Crypto Market September 24th of Crypto: Bitcoin price is rising rapidly after breaking the $ 43,500 mark. BTC broke the USD 44,000 resistance and even tested the USD 45,000 level. BTC price corrects down at 04:35 UTC, but bulls could operate near $ 44,000 or $ 43,500.
Similarly, most of the major altcoins could revise lower. ETH rose to $ 3,175 before falling below $ 3,100. XRP is struggling to settle above the $ 1.00 pivot level. ADA can extend the rally above $ 2.35 and $ 2.40.
After Bitcoin price closed above $ 43,500, it broke through $ 44,000. As a result, BTC expanded its gains and tested the next major resistance at $ 45,000. The bears were active near $ 45,000, which resulted in a downward correction. On the flip side, instant support is close to $ 44,000. The next major support is now forming near $ 45,500 below which price may struggle in the upcoming sessions.
On the flip side, there is an initial hurdle near the $ 45,000 mark. The next big resistance could be at $ 45,500, above which the price could test $ 46,200.
Ethereum price broke the $ 3,150 mark, but there was no bullish continuation. ETH failed to test the USD 3,200 resistance and corrected it down. It traded below $ 3,100 and could even go back to $ 3,025. The next big support is close to $ 3,000.
If it surged again, the bulls could gain the strength to test the $ 3,200 mark. To go any higher, the price has to settle above $ 3,200.
Cardano (ADA) hovered above $ 2.20 and built on profits. The price broke the $ 2.30 level before correcting lower. The next major resistance is at $ 2.35, above which a pullback to $ 2.50 is possible. On a downward revision, ADA can find bids near $ 2.20.
Litecoin (LTC) is consolidating near the $ 160 mark. The immediate hurdle is near the $ 165 mark. A significant break above $ 165 could trigger steady upward momentum. The next major resistance is near the $ 175 mark, above which the bulls can test the $ 188 mark.
Dogecoin (DOGE) is holding gains above the $ 0.220 level. However, it will encounter resistance near the $ 0.230 and $ 0.232 levels. A close above $ 0.232 could open the door for a move towards $ 2.50.
The XRP price is struggling to settle above the $ 1.00 level. There’s also a big hurdle near $ 1.05. A closing price above $ 1.00 and $ 1.05 could generate more upside. Otherwise, the price may drop to the USD 0.880 support.
Many altcoins are up more than 5%, including REN, RUNE, NEAR, XTZ, ONE, TEL, CRV, GRT, QNT, COMP, and SHIB. Of these, REN is up nearly 24%, topping the $ 1.00 level. SUSHI, FTM and HBAR, on the other hand, fell 4%.
Overall, Bitcoin price is trading in a positive zone above $ 44,000. BTC could correct lower in the short term, but the bulls could remain active near the $ 43,500 mark.
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Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.
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