After there was a clear close above the USD 11,000 resistance, the bitcoin price gained strength. The USD 11,250 and USD 11,400 levels were cleared by BTC. The price is currently (05:00 UTC) consolidating gains below USD 11,500 and the next upside break seems to be aligned.
Similarly, most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, EOS, ADA, TRX, BNB, and XLM, had a steady increase and positive moves. The USD 355 and USD 365 resistance levels were breached by ETH / USD. XRP / USD has also settled above USD 0.250 and if it clears USD 0.258, it could continue higher.
Bitcoin prices started a strong upward move after multiple failed attempts to clear the USD 10,250 support. BTC surpassed the resistance levels of USD 10,800 and USD 11,000 to move into a positive zone. It even tested the resistance of USD 11,500 and recently began a downside correction. The initial downside support is near the level of USD 10,350.
The first major support is close to USD 11,250, below which the bulls could defend the USD 11,000 main weekly support. A clear break above the resistance of USD 11,500 could open the doors for a push towards USD 11,800 and USD 12,000, on the upside.
A similar pattern also followed the Ethereum price and it rallied above the USD 355 resistance after a clear break. ETH broke the resistance of USD 365 and tested the USD 380 level. The price trades with a positive bias and if the USD 380 level is clear, the bulls could test the USD 400 level.
The price might find bids near the USD 365 level on the downside. Near the USD 355 level, the major weekly support is now forming.
Bitcoin cash, chainlink and XRP price
After it broke the USD 230 resistance, Bitcoin cash price gained traction. Even above USD 235 and USD 240, BCH climbed. Near the USD 250 level is the next key resistance. If a downside correction exists, bids near USD 235 could be found for the price. Near the USD 230 level, the breakdown support might be forming.
To move into a bullish zone, Chainlink (LINK) gained pace above the resistance levels of USD 10.20 and USD 10.50. The price is now trading close to USD 10.80, with a key obstacle near the level of USD 11.00. A successful break above the level of USD 11.00 could bring the price to the level of USD 12.00.
After settling above the USD 0.245 pivot level, XRP prices jumped. The price breached the resistance levels of USD 0.250 and USD 0.255. The USD 0.258 and USD 0.260 levels are now struggling to clear up. The next major stop above USD 0.260 could be USD 0.272 for the bulls. The main support, on the downside, is now near USD 0.245.