Cryptocurrency Market June 14: Bitcoin Moves Higher, Ethereum and Altcoins Show Positive Signs

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Crypto market June 14 by cryptonew: Bitcoin price remains strong above the $35,000 support area. BTC has started a fresh rally and it broke the $38,500 resistance area, following the positive statements of Tesla’s Elon Musk. It is currently (04:35 UTC) trading above $39,000 and the overall price action looks positive.

Besides, most of the major altcoins are showing fresh bullish signs. ETH is rising and it can break through the $2,500 resistance. XRP/USD is holding the $0.850 support and it might attempt a stronger recovery.

Cryptocurrency market June 14: Bitcoin price

After forming a base above the $36,000 region, the bitcoin price started a fresh rise. BTC climbed above the $37,500 and $38,500 resistance levels. The price even broke the $39,500 level, but the bulls are struggling to gain the strength to push above the $40,000 resistance area.

On the other hand, the price is likely to remain steady near the $38,000 level. The next major support for the bulls is near the $37,500 level.

Cryptocurrency Market June 14: Ethereum Price

Ethereum price is holding the $2,420 support. The immediate resistance on the upside is near the $2,500 level. Major weekly resistance is currently forming near $2,550, above which a test of $2,800 is possible.

If the price fails to break above $2,500 or $2,550, it could start a new decline. The main breakout support is currently forming near the $2,420 and $2,400 levels.

Crypto Market June 14: BNB, LTC, DOGE and XRP Prices

Binance Coin (BNB) is up about 5% and it is trading above $350. On the upside, immediate resistance is near the $365 level. The next key resistance is near $380, above which a rally to $400 is possible. On the other hand, the price is likely to remain steady near $335.

Litecoin (LTC) is still trading above the $165 support. An immediate hurdle for the bulls is near the $172 level, above which a test of $180 is possible. The main weekly resistance is near the $195 and $200 levels. The key support level is near $150.

Dogecoin (DOGE) is consolidating above the $0.320 support. On the upside, immediate resistance is near the $0.335 level. The main weekly resistance is near the $0.350 level. If there is a fresh drop, the price could find a strong support near the $0.300 level.

XRP price is stuck in a range above the $0.850 support. On the downside, the $0.885 level is an initial resistance. The main breakout zone is currently forming near the $0.900 level. If there is a fresh decline, the price can test $0.80.

Cryptocurrency Market June 14: Another Altcoin Market

Many altcoins have gained more than 10%, including TFUEL, GRT, FTM, AAVE, AMP, RUNE, LEO, THETA, ZIL, HOT and EGLD. Of these, TFUEL increased 19% and increased 0.55.

Overall, the bitcoin price is showing positive signs above the $38,000 level. However, BTC still needs to clear the $40,000 resistance for a sustained upward move.

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