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Home Latest News Market Bitcoin Nears USD 60K and Ethereum Shows Bullish Signs

Bitcoin Nears USD 60K and Ethereum Shows Bullish Signs

Bitcoin is growing rapidly and has broken through a significant resistance barrier around USD 58,000 and the price of Ethereum has risen past USD 1,800.

Since clearing the USD 57,000 resistance, bitcoin’s price began to rise steadily. BTC has moved into a bullish zone since breaking through the USD 58,000 resistance. It is currently trading around USD 59,000 and can soon retest USD 60,000.

Furthermore, the majority of significant altcoins are showing bullish signals. The price of Ethereum has risen past USD 1,800 and is now facing resistance around USD 1,850.

Bitcoin price continued its rally after smashing through the USD 57,000 resistance. BTC powered through the USD 58,000 resistance and also reached USD 59,500. It is currently consolidating gains and may resume its upward trend towards USD 60,000. The next main resistance is located near USD 61,200.

In the event of a downside correction, the previous resistance ranges of USD 58,200 and USD 58,000 could provide strong support in the near term.

The price of Ethereum followed bitcoin’s lead and broke through the main USD 1,800 resistance level. ETH is currently trading above USD 1,825, but it needs to gain momentum above USD 1,840 and USD 1,850 to continue to rise.

According to cryptonews.com, if USD 1,850 is not broken, a new decline to USD 1,800 or USD 1,780 is possible. The next big support level is around USD 1,750.

Binance Coin (BNB) is up over 7% and has broken through a range of major barriers near USD 262 and USD 265. BNB is currently trading around USD 270, with the possibility of more gains towards USD 280. Near the USD 288 mark, the next major resistance is identified.

Cardano (ADA) is already in a solid uptrend, and its rally has now hit USD 1.300. The bulls are now looking for a test of USD 1.500 after ADA cleared the USD 1.400 resistance. If there is a downside correction, the price could find support between USD 1.335 and USD 1.332.

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