Bitcoin tried to trace its gains and traded around USD 48,000 yesterday but BTC has stayed well bid over USD 47,000 and is currently increasing. The biggest resistance is now around USD 50,000, and if it is broken, there is a fair possibility of a strong rise in the near future.
Aside from that, most big altcoins have significant supports. Above USD 1,450, ETH has stayed stable, and it may quickly return to USD 1,600.
Bitcoin’s price has corrected lower since testing the USD 50,000 mark. BTC was selling between USD 48,500 and USD 48,000. It recently trimmed losses after finding support around USD 47,000. It is now reaching USD 49,800 and USD 50,000 as resistance speeds.
If the price closes over USD 50,000 on a daily basis, the price could increase to USD 52,000. On the other hand, the price could return to USD 48,000. The first big support is near USD 47,000, below which the price can test USD 45,000.
The price of Ethereum dropped below USD 1,450 after struggling to hold above USD 1,500. Near USD 1,450, ETH gained a lot of buying interest and climbed back over USD 1,450. In the short term, the market seems to be heading for USD 1,550 and a revisit with the USD 1,600 resistance.
According to cryptonews.com, the USD 1,500 mark offers short-term support on the downside. Near the USD 1,450 mark, the main support is forming.
Binance Coin (BNB) has been unable to break through the USD 250 and USD 255 resistance levels. BNB could correct lower, probably to USD 240. The key support level remains around USD 232. For a sustained upward step, the price must settle above USD 255 on the upside.
The primary USD 1.200 assistance zone is being held by Cardano (ADA). There is a possibility that ADA will rally above USD 1.300 if it increases above USD 1.250. On the other side, a breakdown towards the 1.050 support is possible.