Bitcoin News
Bitcoin's price surged again after another test of $56,500. BTC broke the $58,000 and $58,500 resistance levels. The price is now approaching $60,000, which is a primary weekly obstacle. An effective break above $60,000 could pave the way for a significant increase.
Near $61,200, the next major resistance level, above which the price could rise to $63,000. If there is a downside decline, support can be found at $58,500. Near the $56,500 mark, the primary weekly assistance is being formed.
Ethereum News
The price of Ethereum outpaced bitcoin, increasing above $3,850 and $3,950 resistance levels. ETH also broke through $4,000, reaching a new all-time high of $4,050. The bulls may set their sights on $4,120 as their next goal.
On the downside, above the $4,000 mark, the price may remain stable. The next important amount of funding is around $3,950.
Other Altcoin News
Check out the value of BNB, LTC, DOGE, and XRP.
1. Binance Coin
BNB is up by more than 5% and trading well above the $665 mark. BNB is approaching the $685 resistance level. A strong break above $685 could pave the way for a break above $700.
LTC has increased by over 15% and is now trading above the $400 mark. LTC has checked the $412 level, and it may continue to rise.
3. Dogecoin
DOGE has dropped significantly from a high of $0.650.
DOGE fell below the $0.50 mark before finding help near the $0.418 mark. It has since recovered and is currently trading above $0.50.
4. Ripple
The price of XRP has begun to rise again above the $1.55 resistance mark. It is now approaching the $1.60 mark, and it can continue to rise.
Conclusion
Most altcoins gained more than 10% out of them, TEL increased by 50% and crossed the $0.055 mark.
In summary, the price of bitcoin is steadily increasing, and it is now reaching $60,000. If BTC settles above $60,000, it will begin a new upward trend soon.
