Bitcoin price followed a bullish path after it settled above the USD 9,500 resistance. BTC / USD broke some major hurdles near USD 9,800, but faced a tough task near the USD 10,000 resistance zone. As a result, there was a downward correction and the price is currently (08:30 UTC) consolidating above USD 9,500.
Most major altcoins also trade in a positive zone, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA and XLM. ETH / USD settled above $ 200, but it should free up $ 205 for upward continuation. XRP is also trading above USD 0.200, but is struggling near the USD 0.205 resistance zone.
Total market capitalization
After a steady rise, bitcoin price faced sellers near the USD 9,980 and USD 10,000 levels. As a result, there was a sharp downward correction of less than $ 9,800. The price even peaked below USD 9,500, but found support near the USD 9,200 level. It is now consolidating above the USD 9,500 level, with the major hurdles on the upside at USD 9,800 and USD 10,000.
To stay higher, the price must rise above the USD 10,000 resistance. If not, there is a chance of another drop towards $ 9,200 or even $ 9,000.
Ethereum price fell above the USD 198 and USD 200 resistance levels. However, ETH is facing strong resistance near the USD 205 level, above which the price could rise higher to the USD 220 level in the short term.
On the other hand, initial support is near the USD 198 level. Any further losses could bring the price below the USD 195 level and it could revisit the USD 192 support.
Bitcoin cash, litecoin and XRP price
Bitcoin Cash price peaked above the USD 240 resistance, but still faces hurdles near the USD 245 and USD 250 levels. BCH continues to struggle near the USD 250 resistance, it may decline towards the USD 230 support. The next major support is seen near the USD 220 level.
Litecoin is trading above the USD 43.20 resistance and could continue to climb towards the USD 45.00 resistance. A successful close above the USD 45.00 resistance may take a strong step towards the USD 50.00 resistance. If the bulls fail, the price could drop back to the USD 41.20 support zone.
XRP price is trading above the USD 0.200 pivot level and testing the USD 0.202 resistance. On the upside, the USD 0.205 level acts as a strong barrier. If there is a lock above the USD 0.205 level, there is a high probability of a move towards USD 0.212 and USD 0.220. Conversely, the price may revisit the USD 0.192 support.
Other altcoins market today
In the past three sessions, much smaller altcoins have risen more than 5%, including OMG, ZIL, MIOTA, NRG, SEELE, UBT, LEND, THETA, MANA, ETN, HBAR and RCN. Conversely, CRPT, ABBC, BCN, QNT, SNT, BHT and DGB have decreased by more than 5%.
In general, bitcoin is facing strong resistance near the USD 10,000 zone. If BTC reaches more than $ 10,000 in the coming sessions, it could rise further. If not, there is a risk of another drop to $ 9,200 and $ 9,000.