Bitcoin prices get a strong hike above the USD 20,500 resistance. BTC even spiked above USD 22,000 and is currently (04:00 UTC) modifying lower. The bulls are now expected to remain active near the USD 21,200 zone.
Correspondingly, most major altcoins started a steady increase. ETH was able to clear the USD 1,700 resistance and tested USD 1,780.
XRP is showing positive signs above the USD 0.35 resistance. ADA is merging above the USD 0.50 resistance.
After a close above the USD 21,000 level, bitcoin price expanded bullish momentum. BTC was able to clear the USD 21,200 and USD 21,500 resistance levels. It even pointed above USD 22,000 before the bears appeared near USD 22,250. The price is now correcting gains below the USD 22,000 level.
On the shortcoming, an initial support is near the USD 21,500 level. The next key
support is near the USD 21,200 zone, below which the price could test USD 20,500.
On the positive aspect, the price might struggle near USD 22,000. The next major resistance is now near the USD 22,250 level, above which it could rise towards USD 23,200.
Ethereum price started a decent increase and settled above the USD 1,700 level. ETH also traded close to the USD 1,790 level before there was a downside correction. On the downside, initial support is now near the USD 1,720 level. The next major support is USD 1,680, below which the price could revisit USD 1,650.
If there is another increase, the price might test USD 1,780. The next major resistance is near USD 1,800, above which the price may perhaps test USD 1,880.
Cardano (ADA) clears the USD 0.50 resistance. The price is now merging above USD 0.50 and might rise towards USD 0.52. Further gains might set the stage for a greater increase.
BNB is increasing and trading above the USD 292 resistance zone. It appears to be facing a strong resistance near USD 298 and USD 300, above which it could assemble.
Solana (SOL) stable above the USD 35.00 resistance. If the bulls remain in action, the price might shortly test the USD 36.50 resistance zone.
DOGE is gaining pace above the USD 0.062 resistance. The next major resistance sits near the USD 0.0650 level, above which the price may possibly rise steadily towards the USD 0.0688 resistance zone.
XRP price mounted higher and broke the USD 0.35 level. It is now merging and seems like the bulls might aim a move towards the USD 0.40 level in the near term.
The good news is, bitcoin price is showing positive signs above USD 21,500. If the bulls remain in action, BTC could soon test the USD 22,500 resistance or even USD 23,200.
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