Bitcoin, Ethereum and Altcoins Show Positive Signs

  • 26 March 2021, Friday, 11:00

Bitcoin price remained stable above USD 52,000 and it climbed above USD 53,000. BTC even spiked above the USD 53,500 and it is currently (13:45 UTC) showing positive signs. If there is a daily close above USD 53,200 and USD 53,500, there are chances of a move towards the USD 55,500 resistance.

Similarly, most major altcoins are gaining momentum. ETH is trading above USD 1,600 and it might soon attempt an upside break above USD 1,650. XRP/USD rallied further and it is back above the USD 0.550 resistance.

Total market capitalization

Bitcoin price

After a close above the USD 52,500 level, bitcoin price was able to surpass the USD 53,000 resistance. BTC even climbed above USD 53,200 and it spiked towards USD 53,800. The bulls are slowly gaining strength and it seems like they could test the USD 54,500 and USD 55,000 levels in the near term. If there is a fresh decline, the price might find bids near the USD 52,500 level. The next key support is near USD 52,000, below which the price might test USD 51,200.

Ethereum price

Ethereum price is slowly gaining pace above the USD 1,620 level. ETH could gain strength for a strong rally if there is a clear upside break above the USD 1,650 and USD 1,660 levels. The next key resistance is near the USD 1,720 level. On the downside, the USD 1,620 level is a decent support zone. The first key support is now near USD 1,600, below which the price might slide towards the USD 1,550 level.

BNB, ADA, litecoin, and XRP price

Binance Coin (BNB) gained strength from USD 225 and it is now testing the USD 250 resistance. BNB might surge towards the USD 265 and USD 270 levels if there is a close above the USD 250 level. On the downside, the USD 240 level is an immediate support, followed by USD 232. Cardano (ADA) is up 10% and it is now trading well above the USD 1.150 resistance. ADA even cleared the USD 1.200 level and it seems like the price might gain strength for a move towards the USD 1.250 level. If there is a fresh drop, the USD 1.120 could act as a buy zone. Litecoin (LTC) recovered above USD 175 and it is now trading near the USD 180 pivot level. A close above USD 180 might start a fresh increase towards the USD 195 and USD 200 resistance levels. XRP price settled above the USD 0.500 and USD 0.520 levels. The price is gaining pace and it even climbed above USD 0.550. It seems like the bulls are aiming for a test of the USD 0.600 level.

Other altcoins market today

Many altcoins gained over 10%, including ANKR, CAKE, HNT, FLOW, RUNE, RSR, TRX, NEAR, LUNA, SUSHI, REN, EGLD, VGX, HOT, and OMG. Out of these, ANKR rallied 40% and it cleared the USD 0.125 level.

To sum up, bitcoin price is showing positive signs above the USD 53,000 level. If BTC settles above USD 53,000 and USD 53,200, there could be a steady increase towards the USD 55,000 and USD 55,500 levels. __

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