Bitcoin price remained strong above the $64,500 support zone. BTC formed a base and started a new increase above $66,000. It is currently trading above the $66,300 level up 2% and eyeing resistance at $68,250. The crypto market capitalization is $2.43 trillion, up 1.87% from the last day.
Likewise, most major altcoins are trying to recover losses from the last week. ETH found support near $2,900 and recovered above $3,200. XRP is eyeing a bullish breakout above the $0.55 resistance zone. ADA is stuck near the $0.53 level. Solana is priced at US$154.46 with an increase of almost 5%. Pepe Coin, NEAR Protocol and SEI are up more than 10% in the last 24 hours.
In this article, we will discuss:
Bitcoin price
After a sharp decline, bitcoin price found support near $59,650. The hourly chart clearly suggests that the bulls have defended the $60,000 support zone on many occasions. BTC started a steady recovery wave above the $64,000 level. The price now faces resistance near the $66,500 zone. The next major resistance is near $68,250, above which the price could revisit the $70,600 zone.
On the downside, initial support is near the $64,550 level. The next major support is near the $60,000 zone, below which the price could fall to $52,500.
Ethereum Price
The price of Ethereum fell below the $3,000 support zone, but the bulls were active and the price rose again. ETH started a new increase and managed to surpass the $3,120 level. It even surpassed the $3,220 level. On the upside, the price faces resistance near the $3,250 level. The next major resistance is near the $3,620 level, above which the price could visit the $3,700 resistance.
On the downside, initial support is near the $3,100 level. The next major support is at $3,020, below which the price could gain bearish momentum.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/preco-do-bitcoin-e-ethereum-se-mantem-fortes-pepe-abre-rally/
