Bitcoin, Ethereum and Altcoins Gain Bullish Momentum

Bitcoin price broke the key USD 57,000 resistance to move further into a positive zone. It is currently (12:30 UTC) trading well above USD 57,000 and it might accelerate higher towards USD 58,800.

Similarly, most major altcoins are rising and showing positive signs. ETH is up over 3% and it broke the main USD 1,720 resistance zone. XRP/USD is stable above USD 0.550 and it might rise towards USD 0.600.

Bitcoin price

After forming a support base above USD 55,000, bitcoin price started a fresh increase. BTC broke the USD 56,200 and USD 57,000 resistance levels. It even spiked above USD 58,000 and it is now consolidating gains. It seems like the price could continue higher towards the

On the downside, an initial support is near the USD 57,200 and USD 57,000 levels. Any more losses might call for a test of USD 56,000.

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