Cryptocurrency market on 07/07 by cryptonew: Bitcoin price remains bid well above the support levels of USD 33,200 and USD 33,500. BTC appears to be forming a base and could be heading for a bigger rally above $ 35,000. It is currently in a range (04:34 UTC), with key hurdles near $ 35,000 and $ 35,500.

Plus, most of the big altcoins are on the rise. ETH accelerated and could level off above $ 2,300. XRP is consolidating above $ 0.65 and could try to test $ 0.70 again.

Cryptocurrency market on 07-07: Bitcoin price

After Bitcoin price struggled to hold above $ 35,000, a bearish correction began. BTC has traded below $ 34,000 but is still well supported at $ 33,200. The price formed a base and began to climb more than $ 34,000. The first major resistance remains at $ 35,000. A closing price above $ 35,000 could usher in a bigger rally in the upcoming sessions.

Initial downside support is near the $ 34,000 mark. The first major support is at $ 33,500, followed by the top $ 33,200.

Cryptocurrency Market July 7th: Ethereum Price

Ethereum price remains high above the USD 2,200 support area. ETH started a new surge and climbed over $ 2,300. If the price stabilizes above $ 2,350, it can rise to $ 2,400 and $ 2,450, respectively.

If it drops again, the price could find support near the $ 2,280 mark. The next big support is currently forming near the $ 2,250 level below which the price can test $ 2,200.

Crypto market July 7th: BNB, LTC, DOGE and XRP prices

Binance Coin (BNB) accelerates above the $ 320 mark. The BNB even broke the USD 325 resistance. It appears that the bulls are aiming for a break above the $ 340 mark. The next major resistance is near the $ 350 mark.

Litecoin (LTC) is showing some positive signs above the USD 138 and USD 140 levels. However, LTC is facing strong resistance near the $ 150 mark. A close above $ 150 could trigger a stronger rally in the short term. On the downside, the $ 132 mark is a good area of ​​support.

Dogecoin (DOGE) has underperformed and is still trading below the USD 0.250 resistance. If the bears remain active, it risks falling to $ 0.212. The next big support is near the $ 0.200 mark.

The XRP price is trading above $ 0.650 and is gradually rising. Immediate resistance is near the $ 0.680 level. The main resistance remains near $ 0.70. A closing price above $ 0.70 could lead to a stronger rally in the short term.

Cryptocurrency Market July 7th: Another Altcoin Market

Many altcoins have gained more than 10% including MANA, KCS, ONE, KSM, FTT, ENJ, LUNA, STX, CAKE, CHZ and BAT. Of that, MANA is up 25% and topping $ 0.70 while KSC is up 30% and topping $ 14.

Overall, Bitcoin price is trading above the $ 33,500 support area. If BTC rises above $ 35,000 quickly, it could lead to a bigger spike in upcoming versions.

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