Bitcoin approaches USD 50,000, Ethereum, Cardano rally – Cryptonews

Bitcoin price remained well above the $ 46,500 level. BTC began another spike above the USD 48,500 resistance level. It is currently (04:25 UTC) trading above $ 49,200 and could soon top $ 50,000.

Similarly, many large altcoins gained upward momentum. ETH is up nearly 9% and has broken the USD 3,700 resistance. XRP is also gaining traction, breaking the $ 1.235 resistance. ADA rallied to break major resistance at USD 3.00.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After Bitcoin price formed a support base, it steadily surged above $ 48,000. BTC has broken the USD 48,500 resistance zone to move into a positive zone. The price even traded above the $ 49,200 and $ 49,500 levels. On the flip side, there is immediate resistance near the $ 49,850 level. The main resistance is near the $ 50,000 mark, above which the price could rise to $ 52,000.
On the flip side, the bulls could remain active near the $ 49,200 level. The next big support is near the $ 48,500 level.

Ethereum price

Ethereum price stayed in bullish territory and broke the USD 3,700 resistance. ETH even climbed above $ 3,800 and tested $ 3,850. It is now consolidating near $ 3,750 and could continue to rise. The first major resistance is at $ 3,800, followed by $ 3,850.
If corrected down, the price could find bids near $ 3,700. The next big support is near the $ 3,640 level.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) is up nearly 9% to break key resistance levels of $ 2.95 and $ 3.00. It even rose to $ 3.05. If the bulls remain active, the price could move towards the $ 3.20 and $ 3.25 levels. Conversely, there could be a downward correction towards USD 2.92 or USD 2.88.
Litecoin (LTC) has broken the USD 175 resistance. It is now trading above $ 180 with an immediate resistance at $ 185. A closing price above $ 185 and $ 188 could bring the price towards $ 200. If not, the price could move towards the USD 175 support level.
Dogecoin (DOGE) was up 8% to break the USD 0.288 resistance. DOGE is trading around $ 0.300 and could continue to climb towards $ 0.312. The next major resistance is at $ 0.320, which is where the bears may take a stand.
The XRP price is up nearly 5% and has climbed above $ 1,220. The price even topped $ 1.235 and climbed above $ 1.250. Further gains could open the doors for a move towards the $ 1.265 level. If corrected down, the price could find bids near $ 1.235 and $ 1.220.

Different Altcoins Market Today

Many altcoins are up over 10%, including FTT, MIOTA, FTM, REV, VET, XDC, OKB, MATIC, CAKE, AVAX, SUSHI, KCS, GRT, TEL and LINK. Of these, the FTT rose over 40%, surpassing the $ 65 level.

Overall, the Bitcoin price is gaining pace above the USD 48,000 and USD 48,500 resistance levels. If BTC breaks USD 50,000, it could accelerate towards USD 52,000.
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