After forming a support base above the $ 5,200 level, the Bitcoin price started to rise sharply. BTC / USD broke the key USD 5.550 and USD 5.850 resistance levels and moved into a positive zone. The price is now trading well above $ 6,000 and is close to some $ 6,550 hurdles.
Similarly, most major altcoins have risen between 10% -15%, including Ethereum, XRP, Litecoin, Bitcoin Cash, BNB, EOS, TRX, ADA, and XLM. ETH / USD has risen about 18% and is now trading above the USD 135 resistance. In addition, XRP / USD broke the $ 0.155 resistance and is now trading above $ 0.165.
After successfully closing over $ 5,550, the bitcoin price above $ 5,850 gained momentum. BTC / USD rose more than 15% and tested the USD 6,400 resistance area. He is currently consolidating earnings and trading close to $ 6,500. Should there be a downward correction, the USD 6,200 could help.On the upside, the first major resistance is near the $ 6,550 and $ 6,600 levels. A successful break above the $ 6,600 mark could push the price towards the $ 6,800 mark.