Bitcoin is presently selling over $23,800, and it looks like it could increase more than $24,000. If there is a negative correction, the $23,000 reinforcement might play a vital role.
Major Signals
- Bitcoin price is bullish above $23,5000
- Ethereum tries to cement its position above $630
- Ripple struggles to stay above $0.6 while BCH pumps by over 15%
The price of BTC has managed to stay above the $23,000 region in the last few trading sessions. Bitcoin is selling over the $23,500 area and, it could keep rising in the near future. The major barrier is close to the $24,009 and $24,200 areas. A rise over the $24,200 area may set the ground running to increase towards the $25,000 barrier.
On the negative, an initial reinforcement is close to the $23,500 area. The major weekly support is building close to the $23,000, under which the value might experience a correction to $22,200.
Also, most top altcoins are experiencing positive momentum, which includes; Ripple, ETH, BNB, XLM, BCH, LTC.
Ethereum/Dollar tried the $260 support area, and it is now giving signals of a new increase. Ripple/Dollar is selling under the major $0.600 barrier area.
Bitcoin Cash/Dollar performed outstandingly, and it is presently selling above $350.
What do you think of the Bitcoin rally? Let's discuss this in the comments.
