Cryptocurrency Market December 22, 2021: Bitcoin Raising $ 50,000, Ethereum and Other Altcoins Gaining Speed, too

Cryptocurrency Market December 22, 2021: Bitcoin price accelerated as it broke above the resistance area of ​​$ 48,500. BTC even cleared the $ 49,200 area and surged above $ 49,800 before correcting down. At 04:40 UTC, BTC is trading near $ 49,400 and it looks like the price could test $ 50,000 again.

Similarly, most of the big altcoins are also picking up speed. ETH is consolidating over $ 4,000 after testing $ 4,100 and clearing up $ 4,120. XRP is up 8% and has a significant profit of over $ 0.92. ADA tests the $ 1.30 resistance area.

Cryptocurrency Market December 22, 2021: Bitcoin Price

After a significant volatility of over USD 47,500, the Bitcoin price rose. BTC has broken the resistance levels of $ 48,500 and $ 49,200. The next resistance is near the $ 50,000 region above which the price could rise. In this case, a rally to $ 51,200 is possible.

On the flip side, initial support is near the $ 49,000 mark. The next big support is near $ 48,500, below which the price could start falling again.

Cryptocurrency Market December 22, 2021: Ethereum Price

Ethereum price has stabilized above $ 4,000 to move into positive zone. ETH is rising and trading above $ 4,050. The next major resistance is near $ 4,080, above which a breakout of $ 4,120 is possible. In this case, the price can test $ 4,200.

If corrected down, the price can drop below $ 4,000. The next major support is near the $ 3,920 mark, below which the price can test $ 3,850.

Cryptocurrency Market December 22, 2021: ADA, BNB, SOL, DOGE and XRP prices

Cardano (ADA) is up 3% and is well above $ 1.28. The price is currently testing the $ 1.30 resistance level. A successful break above $ 1.30 can bring the price to $ 1.32.

The Binance Coin (BNB) is struggling to accelerate above the $ 535 mark. The next major resistance is near the $ 550 mark. A clear move above USD 550 can bring the price towards USD 565.

Solana (SOL) is trading above the $ 175 level. It tests the USD 180 resistance above which the bulls can aim for a test of 188. The next major resistance for the bulls is near the $ 200 mark.

DOGE is consolidating above the $ 0.170 level. The first major resistance is near the $ 0.175 level. A proper break above $ 0.175 can move the price towards $ 0.188. Otherwise, it may drop to the $ 0.165 level.

The XRP price did better as it rose above the $ 0.90 level. The bulls pushed the price even above $ 0.92 and $ 0.95. The next major resistance is at $ 1.00, above which the price could test $ 1.05.

Cryptocurrency Market December 22, 2021: Another Altcoin Market

Many altcoins have rebounded by more than 10%, including CRV, MIOTA, LUNA, GRT, LRC, MATIC, RUNE, FTM, AVAX, KDA, HBAR, ATOM, and NEAR. Of these, LUNA is up 12%, topping the $ 90 mark. The price is now up 54% in a week.

Overall, the Bitcoin price is rising towards $ 50,000. If BTC levels off above $ 50,000, it can continue to climb towards $ 51,200 in the coming sessions.

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