Bitcoin and Ethereum Remain Supported, XTZ and AXS Accelerate

  • Bitcoin price is trying to reclaim USD 30,000.
  • Ethereum is facing hurdles below USD 2,050, XRP is consolidating above USD 0.40.
  • XTZ and AXS are up around 8%.

Bitcoin price remained well bid above the USD 28,500 level and started a fresh increase above the USD 30,000 resistance. It is currently (04:03 UTC) trading near USD 30,200 and facing a strong resistance near the USD 30,500. BTC is up almost 3% in a day and is still down almost 4% in a week.  

Similarly, most major altcoins are showing positive signs. ETH is back above USD 2,000 but is struggling to gain pace above USD 2,050. XRP is also struggling to clear the USD 0.425 and USD 0.432 resistance levels. ADA is facing resistance near the USD 0.55 level.

Total market capitalization

Source: tradingview.com

Bitcoin price

After another decline, bitcoin price found support near the USD 28,500 level. BTC started another increase, broke the USD 30,000 resistance, but it again struggled near the USD 30,500 zone. The next key resistance is still near the USD 31,200 level, above which the price could gain bullish momentum.

An immediate support is near the USD 29,800 level. The next major support is near the USD 29,500 level, below which the price could start another decline.

Ethereum price

Ethereum price also followed a similar pattern and recovered above the USD 1,980 level. ETH cleared the USD 2,000 resistance to move into a positive zone. It is trading near USD 2,030 and is up 3% in a day and down 5% in a week. On the upside, an immediate resistance is near the USD 2,050 level. The next major resistance is near USD 2,120, above which the price could gain bullish momentum.