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Yesterday, we discussed important supports for bitcoin above USD 3,660. BTC/USD formed a support base and later started an upward move above the USD 3,750 and USD 3,800 resistance levels.
The price is now (UTC 08:10 AM) trading in a bullish zone and it could test the USD 3,900 and USD 4,000 resistance levels. Ethereum price also gained traction and broke the USD 130 and USD 132 resistance levels. ETH/USD broke the USD 135 resistance and it could extend upsides towards USD 140. Ripple price also traded higher, but upsides were contained by the USD 0.315 resistance level.
Bitcoin price
There was a strong bullish wave in bitcoin price above the USD 3,750 resistance. BTC/USD surged above the USD 3,780 and USD 3,800 resistance levels. The price is currently up more than 3%, with an immediate resistance at USD 3,880 and USD 3,900. If the price continue to move higher, it could rally towards the USD 3,950 and USD 4,000 levels.
On the other hand, if there is a downside correction, the USD 3,800 level might act as a support. The next supports are near the USD 3,780 and USD 3,750 levels.
On the other hand, if there is a downside correction, the USD 3,800 level might act as a support. The next supports are near the USD 3,780 and USD 3,750 levels.
Ethereum price
Ethereum price rallied more than 7% and broke the USD 130 and USD 132 resistance levels. ETH/USD is currently trading above USD 135 and it seems like buyers are aiming for the USD 140 resistance level.
A break above the USD 140 resistance could push the price towards USD 144. On the downside, an initial support is at USD 134, below which the price could revisit the USD 130 - USD 132 support area.
A break above the USD 140 resistance could push the price towards USD 144. On the downside, an initial support is at USD 134, below which the price could revisit the USD 130 - USD 132 support area.
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