Bitcoin and Ethereum Inch Higher, GMT and GRT Rally
Bitcoin price attempted a recovery wave above the USD 39,200 resistance and climbed above the USD 39,500 resistance. It is currently (11:51 UTC) showing positive signs near USD 39,700 and might test USD 40,000. BTC is now up 2% in a day and down 4% in a week.
Similarly, most major altcoins might attempt a fresh increase. ETH broke the USD 2,900 and USD 2,920 resistance levels. XRP is still consolidating losses near the USD 0.65 zone. ADA must gain pace above USD 0.865 to start a steady increase.
Total market capitalization
After a steady increase above USD 39,200, bitcoin price was able to extend gains. BTC even broke the key USD 39,500 resistance zone. If the bulls remain in action, the price could soon test USD 40,000. A close above USD 40,000 may perhaps open the doors for a steady increase. In this case, the price might rise toward USD 40,750.
If there is a downside correction, the price might find support near the 39,200 level. The next major support is near USD 38,800, below which the price might test USD 38,200.
Ethereum price also followed a positive path above the USD 2,880 level. ETH cleared the USD 2,900 and USD 2,920 resistance levels. ETH is up almost 2% in a day and down 5% in a week. The next major resistance is near the USD 2,950 level, above which the price could aim for a move toward the USD 3,000 level.
On the downside, an initial support is near the USD 2,880 level. The next major support is near the USD 2,850 level, below which the bulls might struggle.
Cardano (ADA) is still struggling to settle above the USD 0.85 level. The next key resistance is near the USD 0.865 level, above which the price could start a steady increase.
BNB gained strength for a move above the USD 395 resistance. It even broke the USD
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