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Bitcoin Rallies, Altcoins Gain Momentum

14 May Bitcoin Rallies, Altcoins Gain Momentum

Posted at 09:36h in Bitcoin News by

After a successful close above the USD 9,000 resistance, bitcoin price gained bullish momentum. BTC/USD surged above the USD 9,200 and USD 9,400 resistance levels to move further into a positive zone (08:00 UTC). Going forward, a close above USD 9,550 might open the doors for a push towards USD 10,000.

Similarly, there was a steady rise in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is up more than 5% and it broke the USD 195 and USD 198 resistance levels. XRP cleared the USD 0.200 resistance and it could continue to rise in the near term.

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Bitcoin Rallies, Altcoins Gain Momentum 101
Source: www.tradingview.com

Bitcoin price

In the past two sessions, bitcoin price gained bullish momentum above the USD 9,200 resistance. BTC is up almost 8% and it even tested the USD 9,550 resistance zone. If the bulls remain in action, there are chances of a sustained upward move above the USD 9,550 and USD 9,650 levels. The next key resistance is…

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