Crypto Market Dec 27, 2021: Bitcoin and Ethereum Targets Still Up As Major Altcoins Rise

Cryptocurrency Market December 27, 2021: Bitcoin price corrected down from the $ 51,500 region. BTC tested the $ 50,000 zone and at 04:56 UTC, BTC was trading again at $ 51,000. A significant move above $ 51,500 can propel the price towards $ 53,000.

Similarly, most of the major altcoins are also rising. ETH could accelerate if there is a clear move above $ 4,120. XRP is currently trading below the $ 1.00 resistance. ADA could accelerate towards $ 1.50.

Cryptocurrency Market December 27, 2021: Bitcoin Price

After a slight downward correction, Bitcoin price formed a base above the $ 50,000 mark. BTC began rising again above the $ 50,500 and $ 50,800 levels. It faces resistance near the $ 51,200 mark. The closest resistance is near the $ 51,500 zone, above which a rally to $ 53,500 is possible.

On the flip side, initial support is near the $ 50,500 mark. The next big support is close to $ 50,000. A daily close below $ 50,000 could trigger a larger downward correction.

Cryptocurrency Market December 27, 2021: Ethereum Price

Ethereum price is trading above the $ 4,000 pivot zone. The price is currently targeting the resistance level of $ 4,120. The next major resistance is near the $ 4,150 level, above which the price can test $ 4,250.

Initial support is near the $ 4,050 mark. The next major support is near the $ 4,000 level, below which a retest of $ 3,920 is possible.

Cryptocurrency Market December 27, 2021: ADA, BNB, SOL, DOGE and XRP prices

Cardano (ADA) began a steady rise out of the USD 1.40 support area. It is trading above $ 1.45 and could continue to climb to $ 1.48. Main weekly resistance is now near $ 1.50.

The Binance Coin (BNB) is approaching the USD 550 resistance. A significant break above USD 550 can move the price towards USD 565. If corrected down, the price can drop to $ 532.

Solana (SOL) has accelerated above the $ 188 resistance and is testing the $ 200 resistance. A closing price above $ 200 could lift market sentiment. Otherwise, it could see a downward correction towards the $ 188 level.

DOGE rose above the $ 0.180 and $ 0.185 levels. The next major resistance is near $ 0.195, above which a rally to $ 0.20 is possible. Otherwise, it can be corrected down toward $ 0.172.

The XRP price is consolidating above the $ 0.90 level. Immediate resistance is near the $ 0.950 level. The next major resistance is at $ 1.00, which is where the bears may take a stand. On the other hand, $ 0.90 is the main breakout support.

Cryptocurrency Market December 27, 2021: Another Altcoin Market

Many altcoins are up more than 10%, including VGX, KDA, THETA, FTM, ROSE, UNI, KSM, MINA, STX, ATOM and ZIL. Of these, the KDA rose 20%, surpassing the $ 15 level. In addition, the price has increased 47% in one week.

Overall, the Bitcoin price is bullish and a test of $ 51,500 is possible. If BTC stabilizes above $ 51,500, it could gain upside momentum in the short term.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.