Bitcoin, Ethereum and Altcoin Bulls are gaining traction

price of Bitcoin has formed a solid support base above $ 30,000. As a result, BTC started a steady rise and broke the resistance at $ 32,000. It has even broken above $ 32,500 and is currently correcting gains (04:31 UTC).

Similarly, most of the major altcoins are showing positive signs. ETH picked up pace and even broke the $ 2,000 resistance zone. XRP was up nearly 5% and even broke the $ 0.550 resistance zone.

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Bitcoin price

After forming a base above $ 30,000, the price of bitcoin gained bullish momentum. BTC broke the $ 31,000 and $ 32,000 resistance levels. It even topped $ 32,500, but there was no proper close. price now corrects for gains and is trading below $ 32,000. first key support is near $ 31,500, below which it could test $ 31,200. Initial resistance to the upside is near the $ 32,500 level. A close above $ 32,500 could set the pace for a significant rise in the near term.

Ethereum Price

price of Ethereum has also started a decent rise, similar to bitcoin. ETH broke the $ 1,850 and $ 1,900 resistance levels. ETH has even surpassed $ 2,000 and is now consolidating gains. If there is a close above $ 2,000, the price could accelerate further in the short term. If there is a further decline, the price could test the support of $ 1,920. first key support is now forming near the $ 1,900 level.

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ADA, LTC, DOGE and XRP price

Cardano (ADA) gained 6% and broke the resistance level of $ 1.15. However, the ADA is still facing resistance near the $ 1.20 level. A close above this level is necessary for a sustained upward movement in the short term. On the downside, the $ 1.12 level is decent support. Litecoin (LTC) stabilized above the $ 112 and $ 115 resistance levels. It is now showing positive signals and could continue to rise above 120. Dollars. next major resistance is near $ 125, above which the price could test $ 132. Dogecoin (DOGE) broke the $ 0.180 and $ 0.195 resistance levels. It even surpassed $ 0.200 before correcting down again. To enter a positive zone, the price must stabilize above $ 0.205 and $ 0.212. In this case, the price could rally to the $ 0.250 level. XRP’s price gained pace after breaking the $ 0.535 and $ 0.550 resistance levels. price is now showing positive signals above $ 0.550. Immediate resistance is near $ 0.580, above which the price could test the $ 0.600 level.

Another altcoin market today

Many altcoins made more than 10%, including AXS, TEL, FLOW, MATIC, STX, SUSHI, AAVE, LUNA, SNX, OKB, THETA, ICP, HNT, UNI, and CEL. Of these, AXS gained more than 30% and broke the $ 22 level.

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Overall, the bitcoin price is showing positive signals above the $ 31,200 level. If BTC stabilizes above $ 32,000 and $ 32,500, there could be more advantages in the coming sessions ._____

Find the best price to buy / sell cryptocurrencies:

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