Cryptocurrency Market June 15: Bitcoin Price Breaks $38,500 Resistance, Major Altcoins Rise

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Crypto markets June 15 by cryptonew: Bitcoin price has gained bullish momentum above the $38,500 resistance level. BTC even cleared $40,000 to move further into the positive zone. It is currently (04:30 UTC) consolidating the gains and it could resume its rally above $41,000.

Besides, most of the major altcoins are slowly moving higher. ETH broke through the $2,550 resistance and it is currently facing hurdles near $2,650. XRP/USD is recovering and it could accelerate if $0.90 is cleared.

Cryptocurrency market June 15: Bitcoin price

After a successful break above $38,500, bitcoin price extended its upward momentum. BTC even climbed above the $39,500 and $40,000 resistance levels. It tested the $41,100 zone and is currently consolidating gains. Immediate support on the downside is near the $40,000 level. The first major support is near the $39,500 level.

On the downside, the price is facing resistance near $40,800 and $41,000. The next key stop could be near $42,000 in the coming sessions.

Cryptocurrency Market June 15th: Ethereum Price

Ethereum price started a steady rise and it broke through the $2,500 resistance. ETH even broke through the $2,550 level and it is currently facing resistance near $2,600. The main hurdle is currently near $2,650, above which a rally to $2,800 is possible.

If the price fails to break above $2,600 or $2,650, it could correct the upside. Initial support is near the $2,550 level. Key support is currently forming near the $2,500 level.

Cryptocurrency market June 15: BNB, LTC, DOGE and XRP Price Giá

Binance Coin (BNB) is up about 5% and it is trading above $365. On the upside, immediate resistance is near the $380 level. Any further gains could open the door for a test of the $400 level. If there is a downside correction, the price can find support near $365.

Litecoin (LTC) broke through the $172 resistance. LTC is currently approaching the $180 resistance. If the bulls remain active, a move towards the $200 level is likely. Conversely, the price could correct lower towards the $165 support area.

Dogecoin (DOGE) is struggling to clear the $0.335 resistance. If it breaks through $0.335, the next stop could be at $0.350. On the downside, $0.320 is the short-term support. Key support is currently forming near the $0.300 level.

XRP price has formed a base above $0.850 and it has recently moved higher. XRP rose above $0.880 and it is currently rising towards the $0.90 resistance area. A clear break above $0.90 could lead the price towards $0.950.

Cryptocurrency Market June 15th: Another Altcoin Market

Many altcoins have gained more than 8%, including AMP, DOT, RUNE, KLAY, MATIC, BAT, ENJ, SNX, LINK, FTM, SUSHI, HBAR, ATOM, OMG and LUNA. Of these, AMP increased by more than 26% and surpassed $0.08.

Overall, the bitcoin price is showing positive signs above the $40,000 threshold. The current price action suggests a move above the $41,000 and $42,000 levels is more likely.

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