BTC and ETH Trim Gains; BTG and ETC Biggest Gainers
Bitcoin price picked up pace after it broke the 24,200 USD resistance zone. Yesterday, Bitcoin’s rally saw its price climb above 24,500 USD, but it failed to test 25,000 USD. It is currently (04:17 UTC) trading near 24,000 USD. BTC price is down 1% over the last day and up 6% in a week.
Besides, most major altcoins are consolidating their gains, ETH is trading near 1,900 USD and expecting more gains, XRP might attempt an upside break above 0.385 USD, while ADA is facing a major hurdle around the 0.55 USD level.
Total market capitalization (Source: tradingview.com)
For Bitcoin, on the downside, there is immediate support at 23,800 USD. The next major support is around the 23,500 USD zone, below which the price could gain bearish momentum.
On the upside, the price is now facing resistance around the 24,200 USD level. The next resistance is around the 24,500 USD level, above which the price might test 25,000 USD.
Ethereum price outperformed bitcoin and remained well bid above the 1,850 USD zone. ETH is now consolidating gains near the 1,900 USD level and is up 1% in a day and 18% in a week. Immediate resistance is around the 1,920 USD level. The next key resistance is near 1,940 USD, above which the price may test the 2,000 USD resistance zone.
On the downside, there is support around the 1,850 USD level. The next major support is around the 1,820 USD zone, below which the price could drop towards the 1,750 USD level.
Meanwhile, BTG and ETC jumped around 7% each, surging past 32 USD and 41 USD respectively, becoming the best performers among the top 100 coins today. BTG is also up 10% in a week, while ETC is up 19%.