Bitcoin price is stable above the USD 54,000 pivot level. BTC extended its rise above USD 55,000 and it spiked above the USD 55,500 level before a downside correction. The price is currently (04:45 UTC) trading near USD 54,800 and it could attempt a fresh increase above USD 55,500.
Besides, most major altcoins are seemingly gaining pace. ETH extended its rally above USD 2,650 and the price traded to a new all-time high near USD 2,710 (per Coingecko). XRP/USD spiked towards the USD 1.45 resistance before dipping below USD 1.40.
Total market capitalization
After a successful close above USD 54,000, bitcoin price extended its rise. BTC even spiked above the USD 55,500 resistance level. It is now correcting lower and trading near USD 54,800. An immediate support is near the USD 54,500 level. The first key support is near the USD 54,000 level, below which the price might test the USD 53,250 support.
On the upside, the USD 55,350 and USD 55,500 levels are initial barriers. A clear break above USD 55,500 could set the pace for a move towards USD 57,000.
Ethereum price gained pace above the USD 2,600 level and it even broke the USD 2,650 zone. ETH traded to a new all-time high above USD 2,700 before correcting lower. The price is now consolidating near USD 2,650, below which it might test the USD 2,600 zone.
On the upside, the bulls might struggle near USD 2,700. A successful close above USD 2,700 might lead the price towards the USD 2,800 level.
BNB, ADA, DOGE, and XRP price
Binance Coin (BNB) is trading well above the USD 550 pivot level. BNB even spiked above the USD 575 level, but it struggled to clear the USD 580 resistance level. A clear push above the USD 580 level could lead the price towards the main USD 600 resistance zone.
Cardano (ADA) gained pace above the USD 1.30 resistance and it traded close to the USD 1.35 resistance zone. The price is now trading near the USD 1.30 support zone, below which the price could test the USD 1.25 support level.
Dogecoin (DOGE) made another attempt to clear the USD 0.28 resistance zone, but it failed to gain pace. The price is now trading near the USD 0.265 support. The main support sits at USD 0.25, where the bulls might remain active in the near term.
XRP price surged above the USD 1.40 resistance zone, but the bulls failed to clear the USD 1.45 level. The price is now correcting gains below USD 1.40. If there are more losses, the price could remain stable near the USD 1.335 and USD 1.320 levels.
Other altcoins market today
Many altcoins gained over 10%, including MATIC, FTM, ANKR, ZIL, VGX, HNT, HOT, CHZ, CFX, AAVE, ZRX, SUSHI, MIOTA, ICX, and MANA. Out of these, MATIC rallied over 35% and it cleared the USD 0.75 level.
Overall, bitcoin price is trading in a positive zone above USD 54,000. If BTC clears USD 55,500, it could clear the path for a move towards the USD 58,000 zone.