RATE Group | Bitcoin and Altcoins Signaling Bullish Continuation
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Bitcoin and Altcoins Signaling Bullish Continuation

01 Jun Bitcoin and Altcoins Signaling Bullish Continuation

Posted at 12:11h in Bitcoin News by

This past week, bitcoin gained traction above the USD 9,000 and USD 9,200 levels. BTC even broke the USD 9,550 resistance zone, but it struggled to surpass the USD 9,800 barrier. It is currently (08:30 UTC) consolidating gains and it might attempt to clear the USD 9,800 and USD 10,000 resistance levels.

Similarly, there were bullish moves in many major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD performed well and tested the key USD 250 resistance zone. XRP also settled above USD 0.200 and it is currently consolidating gains above USD 0.202.

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Bitcoin and Altcoins Signaling Bullish Continuation 101
Source: www.tradingview.com

Bitcoin price

After a short-term correction, bitcoin price found support near the USD 9,400 level. BTC is currently trading above the USD 9,500 level, with an immediate resistance near the USD 9,650 level. The first major resistance is near the USD 9,800 level. The main weekly resistance zone is near the USD 9,950 and USD 10,000…

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