Bitcoin and Ethereum Prices Pump,

Bitcoin price started a strong increase above the USD 20,500 resistance. BTC even spiked above USD 22,000 and is currently (04:00 UTC) correcting lower. The bulls are now likely to remain active near the USD 21,200 zone.

Similarly, most major altcoins started a steady increase. ETH was able to clear the USD 1,700 resistance and tested USD 1,780. XRP is showing positive signs above the USD 0.35 resistance. ADA is consolidating above the USD 0.50 resistance.

After a close above the USD 21,000 level, bitcoin price gained bullish momentum. BTC was able to clear the USD 21,200 and USD 21,500 resistance levels. It even spiked above USD 22,000 before the bears appeared near USD 22,250. The price is now correcting gains below the USD 22,000 level. On the downside, an initial support is near the USD 21,500 level. The next major support is near the USD 21,200 zone, below which the price could test USD 20,500.

BITCOIN PRICE

Ethereum price started a decent increase and settled above the USD 1,700 level. ETH even traded close to the USD 1,790 level before there was a downside correction. On the downside, an initial support is now near the USD 1,720 level. The next major support is USD 1,680, below which price could revisit USD 1,650. If there is another increase, the price might test USD 1,780. The next major resistance is near USD 1,800, above which the price may perhaps test USD 1,880.

ETH PRICE

Many altcoins are in a positive zone, including APE, QNT, CAKE, XEM, NEAR, LEO, CHZ, AR, XMR, and LINK. Out of these, APE gained close to 10% and might even clear the USD 5.50 resistance. Overall, bitcoin price is showing positive signs above USD 21,500. If the bulls remain in action, BTC could soon test the USD 22,500 resistance or even USD 23,200.

Other altcoins market today