Saturday, October 12, 2024

Bitcoin’s Recovery, Ethereum’s Rally and Other Altcoin’s Stories

© 2021 The CryptoApa, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Must read

Stanislav Shishkin
Stanislav Shishkinhttps://cryptoapa.com/
Stanislav is one of the lead copywriters on cryptoapa.com and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Stanislav at cryptoapa.com
  • Bitcoin price started a recovery wave above USD 48,500.
  • Ethereum surged above USD 4,000, XRP surpassed USD 0.82.
  • SOL gained 10% and broke the USD 175 level.

Bitcoin price formed a base above the USD 47,200 zone. BTC started a steady recovery wave and climbed above the USD 48,500 zone on the news from the US Federal Reserve. BTC is currently (04:30 UTC) facing a strong resistance near the USD 49,500 zone as the bulls might aim for a break above USD 50,000.

Similarly, most major altcoins are also moving higher. ETH jumped almost 4% and there was a clear move above the USD 4,000 level. XRP managed to climb above the USD 0.820 resistance. ADA gained 3% and there was a move above USD 1.30.

Total market capitalization
 

Source: tradingview.com

Bitcoin price

After forming a base above USD 47,200, bitcoin price started a steady increase. BTC was able to clear the USD 48,500 and USD 49,000 levels. It is now facing resistance near the USD 49,500 zone. The main resistance could be near the USD 50,000 zone. A close above USD 50,000 might spark a fresh increase in the near term.

An immediate support on the downside is near USD 48,200. The next major support is near the USD 47,500 level, below which the price could start a fresh decline.

Ethereum price

Ethereum price started a steady increase above the USD 3,880 resistance. ETH gained over 3% and there was a move above the USD 4,000 resistance. To continue higher, the bulls need to push the price above the USD 4,120 resistance level. The next key resistance is near the USD 4,200 level.

If there is another downside correction, the price could test USD 3,950. The next key support is near the USD 3,880 level, below which the bears might test USD 3,650.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) gained pace above the USD 1.25 resistance level. It is up 3% and there was a break above the USD 1.30 resistance. The next key resistance is near USD 1.32, above which the price could rise towards the USD 1.35 level.

  • Bitcoin price started a recovery wave above USD 48,500.
  • Ethereum surged above USD 4,000, XRP surpassed USD 0.82.
  • SOL gained 10% and broke the USD 175 level.

Bitcoin price formed a base above the USD 47,200 zone. BTC started a steady recovery wave and climbed above the USD 48,500 zone on the news from the US Federal Reserve. BTC is currently (04:30 UTC) facing a strong resistance near the USD 49,500 zone as the bulls might aim for a break above USD 50,000.

Similarly, most major altcoins are also moving higher. ETH jumped almost 4% and there was a clear move above the USD 4,000 level. XRP managed to climb above the USD 0.820 resistance. ADA gained 3% and there was a move above USD 1.30.

Total market capitalization
 

Source: tradingview.com

Bitcoin price

After forming a base above USD 47,200, bitcoin price started a steady increase. BTC was able to clear the USD 48,500 and USD 49,000 levels. It is now facing resistance near the USD 49,500 zone. The main resistance could be near the USD 50,000 zone. A close above USD 50,000 might spark a fresh increase in the near term.

An immediate support on the downside is near USD 48,200. The next major support is near the USD 47,500 level, below which the price could start a fresh decline.

Ethereum price

Ethereum price started a steady increase above the USD 3,880 resistance. ETH gained over 3% and there was a move above the USD 4,000 resistance. To continue higher, the bulls need to push the price above the USD 4,120 resistance level. The next key resistance is near the USD 4,200 level.

If there is another downside correction, the price could test USD 3,950. The next key support is near the USD 3,880 level, below which the bears might test USD 3,650.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) gained pace above the USD 1.25 resistance level. It is up 3% and there was a break above the USD 1.30 resistance. The next key resistance is near USD 1.32, above which the price could rise towards the USD 1.35 level.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article