Bitcoin price started a steady recovery wave above the USD 38,800 resistance, rallied above USD 41,000, and is currently (04:18 UTC) trading above USD 41,500. BTC jumped more than 7% in a day and trimmed its weekly losses to less than 7%.
Similarly, most major altcoins are attempting an upside correction. ETH was able to clear the USD 2,700 level. XRP is still struggling to surpass the USD 0.75 resistance. ADA might test USD 0.85.
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Bitcoin price
After tagging the USD 37,200 zone on Monday, bitcoin price started an upside correction. BTC was able to climb above USD 41,000 today, surpass the USD 41,200 resistance level, and is now trying to gain pace above USD 41,500.
If there is a fresh decline, the price might find support near USD 40,000. The next key support is near the USD 39,200 level, below which the price may perhaps decline to USD 38,500.
Ethereum price
Ethereum price also started a decent recovery wave from USD 2,440. ETH climbed above USD 2,700 while a successful break above the USD 2,750 level may perhaps lead the price towards the USD 2,880 level. ETH is up 6% in a day and down 9% in a week.
If not, there could be another downward move below USD 2,600. The next key support is near the USD 2,550 level, below which the price might revisit USD 2,500.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) spiked below the USD 0.80 support zone. It is now correcting losses and trading above USD 0.83. The main resistance on the upside is still near USD 0.85, above which the price might accelerate higher.
BNB is gaining momentum and was able to clear the USD 388 resistance and surpass USD 400. The next major resistance is near the USD 412 level.
Solana (SOL) is moving higher above the USD 85 support and is testing the USD 88 resistance, above which the price might rise steadily towards the USD 95 level.
DOGE cleared the USD 0.120 zone. If there is a decent upside correction, the bulls might test the USD 0.125 resistance. If not, it could decline and test USD 0.115.
XRP price is rising towards the main USD 0.75 resistance level. A successful close above USD 0.75 could open the doors for a steady increase. The next major resistance might be near USD 0.80.
Other altcoins market today
Multiple altcoins are up over 5%, including LUNA, UNI, LEO, XMR, ZEC, NEXO, AR, KSM, KDA, DASH, and YFI. Out of these, LUNA rallied over 17% and surpassed the USD 90 level, erasing all its weekly losses, while XMR jumped 25%, surpassing USD 200 and increasing its weekly gains to almost 14%.
Overall, bitcoin price is showing positive signs above the USD 41,000 level. If BTC gains pace for a move above USD 41,500, there could be a stronger bullish wave.
