Bitcoin and Ethereum Near Key Hurdles, ICP Surges

  • Bitcoin price is facing resistance near USD 31,200.
  • Ethereum is struggling near USD 1,850, XRP recovered above USD 0.40.
  • ICP is the best performer today.

Bitcoin price remained supported above the USD 29,500 level. BTC started a recovery wave above USD 30,000 and is currently (04:04 UTC) trading near USD 30,500. BTC is up almost 3% in a day and 4% in a week.

Similarly, most major altcoins are facing hurdles. ETH is struggling near USD 1,850 while XRP managed to recover above the USD 0.40 pivot level. ADA bears are protecting a clear move above USD 0.60.

Total market capitalization

Source: tradingview.com

Bitcoin price

After forming a base above the USD 29,500 level, bitcoin price was able to start a recovery wave. BTC climbed above the USD 30,500 resistance level but the bears are protecting more gains above the USD 31,200 level. The next key resistance is near USD 31,500, above which the price could rise towards the USD 32,400 resistance.

On the downside, an initial support is near the USD 30,000 level. The next major support is still near the USD 29,500 zone, below which the price could dive to USD 28,500. 

Ethereum price

Ethereum price is consolidating above the USD 1,800 level. On the upside, ETH is facing a major resistance near the USD 1,850 level and is up almost 1% in a day and over 1% in a week. The main major resistance is still near USD 1,920, above which the price could start a steady increase. The next key resistance is at USD 2,000.