Bitcoin news

Bitcoin and Ethereum Remain Supported, ZIL Rallies

  • Bitcoin price is still trading above USD 47,000.
  • Ethereum hovers around USD 3,400, XRP is holding gains above USD 0.85.
  • ZIL jumped 54% in a day.

Bitcoin price saw a minor downside correction below the USD 47,500 level. However, BTC remained well-bid above the USD 46,500 level. It is currently (12:02 PM UTC) consolidating gains near USD 47,300.

Similarly, most major altcoins could start another increase. ETH is trading near USD 3,400 and might climb higher above USD 3,450. XRP must clear USD 0.90 for upside continuation. ADA could attempt a fresh increase above USD 1.22.

Total market capitalization

Source: tradingview.comBitcoin price

After a minor decline, bitcoin price found support near the USD 46,500 zone. BTC recovered and climbed above USD 47,000, but is still down 1% in a day. On the upside, the price might face resistance near the USD 47,880 level. The next major resistance is near the USD 48,000 level. A close above this level could start another steady increase. The next stop could be USD 49,200.

If there is another downside correction, the price might find support near the USD 46,800 level. The next major support is near USD 46,500, below which the price might struggle to stay above the key USD 46,200 support.

Ethereum price

Ethereum price traded close to the USD 3,320 support level but is now back near USD 3,400 and is eyeing more gains. It is now facing resistance near USD 3,440 and is down 1% in a day. The next key resistance might be near the USD 3,450 level, above which the price could accelerate higher.

On the downside, ETH might find support near the USD 3,350 level. The next major support is near the USD 3,320 level, below which the price may perhaps decline sharply.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) is attempting a fresh increase above the USD 1.20 level. An immediate resistance is near the USD 1.220 level, above which it could revisit the 1.245 resistance zone.

BNB is trading near USD 440 and aiming for a test of the USD 450 resistance level. A clear upside break above USD 450 could set the pace for a larger increase. The next major hurdle is at USD 465.

Solana (SOL) is consolidating near the USD 112 level. An immediate resistance is near the USD 115 level. A close above USD 115 might send the price towards the USD 122 level or even USD 125.

DOGE is hovering near USD 0.144 and may soon attempt another increase above the USD 0.150 resistance zone. The next key resistance is near the USD 0.155 level, above which the price could rally towards the USD 0.165 level.

XRP price is holding gains above the USD 0.85 level. The first hurdle is near the USD 0.88 level. The main resistance is still near the USD 0.90 level. A close above USD 0.90 could start a strong increase.

Other altcoins market today

A few altcoins are up over 5%, including NEAR, UNI, VET, HBAR, AAVE, ZIL, KCS, GMT, and COMP. Out of these, ZIL rallied 54% in a day, nearing USD 0.16 and increasing its weekly gains to 250%.

Overall, bitcoin price is showing positive signs above the USD 46,500 level. If BTC clears the USD 48,000 resistance, the price could accelerate higher towards USD 50,000.


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