Bitcoin News
Bitcoin price increased its comeback above the USD 38,000 resistance after a strong rise above USD 37,000. Bitcoin also surged through the USD 40,000 resistance but saw no further movement. The value has corrected lower and is now selling below USD 39,000. Major support is around USD 37,000, under which the value can return to the USD 35,500 area. Near the USD 39,200 mark, there is some initial resistance. The key resistance is around USD 40,000, above which the value may keep rising towards USD 42,000.
Ethereum News
Ethereum rose in tandem with bitcoin's, breaking through the USD 2,550 resistance barrier. ETH increased by over 15% and checked the USD 2,750 resistance level. The price did not continue to rise and fell under USD 2,600. It may get offers of around USD 2,500.f further declines in the short term could cause a new downturn towards USD 2,200 or even USD 2,000.
Other Altcoins News
Value of BNB, LTC, DOGE, and XRP
Binance Coin increased by over 25% and closed above the USD 300 mark. BNB also climbed above USD 350, testing the USD 375 mark. The price is currently trying to consolidate around USD 350, with a possible correction lower to the USD 320 support region.
Litecoin has stabilized between USD 150 and USD 160. Litecoin is up 20% and has also surpassed the USD 180 mark. On the other hand, the bulls must break through the USD 200 limit if the surge continues.
Dogecoin has broken through the USD 0.350 resistance stage. It also went as high as USD 0.380 before reversing some of its profits. Near the USD 0.335 and USD 0.320 stages, it appears that solid support is emerging.
Over the USD 0.90 resistance stage, XRP price acquired bullish momentum. The price also rose above USD 1.00 but achieved no suitable close. Although it is currently repairing losses, the USD 0.800 level can also support the short future.
Conclusion
Several altcoins have increased by more than 20%, and QTUM surges by 50%, clearing the USD 12 mark.
Bitcoin is rising above USD 37,000 and USD 38,000. Fortunately, for a greater uphill leap in the short future, Bitcoin needs to stabilize above USD 40,000.
