RATE Group | Bitcoin And Altcoins Consolidating Gains Above Key Supports
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Bitcoin And Altcoins Consolidating Gains Above Key Supports

17 Apr Bitcoin And Altcoins Consolidating Gains Above Key Supports

Posted at 11:10h in Bitcoin News by

Yesterday, we saw a sharp rise in bitcoin price above the main USD 6,850 resistance. BTC/USD even surged above the USD 7,000 barrier, but it struggled to surpass the USD 7,200 resistance. It is currently (08:30 UTC) consolidating gains above the USD 7,000 and USD 6,850 support levels.

Also, there were strong moves in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD outperformed and tagged the main USD 175 weekly resistance. XRP/USD also tested the key USD 0.192 resistance and it is currently correcting lower.

Total market capitalization

Bitcoin And Altcoins Consolidating Gains Above Key Supports 101
Source: www.tradingview.com

Bitcoin price

After a sharp rise, bitcoin price faced a strong selling interest near the USD 7,200 resistance. BTC/USD corrected lower below USD 7,100 and it is now consolidating gains above the USD 7,000 level. If there are more downsides, the bulls are likely to protect the USD 6,850 support area (the recent breakout zone).
On the upside, the main resistance…

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