- Bitcoin prices are gaining momentum above US $ 44,000, testing $ 45,000.
- Ethereum is above $ 3,200 and XRP is close to $ 0.90.
- SCRT and SLP surged 12% and 33%, respectively.
Bitcoin prices remained above the $ 43,000 level. BTC has begun a new rise, trading above the $ 44,000 level. It is currently (11:52 UTC) picking up and trading at around US $ 45,000.
Similarly, most major altcoins are gaining bullish momentum. ETH is above $ 3,200 and could rise to $ 3,320. XRP is attempting an upward break above $ 0.90. The pace may increase as the ADA settles above $ 1.20.
After finding bids near US $ 43,000, Bitcoin prices began to rise again. BTC picked up the pace, surpassing the resistance of $ 44,000, surpassing $ 45,200 and then declining. The next big resistance is close to the $ 45,500 level, above which the price can skyrocket to $ 47,000.
On the downside, immediate support is close to the $ 44,200 level. The next major support is close to the $ 44,000 level, below which prices may begin a new downside correction.
Ethereum prices continued to be supported near the $ 3,050 level. ETH has begun a new rise, surpassing US $ 3,200. It exceeds $ 3,250 and can surge to $ 3,320. The next major resistance could be near the USD 3,350 zone.
On the downside, initial support is close to the US $ 3,200 level. The next major support is close to $ 3,120, below which the price may be retested at $ 3,050.
Prices for ADA, BNB, SOL, DOGE, and XRP
Cardano (ADA) has risen and is trading above the $ 1.20 level. A good closing price above this level could push the price up to $ 1.25. Further profits may require testing at the USD 1.30 level.
Binance Coin (BNB) is above the $ 420 level. It has broken above the $ 425 level and is rising towards $ 432. If the Bulls remain active, prices could skyrocket towards $ 445 and $ 450 levels.
Solana (SOL) managed to clear the resistance of US $ 112. It could rise further and test the $ 120 level. If this is not the case, there is a risk of a new fall towards the $ 100 level in the short term.
Doge is attempting an upward break above the USD 0.162 level. The next major resistance is close to the USD0.168 and USD0.175 levels. Without an upward break, the price could be below $ 0.150 support.
The price of XRP is rising and is about to break above the $ 0.90 level. The next major resistance is close to the USD 0.920 level, above which the Bulls may test the USD 1.00 resistance zone.
Other altcoin markets today
Many altcoins such as SHIB, CRO, BCH, ETC, VET, THETA, SLP, SCRT, ONE, FLOW, MKR, NEO have increased by more than 5%. Of these, SCRT surged 12%, testing $ 7.2 and increasing weekly profits to almost 48%. SLP rose 33% to reach US $ 0.03378. It has increased by 261% in a week.
In summary, Bitcoin prices are rising towards $ 45,000 and $ 45,500. If there is an upside-down break, BTC could probably rise towards the USD47,000 level.