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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
Image from tradingview.com

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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