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Bitcoin Gaining Bullish Momentum, Altcoins Outperform

06 Jan Bitcoin Gaining Bullish Momentum, Altcoins Outperform

Posted at 10:01h in Bitcoin News by

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Bitcoin price is showing a lot of positive signs above the USD 7,350 and USD 7,400 resistance levels. Once BTC/USD settles above USD 7,550 and USD 7,650, it could set the stage for an upward move towards the USD 8,000 and USD 8,200.
Besides, most major altcoins are gaining traction and rising with a bullish bias, including ethereum, XRP, bitcoin cash, litecoin, EOS, BNB, ADA, TRX and XLM. ETH/USD is approaching the USD 140 and USD 145 resistance levels. Moreover, XRP/USD could be eyeing an upside break above the USD 0.200 resistance area.

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Bitcoin Gaining Bullish Momentum, Altcoins Outperform 101
Source: www.tradingview.com

Bitcoin price

Recently, bitcoin price surged above the key pivot level and resistance area at USD 7,350. It has opened the doors for more upsides above USD 7,400 and USD 7,500 levels. The price is now (09:00 UTC) trading near the USD 7,550 resistance, above which it could test USD 7,650.
The next major weekly resistance is seen near the USD 8,000 level, above which there is mostly an open…

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