Bitcoin, Ethereum and Altcoin are making more gains

price of Bitcoin remained well above the pivot level of $ 31,200. BTC has even stabilized above $ 32,000 and is showing bullish signals. Currently (13:39 UTC) it is gaining momentum and could exceed $ 32,500.

Likewise, most of the major altcoins are on the rise as well. ETH is gaining traction, but a close above $ 2,000 is a must for more profit. XRP could rise steadily towards the $ 0.600 level.

Total market capitalization

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Bitcoin price

After a successful close above $ 31,200, the bitcoin price extended its recovery. BTC broke the $ 32,000 resistance level to move towards a bullish zone. bulls are in control and it looks like the price could rise further above $ 32,500. Any further gains could set the pace for a stronger move towards $ 33,500. On the downside, an initial support is near the $ 31,500 level. Key support is now forming near the $ 31,200 level.

Ethereum Price

Ethereum price is also showing positive signals above the $ 1,950 level. If ETH stabilizes above $ 2,000, the bulls could gain traction. In this case, the price could accelerate towards the $ 2,050 and $ 2,080 levels. If there is a downward correction, the price may find offers close to the $ 1,950 support. first key support is now forming near the $ 1,920 level.

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ADA, LTC, DOGE and XRP price

Cardano (ADA) is back in a positive zone above the $ 1.15 level. An immediate barrier is near the $ 1.20 level. A close above the $ 1.20 level could open the door for a steady rise. On the downside, the $ 1.15 level is decent support. Litecoin (LTC) is approaching the $ 120 resistance zone. A close above $ 120 could set the pace for a move above $ 125. next major resistance is near $ 132, above which the price could test $ 140. If there is a further decline, the price could test $ 112 level Dogecoin (DOGE) is consolidating below the $ 0.200 resistance zone. If the price stabilizes above $ 0.200, the price may continue to climb. next key resistance is near the $ 0.225 level. On the downside, the bulls may remain active near $ 0.172. XRP price has stabilized above the $ 0.55 resistance level. It is now approaching the resistance at $ 0.580. main resistance remains near $ 0.600, above which the price could accelerate towards the $ 0.620 level.

Another altcoin market today

Many altcoins made more than 8%, including AXS, FLOW, STX, SUSHI, WAVES, XLM, LUNA, RUNE, OKB, AAVE, MATIC, and THETA. Of these, AXS gained 30% and broke the $ 23.50 level.

Read also Singapore seeks to lock itself in as a global cryptocurrency hub

In short, the bitcoin price has returned to a positive zone above the $ 32,000 level. If BTC continues to rise above $ 32,500, the price could rise further to $ 33,500 ._____

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