Bitcoin’s price is still rising, having recently surpassed the USD 54,000 resistance. BTC has tagged the USD 54,500 level, and the bulls appear to be heading for USD 55,000. With a major support near USD 52,000, the current price action is positive.
Similarly, most major altcoins are indicating that more gains are possible. The bulls were active above the USD 1,800 level, as ETH corrected a few points.
The price of bitcoin continued to rise above the USD 54,000 and USD 54,200 marks. BTC checked the USD 54,500 mark, and the bulls seem to be heading for USD 55,000. The price could escalate higher towards the USD 56.500 level if there is a strong break above USD 55,000.
According to cryptonews.com, the USD 53,200 level is a good support on the downside. Near the USD 52,000 mark, a main support is emerging.
The price of Ethereum fell from USD 1,860 to USD 1,800, but it remained well bid above that amount. ETH is currently consolidating above USD 1,800, with the possibility of a rise to USD 1,850. A near above USD 1,850 could open the way for a move towards USD 1,900.
If a new downturn occurs, the bulls will be able to protect USD 1,800 and USD 1,780. Near the USD 1,750 mark, the next big support is found.
Binance Coin (BNB) is up more than 10% and has broken through the USD 250 resistance level. BNB broke through the USD 265 and USD 270 resistance levels. The bulls’ next big stop may be near the USD 282 mark. On the downside, over USD 250, the price can stay high.
Cardano (ADA) is currently trading above the USD 1.150 mark, up over 5%. ADA is showing signs of improvement, but it needs to settle above USD 1.200 to maintain its upward trend. Near the USD 1.250 mark, the next big resistance is located.