Daily insight on the stock markets such as Bitcoin and Ethereum’s and other altcoins and the analysis of the highpoints of the day.
Bitcoin News
After flatlining for a long period at USD 57,500, the Bitcoin price has begun a steady increase. BTC broke resistance levels USD 58,000 and USD 58,500. The highest figure for Bitcoin was USD 59,500 before corrections.
If there is no break below the mark of USD58, 000, the bulls could test the USD 60,000 level. Any new gains will lead to new pathways into an unparalleled high of above USD 62,000.
Ethereum News
The price is remarkable and its long rise to USD 2150 is constant. ETH is combining its gains of above USD 2,100 and the bulls might aim for the possibility of gains above USD 2,200. The price of USD 2,075 and USD 2,050 levels were the buy zones. The possible next major support is USD 2000 level.
Other Altcoin News
Here's how altcoins performed:
1. BNB
Binance Coin is gaining ground. It registered an 8% growth and has passed the USD 370 level, then tanked at USD 350 resistance. The prices could rise steadily until it reaches USD 380 or USD 385. The next barrier is close to the USD 400 level.
2. ADA
The stock Cardano grew steadily and traded above the USD 1.200 level. The recent progress of the XRP seems to be keeping ADA from the USD 1.220 resistance zone. Should it pass the bar, it could meet the USD 1.285 level.
3. LTC
Litecoin appears to increase its strides as it beat the USD 215 resistance. If it beats the USD 225 barrier, it could reach USD 245 or USD 250. However, the disadvantage is that the USD 200 level is now major support.
4. XRP
Ripple price did better this week than Bitcoin and grew by more than 30%. It paused at the USD 0.800 and USD 0.900 levels. It traded near to USD 0.950 levels and clinched the 6th spot moving ADA to a lower position. The price is in consolidation mode and there could be a downside correction to USD 0.800.
