Cryptocurrency Market June 30th by cryptonew: Bitcoin price has followed an uptrend above the USD 35,000 resistance area. BTC even broke $ 36,000 and rose to over $ 36,500. Currently (04:36 UTC) the upside is correcting, but the bulls could remain active near the $ 35,000 mark.
Also, most of the major altcoins are trading above the important support levels. ETH extended its gains above $ 2,200 before the bears surfaced near $ 2,250. XRP / USD rises above $ 0.70 and $ 0.72 before correcting gains.
Bitcoin price has steadily risen above the USD 35,000 resistance area. BTC even broke $ 36,000 but struggled to gain over $ 36,500 in strength. As a result, there has been a downward correction below $ 36,000. On the downside, the previous resistance could offer support near $ 35,000. The next big support is currently forming near the $ 34,200 area.
Initial resistance is near the $ 36,000 region. The first major resistance is at $ 36,500, above which a rally to $ 38,000 is possible.
Ethereum price outperformed Bitcoin and climbed over $ 2,150. It even climbed above $ 2,200 and tested the $ 2,250 mark. The price is currently correcting gains and trading below $ 2,150. Initial support is near the $ 2,100 level below which the price can test $ 2,050.
If it rallies again, the price could encounter resistance near $ 2,200. Key resistance is now forming near the $ 2,250 level250
Binance Coin (BNB) bounced above the $ 300 resistance. The BNB was tested at $ 315 and is currently correcting profits. Immediate support is at $ 292, but key breakout support is at $ 280. On the downside, if there is a daily close above $ 300, the price could gain momentum.
Litecoin (LTC) extended its bullish momentum above the $ 142 resistance. However, the bulls struggled near the $ 150 resistance level. It is currently correcting gains and trading near $ 142. If there are further losses, the price could test the $ 135 support area for the short term.
Dogecoin (DOGE) continued to rise above the USD 0.265 resistance. It tested $ 0.275 before cutting profits. DOGE is currently consolidating near the USD 0.250 support. If there continues to be losses, the bears can test the $ 0.220 support.
XRP price extended its rally above the $ 0.700 level. The price even surged above $ 0.720 before the bears hit near $ 0.735. XRP is currently trading below $ 0.700, but the bulls could remain active near the $ 0.650 support area.
Many altcoins are up more than 8%, including ETC, BTG, QTUM, ZEN, DCR, ZEC, FIL, VET, EGLD, SHIB, WAVES, OMG and TEL. Of these, ETC rebounded 29% and approached $ 62 before correcting lower. As reported, the Ethereum Classic network will go through a hard fork to implement the Magneto upgrade planned for late July, the team announced. The upgrade will include Ethereum Berlin upgrade features and therefore certain Ethereum improvement suggestions that address network security and gas charges.
Overall, Bitcoin price corrects gains from the $ 36,500 resistance. As long as BTC stabilizes above $ 35,000 and $ 34,000, there will be new upside opportunities.
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Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire
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