Cryptocurrency, Hot News

BTC and Altcoins starting to show signs to ‘Clean Up On Their Act”

  • Bitcoin regained above $10,250, but it strived to clear the $10,400 resistance.
  • Ethereum achieved 10%, and it tore the $360 resistance; XRP is trading moderately above $0.242.
  • AMPL, SOL, YFI, LEND, and LRC recovered over 25% today.

Bitcoin price began a decent recovery wave above $10,250 and $10,300. Nevertheless, BTC coped with clearing the $10,400 and $10,500 resistance level. It is currently (09:30 UTC) trading near $10,250, and it might gain bids near $10,150 in the short-term.

More importantly, a few vital altcoins either reached bullish drive or started a generous increase, including ethereum, XRP, litecoin, bitcoin cash, EOS, XLM, LINK, BNB, TRX, and ADA. ETH/$broke the $350 and $360 resistance level. XRP/$is also recovering, and it is now trading higher at $0.242.

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Bitcoin price

In the past few hours, the bitcoin price managed to recover above the $10,200 resistance. BTC even popped above $10,400, but it failed to continue higher. The price is currently declining and testing $10,250. The first significant support is near $10,150, below which the cost may perhaps retest the $10,000 support.

On the upside, the main hurdles are near $10,400 and $10,500, above which the price might accelerate higher towards the $11,000 resistance zone.

Ethereum price

Ethereum price is up over 10%, and it surged above the $350 and $360 resistance level. ETH ran into the $370 resistance, where the bears appeared. The price is currently retreating lower, but the previous resistance near $360 and $350 is likely to support.

On the upside, the $368 and $370 levels are essential hurdles, above which the price is likely to climb higher towards the $400 resistance zone.

Chainlink, XRP, and Bitcoin Cash price

Chainlink (LINK) is slowly gaining bullish momentum above $12.50. The price spiked towards the $13.00 level, but it struggled to continue higher. A successful close above $13.00 is a must for a fresh rally in the coming sessions. On the downside, the bulls are likely to remain active near $12.00 and $11.80.

XRP price is up over 2%, and it is trading nicely above the $0.242 resistance. The price is currently testing the $0.245 resistance, above which the price is likely to rise towards $0.252 and $0.255. If there is a fresh pullback, the $0.238 level might protect losses.

Bitcoin Cash price is trading flat near the $225 level, with an immediate resistance at $230. The critical barrier for BCH is near the $235 level, above which the price is likely to accelerate higher towards the $250 resistance. Conversely, a clear break below $220 might open the doors for a steady decline towards the $200 support.

The Rest of the Altcoins Market Today

In the recent three sessions, many altcoins surged over 10%, including AMPL, SOL, YFI, LEND, LRC, REN, ALGO, YFII, SNX, BTS, SUSHI, EWT, THETA, OCEAN, SRM, AR, BAL, NXM, RUNE, KSM, and EGLD. Out of these, AMPL jumped 50%, and it broke the $1.00 barrier.

Generally, bitcoin is proving initial signs of a clean increase above $10,250. Nevertheless, BTC must break the $10,400 and $10,500 resistance levels to gain bullish momentum in the upcoming sessions.

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