Bitcoin Probing Crucial Resistance While Altcoins Start Rising

In the past few sessions, bitcoin price remained well bid above the USD 6,500 support level. However, BTC/USD is still facing a strong barrier near the USD 6,800 and USD 6,850 resistance levels. The price is trading (08:30 UTC) in a range below USD 6,850 and it seems to be preparing for the next major move.
On the other hand, there were many bullish signs emerging for major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. XRP/USD rallied more than 8% and broke the key USD 0.170 resistance. Besides, ETH/USD may soon attempt an upside break above USD 140.

Total market capitalization

Bitcoin Probing Crucial Resistance While Altcoins Start Rising 101
Source: www.tradingview.com

Bitcoin price

Recently, bitcoin price made another attempt to surpass the USD 6,800 and USD 6,850 resistance levels, but it failed. BTC/USD retreated from the USD 6,850 zone and it is currently trading near USD 6,650. If there are more downsides, the price could test the USD 6,550 and USD 6,500 support levels.
On the upside, the bulls need to gain pace above the USD 6,800 and USD 6,850 resistance levels to set the pace for a sustained upward move above USD 7,000 in the near term.

Ethereum price

Ethereum price is still stuck in a key range below the USD 140 and USD 142 resistance levels. If ETH/USD climbs above USD 142, there are high chances of a strong rise towards the USD 150 and USD 155 resistance levels.
On the downside, the first key support is near the USD 135 level, below which it could test USD 130. The main support for the current trend is seen near the USD 125 level.

Bitcoin cash, litecoin and XRP price

Bitcoin cash price is showing a lot of positive signs and it is slowly rising towards the key USD 230 resistance. A successful break and follow up move above the USD 230 barrier could spark a solid rally. The next major hurdles are seen near the USD 240 and USD 250 levels. On the downside, a major support is forming near the USD 220 level.
Litecoin is up around 4% and it surpassed the USD 38.50 and USD…

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