Cryptocurrency market June 28, according to cryptonew: Bitcoin price was able to hold above the important support area of $ 30,000. As a result, BTC started a new rally above the USD 33,500 resistance. It is currently (04:37 UTC) showing positive signs above $ 34,000 and could lead to a breakout above $ 35,000.
Likewise, most of the big altcoins are rising steadily. ETH remains above the USD 1,700 support and has now moved back above USD 1,900. XRP / USD could steadily rise towards USD 0.70 or even USD 0.72.
Recently, Bitcoin price started rallying above $ 33,500 after the bulls successfully defended the $ 30,000 support area. BTC is trading above $ 34,000 but is still struggling to overcome the $ 35,000 resistance. The price is currently trading in positive territory and could trigger another rally if a closing price is above $ 35,000.
Initial downside support is near the $ 34,000 mark. The first major support is currently forming near the $ 33,500 mark. The main weekly support is $ 30,000.
Ethereum price remains above the USD 1,700 support area. As a result, ETH began another spike above the $ 1,900 mark. The price is back above $ 1,950, but it needs to be well above $ 2,000 for a strong rally. The main weekly resistance is near the USD 2,050 level.
If it drops again, the price could find bids near $ 1,900. The first major support is currently forming near the $ 1,850 mark, below which ETH could pull back towards $ 1,700.
Binance Coin (BNB) holds profits in excess of $ 280. Immediate resistance is near the $ 300 mark. A closing price above USD 300 could set the pace towards USD 325. Otherwise, it risks falling into the USD 265 support area.
Litecoin (LTC) is trading above the $ 125 mark. If LTC gains pace to break above $ 135, it can climb to $ 150. Conversely, it can fall towards $ 112 with the main weekly support on the downside near $ 105.
Dogecoin (DOGE) is consolidating near the $ 0.250 level. Initial resistance is near the $ 0.265 level. The first major resistance is near the $ 0.280 level above which a test of $ 0.300 is possible.
The XRP price is above the $ 0.600 level. The price is back above $ 0.620 and could go above $ 0.650. The next major resistance to the upside is at $ 0.700. On the flip side, the bulls could remain active near the $ 0.600 level.
Several altcoins are up more than 5% including ICP, XDC, CEL, SC, ONE, COMP, KCS, FTM, FTT, RUNE and ZRX. Of these, the ICP is up nearly 50% after a sharp correction last week and could even be heading for a breakout above $ 50. Prices are still down almost 5% in a week.
Overall, Bitcoin price is showing positive signs above the USD 33,500 and USD 34,000 levels. If BTC levels off above $ 35,000, bulls could take control in the short term
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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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