Bitcoin And Ethereum Attempt Price Recovery
Bitcoin is attempting a recovery above $60,000 while Ethereum is facing some resistance near $4,300. As well as Bitcoin, most major altcoins are attempting recovery. ETH is attempting to reach $4,280 while XRP is nearing $1.12. ADA still sits below $1.90.
In the fallout from reaching its new all-time high, Bitcoin has found some support near $58,000 and has started a recovery wave above the $60,000 resistance. The coin is currently trading around $60,800 but faces a number of hurdles on the upside.
Today’s Bitcoin price
The price of Bitcoin has started an upside correction above the $59,200 and $59,900 levels. The coin climbed above $60,000 and $60,200 but faces an initial barrier at $61,200. The next key resistance sits around the $62,500 level. If the coin surges above this, it could start a steady upward move.
If the price of Bitcoin resumes it’s decline below $60,200 and $60,000, the next key support is at $59,200.
Today’s Ethereum price
Currently, the price of Ethereum is stable above the $4,120 support level. ETH recently recovered above $4,200 but is struggling to gain momentum above $4,250. The next major resistance that the coin could face is at the $4,300 level, above which the price could move above $4,450.
If the coin takes a downside correction, the price will find a main support at $4,000. Below this, ETH could see a strong decline.
Cardano (ADA) has settled below the $1.92 pivot level. It has found support near $1.75 and is now on the rise. The main breakout zone sits at $1.92. If the coin rises above this, it could reach $2.00.
Binance Coin (BNB) has spiked towards the $550 support level and is now trading above $580. The coin has an initial resistance at $600, above which there are chances of a move towards $620.
Ripple (XRP) has corrected higher from the $1.05 support zone. The coin is now trading above $1.10 but shows clear resistance near $1.12. If the coin breaks above $1.12, the price could reach $1.20.