The price of Bitcoin has remained stable above the $ 34,000 support zone. As a result, BTC started a steady rally above the $ 35,500 resistance. It even broke above the $ 36,500 level and is currently showing (12:20 UTC) signs of a possible move towards the $ 38,500 resistance.
Additionally, most major altcoins are showing signs of recovery. ETH accelerated and managed to clear the resistance of $ 2,550. XRP / USD broke through many hurdles near the $ 0.950 and $ 1.00 levels.
Total market capitalization
After a further decline, bitcoin price found support near the $ 34,000 level. BTC started a decent bullish move and rose above the $ 35,500 level. The bulls managed to clear the resistance of $ 36,500. It opened the doors for a push towards the $ 38,500 resistance. Any further gain could drive the price towards the resistance of $ 40,000.
Immediate support is near the $ 36,200 level. The first key support is near the $ 35,500 level, below which the price may revisit the $ 34,000 support area.
Ethereum price accelerated after breaking the resistance of 2450 USD. ETH cleared the resistance levels of $ 2,500 and $ 2,550. If the bulls stay in action, the price could hit the $ 2,650 level.
On the downside, the $ 2,500 level is immediate support. The next major support is now forming near $ 2,450.
BNB, LTC, DOGE and XRP prices
Binance Coin (BNB) broke the resistance level of $ 325 to start a decent rise. The BNB cleared the resistance levels of $ 345 and $ 350. The price is now showing positive signs and it may rise steadily towards the $ 365 and $ 370 levels.
Litecoin (LTC) is on the rise and it has passed the $ 180 level. LTC could continue to rise, but many significant hurdles await near the $ 195 and $ 200 levels. A sharp break above $ 200 could push the price higher in the short term.
Dogecoin (DOGE) held steady above the $ 0.280 level before rising and clearing the $ 0.300 and $ 0.312 levels. It looks like the bulls could try for more gains above $ 0.320. The next major stop for them could be near the $ 0.350 level.
XRP price started a strong rally and broke through many hurdles near the $ 0.950 and $ 1.00 levels. The price is now consolidating above $ 1.00 and it may rise towards the next key stop at $ 1.10.
The market for other altcoins today
A few altcoins climbed over 8% including GRT, DCR, XDC, AAVE, CHSB, SOL, CRO, SUSHI, LEO, CAKE, TEL and TFUEL. Of these, GRT is up more than 15% and it broke the level of 0.78 USD.
To sum up, the price of bitcoin is showing positive signs above $ 36,500. If BTC crosses the $ 38,500 barrier, it could open the doors for a larger bullish move in the near term.