Bitcoin has marked another step up in today’s market session as the number one cryptocurrency price has continued to maintain the upward trend. Similarly, altcoins have also been on the way up.
Bitcoin trades above $55,000 aims for $60,000 support level
The number one cryptocurrency has finally broken the resistance at $55,000 and now sits well above that level. It aims for a new all-time high price at $60,000. After BTC reclaimed the $50,000 level recently, it headed for two fresh weeks all-time-high price at $54,000 and $57,104.
On Tuesday, BTC was rejected at the $56,000 level as it just crossed the $55,000 resistance point. Today, the price climbed above the $55,000 line, hit $56,000, and tested the $57,000 level before going back down.
At the time of writing, BTC trades at $56,757, according to CoinGecko. It looks all set to gather support beat its all-time high price at $58,000, and set for fresh highs above $60,000.
It is safe to say with Tuesday’s market movement below the $55,000 line, BTC has reclaimed some ground since that low and currently hovers above $54,000. Technical indicators suggest that the $55,000 is the first significant resistance line in bitcoin’s way up. Should the asset overcome it decisively, the following obstacles are $56,112, $57,685, and the all-time high at $58,355 are the next resistance level experienced at the moment.
ETH set for $2,000, as BNB eye $300
Like Bitcoin, the top three altcoins, Ethereum, Binance coin (BNB), and Polkadot (DOT), are eyeing fresh highs. Ethereum, the largest altcoin, is set to take on the $2,000 resistance level and build on new all-time high prices while many small altcoins have seen minor gains.
Cardano has added 3% of value and is above $1.16. Minor losses are evident for Ripple (-2%), UNI (-4%), Chainlink (-1%), and Bitcoin Cash (-1%).
On the contrary, Polkadot has spiked by over 7% today to above $38 and has $40 in its sights. Binance Coin is the most impressive gainer from the top ten with an 18% surge. As a result, BNB has jumped to $285 and is just inches away from conquering $300.
Since yesterday, Polygon has added the most substantial chunk of value after news broke that Coinbase will list the asset. As a result, it has surged by 50% to $0.335.
Avalanche (30%), NEAR Protocol (23%), Pundi X (20%), Kusama (15%), Ravencoin (14%), Fantom (13%), and PancakeSwap (11%) are next.
Bitcoin still dominates as the strongest cryptocurrency as other altcoin continues to go bullish.