Ethereum and Bitcoin are Steadily Increasing in Value

The price of Bitcoin is indicating a few things to be happy about rising to about USD 37,000. Better yet, it managed to go beyond the USD 37,500 mark currently looking for an excellent opportunity to profit. If it manages to reach USD 38,000, it might start its push towards the USD 40,000 mark.

• The price of Bitcoin is aiming for a breakout above USD 38,000 hurdle on the upside.
• Ethereum managed to clear the USD 25,000 resistance, with XRP managing to rise towards USD 0.665.
• DOGE gained 10%, while SOL is nearing USD 100.

Also, a majority of other major altcoins seem to be on the rise, albeit slowly. ETC managed to avoid the USD 2,500 hurdle, while XRP will most likely gain pace if it manages to clear USD 0.650 resistance level. ADA, on the other hand, could try to break above USD 1.08 mark.

Entire market capitalization

BTC Price

The price of Bitcoin price managed to advance, especially after closing above USD 37,000. BTC rose above the USD 37,500 mark and USD 37,600 mark. As we’re talking, BTC is trying a close beyond the USD 38,000 resistance, and should that be achieved, it means that the price might rise steadily. Its next major resistance will be nearing USD 40,000.

But on the negative side, initial support nears the USD 37,200 level, and the next major support is near 36,500, way below which the price might slip to USD 36,000.

Ethereum price

The price of Ethereum managed to clear the USD 2,500 resistance zone, and it seems like the prize will soon gain strength and go above the 2,550 level. It, therefore, means that the next key resistance for Ethereum will be near USD 2,620. If that becomes a reality, any more gains made by Ethereum could see the prize aiming towards the USD 2,750 level. But if that’s not the case, the price may aim for the USD 2,450 level. Ethereum’s next major support is near 2,400, and below that, the price might test USD 2,320.

BNB, ADA, DOGE, SOL, and XRP price

Binance Coin (BNB) is picking up above the USD 380 level. Surprisingly, it managed to rise above USD 388. Should the bulls continue remaining in action, then most likely, the price might increase to USD 400. On the other hand, we might see a drop towards the USD 365 support.

Cardano (ADA) is steadily rising higher. It was able to exceed the USD 1.05 resistance. Now, the bulls seem to be aiming for a clear move and targeting the USD 1.08 level. Should they be successful, we might see the price surpassing USD 1.10.

DOGE went up 10%, managing a break above the USD 0.148 resistance level. Currently, DOGE is now attempting a move beyond the USD 0.150 resistance. Should this be achievable, the next aim for the bulls could be close to the USD 0.165 level.

Solana (SOL) is gaining momentum above the USD 95 level. Soon, Solana may attempt a break above the USD 100 level, and if that becomes a reality, it means that the next stop for the bulls will possibly be USD 112 level.

XRP price is also gaining momentum and sooner it will be able to clear USD 0.65 and USD 0.665. XRP’s next key resistance is near USD 0.680, something that could see a move towards USD 0.70. But if not, the price might lower to USD 0.60.

Other altcoins market now

A majority of altcoins are up over the 5% figure, including MATIC, AVAX, LINK, CRO, NEAR, FTT, ALGO, KLAY, HBAR, MANA, and XLM. Of all these, MATIC managed to gain 10%, along with a move above USD 1.60.

To wrap it all up, the price of Bitcoin could increase significantly should there be a close above the USD 38,000 level. But if not, the price could trim gains and go below to around USD 36,000.