Bitcoin price started a downside correction after tagging the USD 11,400 level. BTC remained well bid near USD 10,800 and it is currently (08:30 UTC) trading above USD 11,000.
Similarly, most major altcoins are trading in a positive zone, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, XLM, and ADA. ETH/USD is back above USD 320, but it must surpass USD 325 to start a fresh increase. XRP/USD gained over 8% to clear the USD 0.240 resistance.
Total market capitalization
After a downside correction, bitcoin price found support near USD 10,550. BTC climbed back above USD 10,800 and it is currently trading above USD 11,000. An initial resistance is near the USD 11,100 level, followed by the USD 11,200 level. A clear break above the USD 11,200 level could increase the chances of more upsides above USD 11,400.
On the downside, the USD 10,800 level is a crucial support. Any further losses could lead the price towards the main USD 10,550 and USD 10,500 support levels.
Ethereum price tested the USD 305 support area and it is rising again. ETH is recovering and it is trading well above the USD 320 level. The price must settle above USD 325 for a fresh increase towards USD 335. Any further gains could lead the price towards USD 340.
Conversely, the price might start a fresh downside correction below USD 320. However, there are many key supports forming near USD 315 and USD 312.
Bitcoin cash, ADA and XRP price
Bitcoin cash price is gaining bullish momentum above the USD 260 and USD 275 resistance levels. BCH is up over 8% and it is trading above the USD 290 level. There is a key hurdle waiting near the USD 300 level, above which the bulls might test the USD 325 level. On the downside, there is a strong support forming near USD 280.
ADA is trading above USD 0.140 and USD 0.142 levels. The price might continue higher towards the USD 0.145 level. A crucial hurdle is near the USD 0.150 level, above which the price might accelerate higher towards USD 0.158 and USD 0.160. The main support on the downside is near USD 0.140.
XRP price is surging and it cleared the USD 0.232 and USD 0.235 resistance levels. The price is now trading above the USD 0.240 level and it could continue to rise towards the USD 0.242 level. The next key hurdle is near the USD 0.245 level, above which the price might climb towards USD 0.250.
Other altcoins market today
In the past three sessions, many small altcoins climbed over 5%, including NEXO, EOS, ZRX, ALGO, DASH, TRX, ERD, ENJ, BSV, LTC, CHSB, and HOT. Conversely, AMPL, FXC, CKB, RUNE, TMTG, and AOA are down more than 5%.
To sum up, bitcoin price is resuming its upside above USD 11,000. A successful break above the USD 11,200 resistance may open the doors for more gains. Conversely, dips in BTC towards USD 10,800 might find a strong buying interest.