Bitcoin and Ethereum Correct Gains, COMP Rallies
Bitcoin price remained well bid above the USD 33,500 level. BTC even surpassed USD 34,000 and it spiked above USD 35,000. It is currently (12:45 PM UTC) consolidating gains and it might make another attempt to settle above USD 35,000.
Similarly, most major altcoins are showing positive signs. ETH gained pace above USD 2,000 and it even tested USD 2,080. XRP/USD is struggling to clear the key USD 0.65 resistance zone.
Total market capitalization
After a close above USD 33,500, bitcoin price extended its increase above the USD 34,500 level. BTC even spiked above USD 35,000, but it failed to continue higher. The price is trimming gains and trading below USD 34,500. The first major support is now forming near the USD 33,500 level, below which the price could test USD 32,200. On the upside, the main hurdle is still near USD 35,000. A daily close above USD 35,000 could start a stronger increase in the near term.
Ethereum price gained pace for a clear break above the USD 2,000 resistance. ETH even broke the USD 2,050 barrier and tested USD 2,080. It is now correcting gains and trading near USD 2,000. The first major support is now forming near the USD 1,920 level, below which ether could test USD 1,850. An initial resistance on the upside is near USD 2,050. The next major resistance for a larger increase is now near USD 2,120.
BNB, LTC, DOGE, and XRP price
Binance Coin (BNB) is rising steadily and it recently tested USD 295. The main breakout zone is still near USD 300. A close above USD 300 could set the pace for a larger increase. If not, the price could correct lower to test USD 265. The main support is near the USD 250 level.Litecoin (LTC) is consolidating above the USD 130 level. The first key resistance is near USD 135, above which the price could rise towards the USD 150 level. If not, the price could dip and revisit USD 120. The main support on the downside is near the USD 105 level.Dogecoin (DOGE) is moving higher and it might soon clear the USD 0.265 resistance. The next key resistance is near USD 0.280. A follow up move above USD 0.280 could set the pace for a test of the USD 0.300 resistance.XRP price is struggling to clear the USD 0.650 resistance zone. If the bulls succeed, the price could rise towards the USD 0.700 level. On the downside, the bulls might remain active near the USD 0.620 and USD 0.600 levels.
Other altcoins market today
Many altcoins climbed over 8%, including ICP, XDC, KSM, RUNE, SC, COMP, CEL, FTM, NEXO, DCR, ZRX, STX, and ZIL. Out of these, ICP struggled to clear USD 50, but it is still up over 11%.
To sum up, bitcoin price failed again to clear the USD 35,000 resistance. However, BTC is still showing positive signs and it could continue higher as long as it is above USD 32,200 in the near term. _____