The cryptocurrency market on June 9, according to Cryptonew, showed signs of recovery and increasing. Bitcoin price has formed a base above the $31,000 and $32,000 levels. BTC has started a nice rally above the $33,500 resistance. Currently (12:14 PM UTC) trades above $34,000 and a breakout above $35,000 is possible.
Similarly, most of the major altcoins are recovering higher. ETH has been trading above the $2,450 resistance and climbed above $2,500. XRP/USD is consolidating above $0.85 and trying to head towards $0.90.
Cryptocurrency market June 9- Bitcoin price
After a protracted decline, bitcoin price found support near the $31,000 region. BTC has started a good rally and it has risen above $32,500, following news that BTC will officially become legal tender in El Salvador. The bulls were able to push the price above the $35,000 level. The price is currently showing some positive signs, but there are still key hurdles near the $35,500 level.
On the downside, initial support is near the $34,000 level. The next key support is near the $33,500 level, below which a slide to $32,000 is possible.
Cryptocurrency Market June 9- Ethereum Price
Ethereum price is also recovering from the $2,300 region. ETH broke the $2,450 resistance and it even moved above $2,500. The main resistance is near the $2,550 level, above which the price could move into the positive zone.
Otherwise, the price might start to drop below the $2,450 support. The next key support is near the $2,380 level.
Crypto Market June 9- BNB, LTC, DOGE and XRP Prices
Binance Coin (BNB) started a fresh rise from the $320 support. BNB accelerated and it climbed above the $350 level. The first major resistance is near the $365 level, above which it can test the $380 resistance. On the downside, the $335 level is a good support.
Litecoin (LTC) remains steady above $150 and it is inching higher. The immediate resistance is near the $165 level. A clear break above $165 could set up a pace to test $180. Conversely, the price could retest the $140 support.
Dogecoin (DOGE) is forming a base above the $0.318 and $0.320 levels. Initial resistance is near the $0.335 level. The first major resistance is near $0.350, above which a rally to $0.400 is possible.
XRP price is consolidating above the $0.850 support area. The price is currently showing a few positive signs, but it is facing multiple hurdles near $0.880 and $0.900. On the other hand, the price is likely to remain steady near $0.820.
Cryptocurrency Market June 9- Other Altcoin Market
Many altcoins have gained more than 5%, including BTG, SOL, AMP, ALGO, TFUEL, HNT, TEL, DGB, KSM, THETA, COMP, ZRX and CRV. Of these, AMP has increased by nearly 29% and surpassed the $0.05 level. Meanwhile, ICP, CEL and LEO fell 6%-12%.
All in all, the bitcoin price is recovering and surpassing $35,000. If BTC breaks above $35,500, it could gain stronger bullish momentum.
Join Facebook Groups and Telegram group of the Coinlive to chat and exchange information about the Crypto Currency market with more than 10,000 other people.
Important Note: All content on the website is for informational purposes only and is not investment advice at all. Your money, the decision is yours.
The cryptocurrency market on June 9, according to Cryptonew, showed signs of recovery and increasing. Bitcoin price has formed a base above the $31,000 and $32,000 levels. BTC has started a nice rally above the $33,500 resistance. Currently (12:14 PM UTC) trades above $34,000 and a breakout above $35,000 is possible.
Similarly, most of the major altcoins are recovering higher. ETH has been trading above the $2,450 resistance and climbed above $2,500. XRP/USD is consolidating above $0.85 and trying to head towards $0.90.
Cryptocurrency market June 9- Bitcoin price
After a protracted decline, bitcoin price found support near the $31,000 region. BTC has started a good rally and it has risen above $32,500, following news that BTC will officially become legal tender in El Salvador. The bulls were able to push the price above the $35,000 level. The price is currently showing some positive signs, but there are still key hurdles near the $35,500 level.
On the downside, initial support is near the $34,000 level. The next key support is near the $33,500 level, below which a slide to $32,000 is possible.
Cryptocurrency Market June 9- Ethereum Price
Ethereum price is also recovering from the $2,300 region. ETH broke the $2,450 resistance and it even moved above $2,500. The main resistance is near the $2,550 level, above which the price could move into the positive zone.
Otherwise, the price might start to drop below the $2,450 support. The next key support is near the $2,380 level.
Crypto Market June 9- BNB, LTC, DOGE and XRP Prices
Binance Coin (BNB) started a fresh rise from the $320 support. BNB accelerated and it climbed above the $350 level. The first major resistance is near the $365 level, above which it can test the $380 resistance. On the downside, the $335 level is a good support.
Litecoin (LTC) remains steady above $150 and it is inching higher. The immediate resistance is near the $165 level. A clear break above $165 could set up a pace to test $180. Conversely, the price could retest the $140 support.
Dogecoin (DOGE) is forming a base above the $0.318 and $0.320 levels. Initial resistance is near the $0.335 level. The first major resistance is near $0.350, above which a rally to $0.400 is possible.
XRP price is consolidating above the $0.850 support area. The price is currently showing a few positive signs, but it is facing multiple hurdles near $0.880 and $0.900. On the other hand, the price is likely to remain steady near $0.820.
Cryptocurrency Market June 9- Other Altcoin Market
Many altcoins have gained more than 5%, including BTG, SOL, AMP, ALGO, TFUEL, HNT, TEL, DGB, KSM, THETA, COMP, ZRX and CRV. Of these, AMP has increased by nearly 29% and surpassed the $0.05 level. Meanwhile, ICP, CEL and LEO fell 6%-12%.
All in all, the bitcoin price is recovering and surpassing $35,000. If BTC breaks above $35,500, it could gain stronger bullish momentum.
Join Facebook Groups and Telegram group of the Coinlive to chat and exchange information about the Crypto Currency market with more than 10,000 other people.
Important Note: All content on the website is for informational purposes only and is not investment advice at all. Your money, the decision is yours.
