Check out how far BTC came today.
Lately, the bitcoin rose to $38,000 and even surged past it. It peaked above $38,500 and began to dwindle. It broke past the $38,000, $37,500 and $37,000 levels añd continued downwards. But the bulls defended it at the $36,000 support level, and BTC began an uptrend once more. On the hourly chart of the BTC/USD pair, a crucial contracting triangle formed with support close to $37,350 and $36,000.
It is currently trading above $37,500, and there is the likelihood of a steady climb. Its next significant resistance level is at $38,000. And if it breaks past that, then $38,800 and $39,000 levels are the following crucial zones.
A convergence called Golden Cross, a positive momentum indicator is set to occur in bitcoin. The phenomenon is a convergence between BTC's short-term and long-term moving averages and is often a sign of upcoming rallies.
The Golden cross is known to have three stages. Based on Bitcoin's trading pattern in the past few days, we just entered the 2nd stage. Based on past cases, this signals rallies coming up where it might even break above its ATH.
Ethereum began a downside correction after it formed a new all-time high at $1,697. It corrected below the $1,650 and $1,620 levels. It dipped below the $1,600 level, but the price bounced back quickly.
It started a fresh increase and surged past its all-time high. It cleared above the $1,700 level today and is trading above $1,720. The next significant resistance for the bulls above $1,700 might be $1,735, a critical fib extension level.
Ripple is one a new uptrend, while BCH and LTC scale above previous price levels.
Ripple began a new increase above the $0.4000 resistance against the US Dollar. XRP price increased by over 15% after clearing resistance levels at $0.4000 and $0.4200. it is currently trading above $0.4400.
There is a strong possibility that it could accelerate further if it succeeds in breaking above the crucial resistance at $0.4650.
Bitcoin Cash scaled above $400 and the $420 levels and shifted into a positive zone. It broke past the $435 level and tried to climb above $450 and fell through. It fell to $412 but began a new increase. It scaled above $435, and the $440 levels again and is currently trading slightly above $440. The next resistance is, of course, the $450, which it wasn't previously able to scale. After that, $465 and $480 await it as the critical resistance levels.
Litecoin is currently trading above $150. Its next significant resistance is at the $155 and $158 levels. A successful break above the $158 level could see LTC headed for the $165 level.
The week is closing on a strongly positive note. If you're bullish on ethereum, get ready for another ATH, we could see ETH at $2k soon.
