTC rebounded above $48.500 before correcting back lower. A successful close above $48.700 could open the door for a further price increase. The next key resistance could be near the $50.000 level.
Initial negative support is near $47.500. The next big support is near the price zone at $47.000, below which the price may start a further decline.
Ethereum Price
O ethereum price is trying to bounce back and was able to break the resistance level at $3.800 before correcting back down. If there is a clear break of the resistance zone above $3.800, the price may perhaps test the $4.000 resistance zone.
A bearish support is near the $3.720 level. However if the bulls fail the bears may try to push the price back down to $3.700. A break of the $3.700 support could make the ethereum price revisit $3.600.
ADA, BNB, SOL, DOGE and XRP price
Cardano (ADA) is consolidating above the $1,35 level. It is facing resistance near the $1,38 level. A clear bullish break above the $1,38 level may even push the price above the $1,40 level. Otherwise, it could correct the drop towards the $1,32 level.
The coin binance (BNB) is again trying to make an upside break above the $525 resistance. A proper close above $525 could lift market sentiment. In this case, the price may rise to the $540 level in the short term.
Left (LEFT) is consolidating near the $175 level. An immediate resistance is near the $180 level. The main resistance is near the $188 level, above which the price could rise to the $200 level.
DOGE is stuck below the resistance of $0,175. If bulls push the price above $0,175, it could test the $0,180 resistance. On the other hand, there is a risk of a move towards the $0,165 level.
The price XRP is attempting a bullish break above the $0,85 level. If bulls are successful, the price could rise to the $0,92 level. On the other hand, the price may perhaps start a further drop to $0,80.