Bitcoin price extended its rise above the USD 58,000 and USD 58,500 resistance levels. BTC even broke USD 59,000 and it is currently (04:30 UTC) consolidating gains. It seems like the bulls are now eyeing a fresh test of the key USD 60,000 resistance.
Besides, most major altcoins are showing bullish signs. ETH traded to a new all-time high at USD 2,150 and it might continue higher. Also, XRP/USD surged significantly and it even traded close to the USD 0.950 level.
Total market capitalization
After forming a base above USD 57,500, bitcoin price started a fresh increase. BTC broke the USD 58,000 and USD 58,500 resistance levels. It even traded close to USD 59,500 before correcting lower. The price is now trading above the USD 58,000 support zone.
As long as there is no clear break below the USD 58,000 support, the bulls might test the USD 60,000 level. Any more gains could open the doors for a new all-time high above USD 62,000.
Ethereum price remains attractive and it extended its rise to USD 2,150. ETH is now consolidating gains above USD 2,100 and it seems like the bulls could aim for more gains above USD 2,200.
On the downside, the USD 2,075 and USD 2,050 levels are initial buy zones. The next major support could be near the USD 2,000 level.
BNB, ADA, litecoin, and XRP price
Binance Coin (BNB) is gaining pace above the USD 350 resistance. BNB is up over 8% and it cleared the USD 370 level. If the bulls remain in action, the price could rise steadily towards the USD 380 and USD 385 levels. The next key barrier sits near the USD 400 level.
Cardano (ADA) is moving higher and it is trading above the USD 1.200 level. It seems like the recent rally in XRP is stopping ADA from clearing the USD 1.220 resistance. A successful break above USD 1.220 might push the price towards the USD 1.285 level.
Litecoin (LTC) is gaining pace and it broke the USD 215 resistance. LTC is approaching the USD 225 resistance. A clear break above USD 225 could possibly call for a test of the USD 245 resistance or even USD 250. On the downside, the USD 200 level is now a major support.
XRP price outperformed bitcoin and it surged over 30%. There was a break above the USD 0.800 and USD 0.900 levels. It traded close to the USD 0.950 level and moved to the 6th spot by market capitalization, pushing ADA lower. The price is now consolidating gains and there might be a downside correction to USD 0.800.
Other altcoins market today
Many altcoins gained over 8%, including STX, BTG, FTM, XTZ, AVAX, XVG, ETC, BCH, NEO, ONT, XLM, QTUM, VET, and FLOW. Out of these, STX rallied over 100% and it even cleared the USD 2.30 level.
Overall, bitcoin price is rising steadily, aiming at the USD 60,000 level. If there is a downside correction, the bulls might remain active near USD 58,000 and USD 57,800.