Bitcoin gaining momentum: Smashing $12,000 level, Altcoins sending out positive signs

  • Bitcoin achieved a bullish momentum above the $11,800 and $12,000 resistance level.
  • Ethereum is getting better towards the $380 resistance, XRP could touch the $0.250 zone.
  • OKB rallied over 10%, and NANO broke the $0.90 resistance

Bitcoin prevailed in a favorable position, and it settled above the $11,800 resistance level. BTC reached bullish momentum and climbed above the $12,000 resistance. There was also a breach above the $12,200 level, and the price is currently (05:00 UTC) consolidating gains.

Additionally, most significant altcoins show early signs of a new increase, including ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash, and ADA. ETH/USD started a decent recovery above $375, and it is approaching the $380 resistance. XRP/USD surpassed $0.245, and it might continue to rise towards the $0.250 resistance.

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Bitcoin price

In the recent two sessions, bitcoin resulted in a bullish path above the $11,800 resistance. More importantly, BTC broke a significant barrier near the $12,000 level to move further into a positive zone. There was also a spike above the $12,200 level. The price is currently consolidating gains, with many supports on the downside, such as $12,075 and $12,000.

On an advantage, the $12,250 level offers a short-term hurdle. The next major stop for the bulls could be near the $12,500 level.

Ethereum price

Ethereum attained support above $370 and recovered above the $375 resistance. ETH is now trading above $378, and it might attempt an upside break above the $380 level. The next significant resistance is near the $385 level.

On the downside, the $375 level might act as short-term support, below which there are chances of a push towards the vital $370 support zone.

Bitcoin cash, chainlink, and XRP price

Bitcoin price persisted well bid above the $240 level and recently started a new increase. BCH surpassed the $248 and $250 levels. It seems like the price might continue higher towards the $260 resistance in the coming sessions. Conversely, a failure to clear $252 might call for a fresh drop to $240.

Chainlink (LINK) stretched its decline below the $10.20 support level. It even spiked below the $10.00 support (as discussed yesterday) before starting an upside correction. The price is back above $10.20, but it might continue to face a strong selling interest near the $10.50 level.

XRP remained stable above the $0.240 support and recently started a new increase above the $0.245 resistance. The price is now showing positive signs, and it might recover towards the $0.248 and $0.250 resistance level. If there is no upside continuation, the bears could aim for a retest of the $0.240 level in the near term.

Other Altcoins market today

Some altcoins rose over 5% in the past few hours, including OKB, NANO, LEND, WBTC, and ZB. Conversely, RSR, NXM, ZEC, AR, REN, ANT, NEAR, and SC are down more than 8%.

Generally, bitcoin is soaring above the primary $12,000 resistance. The current price action is positive, and it seems like BTC might continue to advance towards the $12,400 and $12,500 level in the near term.

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