Bitcoin price rose bullishly after breaking the USD 17,800 and USD 18,000 resistance levels. BTC even climbed above the USD 18,250 and USD 18,500 levels. The price is currently (05:00 UTC) consolidating gains with key hurdles near USD 18,680 and USD 18,800.
Similarly, there has been a steady surge in most major altcoins, including Ethereum, XRP, Litecoin, EOS, XLM, LINK, BNB, TRX, Bitcoin Cash, and ADA. ETH / USD did well, beating the USD 565 and USD 580 resistance levels. XRP / USD is also showing positive signs above the USD 0.600 and USD 0.612 levels.
Total market capitalization
After forming a support base, Bitcoin price rose again above the USD 17,800 and USD 18,000 resistance levels. BTC even gained pace, surpassing the $ 18,500 resistance. Immediate resistance is near the $ 18,680 level above which the bulls could attempt a decisive upside break above the $ 18,800 resistance level. The main weekly resistance is USD 19,500.
Initial downside support is near the USD 18,250 level. The first major support is near the $ 18,000 level, but the main weekly support is now forming near the $ 17,450 level.
Ethereum price remained stable above USD 500 and USD 520. As a result, ETH started a fresh surge above the USD 550 and USD 565 resistance levels. The price has even hit the USD 580 level and could soon try to exceed USD 600. Main weekly resistance is near $ 620.
On a downward correction, the $ 565 level could provide support. The next big support for ether is seen near the USD 550 level.
Bitcoin Cash, Litecoin and XRP Price
Bitcoin cash price is up 6% and is now trading above the USD 280 resistance. BCH is trading just above the USD 290 level with a major hurdle near the USD 300 level. A successful break above the USD 300 level could lead the price towards the USD 330 level. On the flip side, the USD 280 and USD 265 levels are important supports.
Litecoin (LTC) is gaining traction and trading well above USD 75.00. The price is up 8% and is approaching the USD 80.00 resistance level. To keep rising, the price must clear the USD 80.00 and USD 80.80 levels. The next major resistance is near the $ 85.50 level.
XRP price broke the USD 0.598 and USD 0.600 resistance levels to move back into positive zone. The price is now trading above USD 0.620 and facing hurdles near USD 0.635. The first major resistance is near the $ 0.655 level, above which the bulls may target a test of the $ 0.700 level. The main weekly support is now forming near the USD 0.550 level.
Other altcoin market today
Some altcoins were up over 10% including AAVE, SNX, KSM, AMPL, SUSHI, YFI and DCR. Of these, AAVE rose nearly 20% and broke the USD 75.00 resistance.
Overall, the Bitcoin price is back in a positive zone above USD 18,000 and USD 18,250. To continue to rise, it must gain strength above USD 18,800. If not, there is a short-term risk of falling again to USD 17,450.