Bitcoin Hits New ATH, Ethereum and Altcoins Start Fresh Rally – Cryptonews
Bitcoin price remained stable above USD 38,000, and it gained pace above USD 38,500. BTC even surged above USD 40,000 and traded to a new all-time high near USD 43,400. It is currently (13:00 UTC) trading nicely above USD 42,000 and it is likely to continue higher.
Similarly, most other major altcoins are gaining bullish momentum, including ethereum, EOS, XLM, LINK, BNB, OMG, DOGE, AAVE, bitcoin cash, DOT, litecoin and ADA. ETH/USD is back above USD 1,700 and it is likely to continue higher. XRP/USD is correcting gains, but dips are likely to be limited near USD 0.420.
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After climbing back above USD 38,000, bitcoin price traded with a bullish angle. BTC cleared the USD 39,200 and USD 40,800 resistance levels. It even surpassed the USD 42,200 resistance. The next major resistance is near USD 43,400 (the recent high), above which the price is likely to test USD 45,000.
If there is a fresh decline, the USD 41,500 level is a short-term support. The key support is at USD 40,500, below which the price might revisit the USD 40,000 support.