Bitcoin Tries to Hold Above $83K as XRP, ADA, BNB, SOL, and PI Struggle for Upside
Bitcoin price today settled above the $83.000 level. At the time of press, BTC price was trading at $83.383,79 with a 1% increase in the last 24 hours. A clear move above the $85.500 resistance levels could trigger a fresh increase.
Similarly, most major altcoins are attempting to start an upswing. ETH appears to be eyeing a bullish break above $2.000. XRP has gained pace and cleared the $2,30 resistance zone. ADA is still stuck near the $0,72 level.
In this article, we will discuss:
- Bitcoin price
- XRP, ADA, BNB, SOL and PI Price
Bitcoin price
Yesterday, bitcoin price started a recovery wave above the $80.500 level. BTC even settled above the $82.200 level. However, the price is facing a major resistance near the $83.650 zone. A clear move above $83.600 could send the price towards $85.500. The next major resistance is near $90.500, above which the price could revisit the $91.200 zone.
On the downside, an initial support is near the $80.260 level and the 50 hourly simple moving average. The next major support is near the $76.500 zone, below which the price could decline to $70.000.
XRP, ADA, BNB, SOL and PI Price
XRP price has formed a base above the $2,45 resistance. XRP price could continue to rise towards the $2,70 level in the near term. The main support now lies at $2,00.
Cardano (ADA) is stable near the $0,72 level. An immediate resistance is near $0,81. The first major resistance is near the $1,16 zone, above which the price could gain bullish momentum. The main support now lies at $0,59.
BNB is slowly rising towards the $600 level. The first major resistance is near the $630 level, above which the price could rise to $695. In case of a decline, the main support lies near $500.
Solana (SOL) is trying to hold above the resistance of $120,00. It is now approaching the resistance of $135. If the bulls remain in action, the price may surpass $180. In case of a decline, Solana may find support at $85,00.
PI Coin, after a rally near $1,80, is correcting downside near $1,50. If the selling pressure continues, PI may retrace to the $1,20 zone. Now the bulls need to sustain the price above $1,56 for a retest of the $2,00 zone.
Overall, bitcoin price is holding gains above the key support of $80.000. If BTC breaks above the $85.500 barrier, it could rally towards the $90.000 level.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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