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Bitcoin Sets New ATH, Ethereum and Altcoins Remain Supported

Bitcoin price traded to a new all-time high close to USD 48,600 before correcting lower. XRP extended its climb past USD 0.550 and Ethereum is failing to stabilize above USD 1,800.

The price of Bitcoin gained bullish momentum above levels of USD 47,500 and USD 48,000. Before correcting lower, BTC also traded to a new all-time high close to USD 48,600. It is currently trading below USD 48,000, with significant supports of USD 47,000 and USD 46,500. 

Besides, most big altcoins are keeping gains above key supports. ETH is failing to gain momentum over USD 1,800, but above USD 1,700, it remains supported. About 8% of XRP/USD gained and it also spiked above the USD 0.550 resistance. 

A steady surge in the price of bitcoin met the resistance of USD 47,000. BTC also traded around USD 48,600 to a new all-time high, but there was no big follow-through. The price struggled to test USD 49,000 and a fresh decline began. A break below the amounts of USD 48,000 and USD 47,500 occurred. The initial support is near the level of USD 47,000. 

Near the USD 46,500 mark, the first major support is now developing. The next primary support will be USD 46,000. The USD 48,000 level, on the upside, presents resistance.

 According to cryptonews.com, the price of Ethereum failed to crack the resistance thresholds of USD 1,820 and USD 1,830. ETH is correcting lower and trading just below USD 1,800. It is testing the USD 1,740 support, below which the USD 1,700 support could be checked. Any further losses could open the doors for a surge towards the stage of USD 1,650. 

On the upside, the initial resistance is at the level of USD 1,800. Near the USD 1,820 and USD 1,830 levels, the major breakout zone is now forming. 

The main USD 1 resistance level was nearly checked by Cardano (ADA). A high is generated at the level of USD 0.980, and the price is lower at the moment.

 The XRP price worked well after moving above the resistance of USD 0.520. The price also soared above the amount of USD 0.550, testing USD 0.570. Gains are being corrected, but dips may stay limited to below USD 0.532 and USD 0.520. The primary goal for the bulls may be USD 0.585, on the upside.

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