Bitcoin Tests USD 47K, Ethereum Reaches USD 3.3K, Altcoins Gain Momentum

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  • Bitcoin price gained pace above the USD 46,200 resistance zone.
  • Ethereum surpassed USD 3,300, XRP broke the USD 0.85 resistance.
  • FIL rallied more than 27%.

Bitcoin price started a fresh increase above the USD 45,500 resistance zone and even briefly surpassed the USD 47,000 level. It is currently (04:00 UTC) consolidating gains near USD 46,900 and eyeing an upside break above USD 47,500.

Similarly, most major altcoins are gaining bullish momentum. ETH was able to clear the USD 3,300 resistance zone. XRP settled above the USD 0.85 resistance. ADA might soon test the USD 1.20 resistance.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a close above USD 44,000, bitcoin price started a fresh increase and is now up 5% in a day. BTC surpassed the USD 45,500 resistance level to move into a positive zone. It even climbed above the USD 46,200 level and tested the USD 47,500 resistance zone. If the bulls remain in action, the price might even surpass USD 48,000. The next major resistance is near the USD 48,800 level, above which the price could even attempt a move to USD 50,000.

If there is a downside correction, the price might find support near the USD 46,500 level. The next major support is near USD 46,200, below which the price might test USD 45,500.

Ethereum price

Ethereum price also gained pace above the USD 3,200 resistance and also jumped 5% in a day. ETH surpassed the USD 3,250 and USD 3,300 levels. It is now consolidating near the USD 3,300 level. The next key resistance might be near the USD 3,350 level, above which the price could rise to USD 3,420.

On the downside, the price might find support near the USD 3,280 level. The next major support is near the USD 3,200 level, below which the price might test the USD 3,150 support zone.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) gained pace above the USD 1.15 resistance zone. It even climbed above the USD 1.165 and is still rising. The main barrier is near USD 1.20, above which the price might gain bullish momentum.

BNB is up almost 4% and there was a clear move above the USD 425 resistance. The bulls are now aiming for a move above the USD 435 level. The next major hurdle on the upside is near the USD 450 level.

Solana (SOL) is up almost 5% and the bulls were able to push the price above USD 105. The next key resistance is near the USD 112 level, above which it could rise towards USD 120.

DOGE started a strong increase above the USD 0.142 resistance. The price even spiked above the USD 0.148 level. If the bulls push the price above USD 0.150, DOGE could accelerate further.

XRP price was able to clear the USD 0.85 resistance and it could soon test the USD 0.88 resistance. The next major resistance is near the USD 0.90 level, above which the price might rally to USD 1.0.

Other altcoins market today

Many altcoins are up over 5%, including AVAX, DOT, SHIB, MATIC, CRO, ATOM, UNI, XLM, VET, ICP, FIL, and APE. Out of these, FIL gained over 27% and cleared the USD 24 level, increasing its weekly gains to 40%.

Overall, bitcoin price is trading in a positive zone above the USD 46,500 level. BTC could rise further above the USD 47,500 and USD 48,000 resistance levels in the near term.

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