According to cryptonew’s latest update, Bitcoin price has broken through the resistance of $35,000. As a result, BTC gained bullish momentum and it cleared the $36,500 resistance. It even cleared $37,000 and is currently (04:35 UTC) facing stiff resistance near $38,000.
Besides, most of the major altcoins are recovering steadily. ETH settled above the $2,500 level and it even cleared the $2,550 resistance. XRP/USD broke the $0.88 resistance and it could clear $0.90 soon.
Crypto Market June 10: Bitcoin Price
After closing above $35,000, bitcoin price extended its bullish momentum. BTC edged higher steadily above the $36,000 and $36,500 levels. There was a spike to the $37,500 level, but the price could not extend the upward momentum. The main resistance on the upside is near $38,000, above which the price could test $40,000.
On the other hand, the price is likely to remain steady above $36,500. The next major support is currently forming near the $35,500 level.
Crypto Market June 10: Ethereum Price
Ethereum price gained close momentum above the $2,500 level. ETH even cleared the $2,550 resistance and it is showing positive signs now. Initial resistance is near the $2,620 level. The first major resistance for a bigger upside is near $2,650.
If there is a fresh decline, the $2,500 level could provide support. The next key support is near the $2,440 level.
Crypto Market 10-06: NB, LTC, DOGE and XRP Prices Giá
Binance Coin (BNB) is back above the $350 resistance and it even cleared $365. BNB is currently approaching the $380 level. A successful break above $380 could lift the price towards the $400 resistance area in the short term.
Litecoin (LTC) is up more than 10% and it cleared the $165 level. LTC is trading above $170 and it could test $180. If the bulls remain active, a move towards the critical $200 level is likely.
Dogecoin (DOGE) accelerated above the $0.320 and $0.335 levels. It is currently facing hurdles near $0.350. A close above $0.350 could open the door to $0.400. On the other hand, the bulls might remain active near the $0.320 level.
XRP price rallied more than 7% and broke through the $0.880 resistance. It is currently testing the $0.900 resistance, above which the price could gain bullish momentum. The next key resistance is near the $0.950 level. Conversely, it can return to $0.850.
Crypto Markets 10-06: Another Altcoin Market Today
Many altcoins have gained more than 10%, including BTG, KSM, ZEN, ZEC, RUNE, RVN, QTUM, DOT, NEO, XMR, ETC, WBTC, BTCB, NEXO and CRV. Among these, KSM is accelerating and even crossed the $500 threshold.
Overall, the bitcoin price is trading above the $36,500 level. If BTC clears the $38,000 resistance, it could accelerate higher towards $40,000 in the near term.
This is indeed the positive news of the market after Bitcoin was legal tender in El Salvador and supported by many other politicians in Latin America.
It is very likely that in the near future, Bitcoin and cryptocurrencies in general will recover and develop even faster in the face of more friendly responses from many countries and authorities.
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