There was no bearish interruption below the USD 18,500 and USD 18,200 support levels. As a result, BTC started a new surge and rebounded above the USD 18,000 and USD 19,000 resistance levels. The price is currently trading above USD 18,800 (13:00 UTC) and could attempt a fresh move towards USD 19,200 or higher.
Similarly, most of the major altcoins have started a recovery wave, including Ethereum, XRP, Litecoin, EOS, XLM, LINK, BNB, TRX, Bitcoin Cash, and ADA. ETH / USD surpassed the USD 595 resistance and even surged above USD 600. XRP / USD remained well bid above the USD 0.600 level and rebounded above the USD 0.620 level.
Total market capitalization
Bitcoin price started a recovery wave after forming a support base near $ 18,500. BTC climbed above the USD 18,800 and USD 19,000 resistance levels. It even broke USD 19,200 but struggled to go higher. The price is consolidating above USD 18,800 below which it could find support near USD 18,500.
If it spikes again, the price could gain momentum above the $ 19,000 level. The next major resistance is at USD 19,200. A significant break above USD 19,200 could potentially require an advance towards USD 19,500.
The price of Ethereum stayed well above the USD 575 and USD 580 levels. ETH climbed above the USD 595 resistance and even tried to stabilize above USD 600. However, the bulls appear to have strong selling interest near $ 600 and $ 605.
On the downside, the price could remain stable above the USD 580 support. A close below $ 580 could move the price towards the $ 550 support level.
Bitcoin Cash, Litecoin and XRP Price
Bitcoin cash price is steadily increasing towards the USD 295 and USD 300 resistance levels. To start a sharp surge, the price must be above the USD 300 resistance. Conversely, drops towards USD 280 could find solid buying interest. The next major support is near the $ 272 level.
Litecoin (LTC) is up over 7%, well above the USD 86.50 resistance. LTC even broke the USD 88.50 level but struggled to surpass the USD 90.00 level. The price is trading above USD 86.50 and it appears that the bulls may make another attempt to clear the USD 90.00 resistance in the near future.
The XRP price is well above the USD 0.600 support level. Before a slight decline, there was a break above the USD 0.615 and USD 0.620 levels. The price is rising again and could break the resistance at $ 0.620. The main resistance is now at $ 0.630, above which the price could rise towards $ 0.655.
Other altcoin market today
In the past few hours, some altcoins have gained over 5%, including SUSHI, EGLD, RUNE, NEAR, KSM, ZIL, AAVE, YFI and LSK. Conversely, REP, SNT, ZEN, ETC, ALGO and DASH have all declined by over 5%.
In conclusion, Bitcoin price is showing some positive signs and could gain momentum above USD 19,000. If BTC levels out above USD 19,200, it could aim for another spike to USD 19,500 or USD 19,800.