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Bitcoin Targeting More Gains as Ethereum and Dogecoin Continue to Rise

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Bitcoin
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Bitcoin price continues to move upward above the $52,000 resistance. Bitcoin was able to go beyond the $53,200 mark, but it spiked above $55,000. Bitcoin is currently (07:38 GMT) consolidating its gains to go above $55,000 again and might rise further above the $55,500 mark.

ETH is making its mark at the $3,500 pivot, while XRP reached the $1.08 resistance level. Cardano (ADA) reached the $2.20 mark again.

Bitcoin price
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Bitcoin Price

After breaking above $52,000, Bitcoin price continued rising. BTC moved above the $53,200 and $54,500 resistance levels, even surpassing $55,000 and testing $55,750. The Bitcoin price is now consolidating its gains, with a support at $54,500. The first crucial support is at $54,000. Below this point, the Bitcoin price might test $53,200.

On the upside, Bitcoin price seems to have a resistance near $55,500. The first main resistance is close to the $56,200 mark. If it goes above this point, the price might accelerate higher up to $57,800.

Ethereum Price

Ethereum price seems to have settled above the $3,500 pivot. However, ETH is struggling to go above $3,550 and $3,580 levels. The next crucial resistance point is now near $3,620. Above this point, the price could reach the $3,750 level.

On the downside, there is a support near $3,450 and $3,440 support levels. The next main support is near $3,400. Below this point, ETH price could test $3,350.

ADA, XRP, DOGE, and LTC and Price

Cardano (ADA) failed to cross the $2.25 resistance level and is trading above the $2.20 mark with some positive signs. If the bears become persistent, ADA price might move towards $2.12. The next main support is near the $2.05 level.

XRP price is consolidating above the $1.05 mark. On the upside, XRP price has a resistance near $1.10. If the price goes above this level, it could set the pace and move towards $1.20. In case of a drop, XRP price could test $1.00.

Dogecoin (DOGE) went above the $0.250 and $0.265 resistance levels. However, the price failed to test the $0.280 resistance mark and corrected lower. Dogecoin is now trading just below $0.250 and might move down towards the $0.232 support.

Litecoin (LTC) could not climb above the crucial $175 resistance level but later went up. The next crucial resistance is near $185 and $188. In case of a clear break above $188, LTC price could move higher to the $200 mark. On the downside, the $172 level should be a decent support.

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Wilfred (founder of CryptocurrencyIsh) is a content marketing professional and cryptocurrency enthusiast. He believes that cryptocurrencies and blockchain technology hold the key to the future. His main interest is in altcoins and NFTs. When he is not writing cryptocurrency news, he enjoys writing about travel topics.

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