BTC and Altcoins Prepare for the Next Vital Break

Major Signals

• Bitcoin price is consolidating between the 18,800 USD and 19,000 USD levels
• Ethereum is facing strong resistance at 600 USD, XRP is showing positive signs
• DCR and EGLD extended a positive rally

BTC price experience some swing moves, but the buyers could show their strength and protect the price from going below the $18,500 support.

Bitcoin, however, recovered and went above $18,800 and even furthered beyond $19,000. The $19,250 and $19,300 are acting as initial resistance, and a significant resistance is forming close to $19,500.

The $18,800 is acting as the first support, and the primary support is starting at $18,500. If the price goes below this level, it could experience a further decline towards $18,000 or even $17,800.

The price of Ether also followed a similar wave and remained above the $580 support. ETH is trading beyond $590 but witnessing a substantial hurdle close to $600 and $605. A proper close above the $605 resistance could lead to a steady increase.

The initial support is close to the $585 level, and major support is forming close to the $580 mark.

LTC is presently trading beyond $85.00 and $86.50 and even went further beyond $88.5 but facing substantial hurdles near $90.00. A proper close beyond this point could push the price towards $95.00

XRP is maintaining the $0.600 support and even went beyond the $0.620 level. Immediate resistance lies at $0.635, and significant resistance is close to $0.650 and $0.655.

What do you think about the cryptocurrency market? Let’s discuss this in the comment section.