Bitcoin price gains from the USD 38,500 resistance zone. However, BTC remained well bid above the USD 36,000 level at the same time other cryptocurrency struggling to gain momentum for example ETH is now trading below USD 2,500.XRP/USD is also facing an uphill task near the USD 0.90 level.
Source: www.tradingview.com
Bitcoin price
After testing the USD 36,000 zone, bitcoin price started a fresh increase. BTC climbed back above the USD 37,000 level. An initial resistance is near the USD 38,000 level. The first major resistance is near the USD 38,500 level. If the bulls gain strength for a push above USD 38,500, the price could test USD 40,000 in the near term.
On the downside, the price might remain stable near the USD 36,000 level. The next major support for the bulls is near the USD 35,500 level.
**Ethereum price
**Ethereum price is holding the USD 2,400 support level. An immediate resistance on the upside is near the USD 2,500 level. The main barrier for a larger increase is near the USD 2,550 level.
If the price fails to clear USD 2,500 or USD 2,550, it could extend its decline. A downside break below USD 2,400 could lead the price towards the USD 2,350 level.
https://cryptonews.com/news/bitcoin-remains-elevated-ethereum-and-altcoins-struggle-10660.htm
