Bitcoin Aims Higher, ETH Eyes $2,000, Why ETC Could Surge To $50

Key Insights:

• Bitcoin is slowly moving higher towards the $25,000 resistance zone.
• Ether (ETH) could rise further towards the $2,000 resistance level.
• ETC is gaining pace and targeting the $50 price point.

Bitcoin

Recently, bitcoin price formed a base above the $23,000 level. It started a fresh increase after there was a clear move above the $23,650 resistance zone.

The bulls pushed the price above the $24,000 level and the 21 simple moving average (H1). There was a clear move above a key bearish trend line with resistance near $23,400 on the hourly chart. Bitcoin even climbed above $24,500 before it faced sellers near $24,900.

It is now facing a major resistance near the $25,000 level. A clear move above the $25,000 resistance might start a steady increase towards $25,500, above which bitcoin could rise towards $26,500.

Ethereum (ETH)

ETH outperformed and rallied above the $1,700 resistance zone. The bulls pumped the price above the $1,800 level and the 21 simple moving average (H1).

There was a move above a key bearish trend line with resistance near $1,750 on the hourly chart. The price is now trading above the $1,900 resistance. On the upside, there are many hurdles forming near $1,940. A close above the $1,940 level could start anther increase and the price might test $2,000.

On the downside, there is a key support forming near the $1,810 level, below which ETH may head back down to the $1,600 zone.

Ethereum Classic (ETC)

ETC found support near the $33.20 level after a downside correction. A base was formed near $35 after which the coin started rallying.

The price was able to clear the $35.00 and $38.00 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $40.50 on the daily chart. ETC consolidated above the trendline for some time before there was a fresh push upwards.

Recently, ETC gained over 14% and was able to clear the $42 resistance zone. The next major resistance is near the $44 level, above which the price may target $50 should momentum continue.

If there is no upside break, the price could start a downside correction below $42. The next major support sits near the $40 level.

ADA, BNB, and DOT price

Cardano (ADA) is showing positive signs above the $0.532. The next major resistance sits near $0.55, above which the price may push towards $0.60.

BNB was able to clear the $325 resistance. On the upside, the next resistance is at $345.

Polkadot (DOT) settled nicely above the $9.20 resistance. Continued momentum could see DOT targeting the $10 level.

A few trending coins are SOL, EOS, and NEO. Out of these, SOL is up 10% and showing positive signs above the $43.50 level.