Bitcoin is packing beyond the USD 18,800 and USD 19,000 levels. While Ethereum is encountering substantial resistance at USD 600, XRP is showing positive signs above USD 0.620. DCR rallied over 35%, and EGLD extended its rise by 25%.
In the past couple of days, there were often sweeping range moves in bitcoin below the USD 19,500 resistance. BTC dipped below USD 19,000, but it continued well bid over USD 18,500. BTC is currently (05:00 UTC) trading near USD 19,000, and it seems to be preparing for the next crucial break.
Similarly, range moves in most significant altcoins, including ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, and bitcoin cash ADA. ETH/USD is stuck between the USD 580 support and the USD 600 resistance. XRP/USD is trading above USD 0.600 and USD 0.620, but it faces hurdles near USD 0.635 and USD 0.655.
Total market capitalization
Bitcoin Price
A couple of swing moves at bitcoin price, but the bulls could protect heavy losses below the USD 18,500 support. BTC recovered above USD 18,800, and it even climbed above the USD 19,000. On the upside, the USD 19,250 and USD 19,300 levels are initial hurdles. The primary breakout resistance seems to be forming near the USD 19,500 level.
As a drawback, the USD 18,800 level is initial support. The first critical support is at USD 18,500, below which the price could decline heavily towards the USD 18,000 level or USD 17,800.
Ethereum Price
Ethereum also followed a similar pattern, and it remained well bid above the USD 580 support. ETH is trading above the USD 590 level, but it faces strong resistance near the USD 600 and USD 605 levels. A close above the USD 605 level is a must to start a stable increase.
As a drawback, initial support is near the USD 585 level. The critical breakdown support is now forming near the USD 580 level.
Bitcoin Cash, Litecoin, and XRP Price
Bitcoin Cash is keeping the USD 280 support level and slowly climbing higher. BCH might accelerate higher if it clears the USD 300 and USD 302 resistance levels. The next significant resistance sits near the USD 315 level. Conversely, there is a risk of a sharp decline below the USD 280 and USD 270 support levels.
Litecoin (LTC) is playing well, and it is trading above the USD 85.00 and USD 86.50 support levels. It even spiked above USD 88.50 but struggled to continue higher above USD 90.00. If there is a close above USD 90.00, the bulls might test the USD 95.00 level.
XRP price is holding the USD 0.600 support level, and it recovered above the USD 0.620 level. On the upside, the USD 0.635 level is immediate resistance. The primary breakout resistance is near USD 0.650 and USD 0.655, above which the price might rally towards the USD 0.700 level.
Other Altcoins Market Today
Many altcoins gained over 10% in the past few hours, including DCR, EGLD, ALGO, RUNE, XEM, COMP, AAVE, CRV, BAND, ZIL, YFI, VET, ABBC, LUNA, and NXM. Out of these, DCR is up over 35%, and it broke the USD 30.00 resistance level.
In summary, Bitcoin is showing a few positive signs above USD 18,800. BTC must gain momentum above the USD 19,250 and USD 19,300 resistance levels to set the pace for a more massive rally.
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