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Bitcoin Faces Resistance While Ethereum and Altcoins Rise

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Bitcoin price struggled to stay above the USD 48,000 level and it started a fresh decline. BTC traded below the USD 47,500 support level. It is currently (10:00 WAT) facing an increase in selling pressure, with a major support near USD 46,200.

Conversely, many major altcoins gained bullish momentum. ETH is up over 5% and it broke the USD 3,400 resistance. XRP is also rising and it surpassed the USD 1.15 resistance. ADA could rally if it clears USD 2.88.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After struggling above USD 48,000, bitcoin price reacted to the downside. BTC traded below the USD 47,500 and USD 47,200 support levels. The price even traded below USD 46,800, but it stayed above USD 46,500. The main breakdown support is near the USD 46,200 level, below which the bears might take control.

On the upside, an immediate resistance is near the USD 47,200 level. The first major resistance is near the USD 48,000 level, above which the price might start a steady recovery towards USD 49,200.

Ethereum price

Ethereum price started a steady increase after it broke the USD 3,300 resistance. ETH even climbed above USD 3,400 and it tested USD 3,475. The price is now correcting gains, but it could find bids near USD 3,400 and USD 3,380.

If there is a fresh increase, the price might test the USD 3,500 resistance. Any more gains could open the doors for a move towards USD 3,650 in the coming sessions.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) is still stuck in a range near the USD 2.80 pivot level. An immediate resistance is near USD 2.85. The key barrier is near the USD 2.88 and USD 2.95. A close above USD 2.95 could spark a rally towards USD 3.20 or even USD 3.25.

Litecoin (LTC) climbed above USD 172 and tested the USD 175 resistance. It seems like the bulls are facing resistance near USD 175. If they succeed, the price could rise towards the USD 188 level. Any more gains may possibly lead the price towards the USD 200 level.

Dogecoin (DOGE) spiked above USD 0.280 and tested USD 0.285. However, there was no upside continuation and the price corrected lower. On the downside, the bulls are active near USD 0.265. The main breakdown support is still near the USD 0.250 level.

XRP price is up over 5% and it was able to climb above USD 1.15. The price even surpassed USD 1.18 and it might continue to rise towards the USD 1.20 resistance. Any more gains could set the pace for a larger increase towards the USD 1.25 level. If there is a downside correction, the price might find bids near USD 1.15.

Other altcoins market today

Many altcoins are up over 5%, including KSM, SAND, EGLD, AAVE, DOT, ALGO, AR, UNI, REV, YFI, WAVES, CRV, and FTT. Out of these, KSM rallied 19% and it surpassed the USD 380 level.

Overall, bitcoin price is still struggling below the USD 48,000 and USD 48,500 resistance levels. If BTC fails to stay above USD 46,500, there could be a stronger decline.

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Bitcoin Rallies Towards $52K, Ethereum Consolidates, Altcoins In Uptrend

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Bitcoin price gained bullish momentum above USD 50,000. Ethereum is consolidating below USD 4,000, XRP surged above the USD 1.30 resistance. QNT and FTM are up over 28%.

Bitcoin price remained well bid and it started a fresh increase above the USD 50,000 resistance. BTC gained nearly 4% and it even broke USD 51,500. It is currently (11:35 WAT) consolidating gains below the USD 52,000 resistance zone.

Besides, most major altcoins are also rising. ETH is holding gains, but it is facing resistance near the USD 4,000 zone. XRP is up over 6% and it broke the USD 1.30 resistance. ADA is still struggling to clear the USD 3.00 resistance zone.

Bitcoin price

After a successful close above USD 50,000, bitcoin price gained bullish momentum. BTC broke many hurdles near USD 51,000 and USD 51,200. It even traded close to USD 52,000 before the bears appeared. It is now consolidating gains below the USD 52,000 resistance. If there is an upside break above USD 52,000, the price could rise towards the USD 53,000 level.

On the downside, the price could find support near the USD 51,200 level. The main support is now forming near the USD 50,500 level.

Ethereum price

Ethereum price made another attempt to clear the USD 4,000 resistance, but it failed. As a result, ETH corrected lower below USD 3,950.

However, the bulls were active near the USD 3,850 level. The price is now consolidating above USD 3,900, with many hurdles near USD 3,980 and USD 4,000.

If there is another downside correction, the price could find support near USD 3,850. The next major support is near the USD 3,800 level.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) failed to stay above USD 3.00 and corrected lower. However, downsides were limited below USD 2.85. The price is now stuck in a range below the USD 3.00 resistance. A close above USD 3.00 could start a stronger increase.

Litecoin (LTC) broke many hurdles near USD 200 and USD 212. LTC even cleared USD 220 and it is now consolidating gains. An immediate resistance is near the USD 230 level. A clear break above USD 230 and USD 232 could open the doors for a move towards the USD 250 level.

Dogecoin (DOGE) is up over 4% and it broke the USD 0.312 resistance. The next major resistance is near the USD 0.320 level. Any more gains might lead the price towards the USD 0.335 level. If not, there might be a downside correction towards the USD 0.300 level.

XRP price gained pace above the USD 1.30 resistance. It is up over 6% and it even cleared the USD 1.32 resistance. There was a spike towards the USD 1.34 level, where the bulls faced resistance. XRP is now consolidating around USD 1.32, with support near USD 0.305 and USD 0.300.

Other altcoins market today

Many altcoins are up over 5%, including QNT, FTM, FIL, OMG, LINK, LUNA, QTUM, AMP, HT, ICP, ALGO, ATOM, CRO, EOS, and COMP. Out of these, QNT rallied over 41% and it surpassed the USD 335 level.

Overall, bitcoin price settled well above the USD 50,000 resistance zone. If BTC continues to rise and clears USD 52,000, there could be a move towards USD 53,000 or USD 53,500.

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Bitcoin Above USD 50K, Ethereum Eyes USD 4K, SOL Extends Rally

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Bitcoin price recovered losses and it climbed above USD 49,200. BTC is currently (11:46 UTC) trading above USD 50,000. A close above this level could push the price higher in the near term.

Besides, most major altcoins are trading in a positive zone. ETH regained strength and it broke the USD 3,900 level. XRP is consolidating near the USD 1.265 support. ADA could regain momentum if it settles above the USD 3.00 resistance.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After a short-term downside correction, bitcoin price started a fresh increase above USD 49,000. BTC surpassed USD 49,500 and USD 50,000. A successful close above USD 50,000 could start a fresh rally. The next major resistance is near USD 52,000. An intermediate resistance might be USD 51,200.
If there is a downside correction, the price might find support near USD 49,200. The next major support is now forming near the USD 48,500 level.

Ethereum price

Ethereum price started a fresh rally above the USD 3,800 resistance. ETH is up almost 6% and it traded close to the USD 4,000 level. If there is a break above USD 4,000, the price might rise towards the USD 4,200 level.
If there is a downside correction, the price might find bids near the USD 3,900 level. The next major support is near the USD 3,850 level.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) corrected lower below the USD 3.00 level. It even tested the USD 2.90 level and is consolidating in a range. If there is a fresh increase, the price could accelerate higher towards the USD 3.10 and USD 3.12 levels. The next major resistance is near the USD 3.20 level.

Litecoin (LTC) is gaining pace and it cleared the USD 188 resistance zone. The main hurdle is now near the USD 200 level. A close above USD 200 could start another increase. If there is a downside correction, the price might find support near USD 185. The next major support is now forming near the USD 180 level.

Dogecoin (DOGE) is struggling to clear the USD 0.300 resistance. If the bulls succeed, the price could rise towards the USD 0.312 level. The next major resistance is near the USD 0.320 level. On the downside, the price may possibly remain stable above the USD 0.280 level.

XRP price failed to clear USD 1.295 and USD 1.300. It corrected lower and it traded below USD 1.280. The price is now stuck near USD 1.265. The next major support is near USD 1.25, below which there is a risk of a major decline. Conversely, the price could visit the USD 1.30 resistance zone.

Other altcoins market today

Many altcoins gained over 5%, including SOL, REV, NEAR, CEL, AUDIO, MIOTA, AVAX, BTT, HOT, ALGO, ZIL, LINK, and ICX. Out of these, SOL rallied over 20% and it trades near USD 140.

To sum up, bitcoin price is now attempting an upside break above USD 50,000. If BTC succeeds, it could rise further towards the USD 52,000 level.

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Apple plans to loosen App Store payment policy

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Apple announced on Wednesday it will loosen some of its App Store policies, allowing media apps to steer customers directly to their websites without paying commission.

The change, to be implemented early next year, is being introduced to end an investigation by the Japan Fair Trade Commission.

The modification will spare so-called reader apps that provide digital content such as newspapers, books, music or video from having to use the App Store payment system and thus avoid paying a 30 percent commission.

“We have great respect for the Japan Fair Trade Commission and appreciate the work we’ve done together, which will help developers of reader apps make it easier for users to set up and manage their apps and services while protecting their privacy and maintaining their trust,” Apple Fellow Phil Schiller said in a blog post.

Developers of the digital content apps will be able to link to their websites where users can create or manage accounts, according to Apple.

While the change resulted from an agreement with the JFTC, it will apply globally to all reader apps at the App Store, the Silicon Valley tech giant said.

Apple has come under fire for its tight control of the App Store, where developers are required to use its payment system.

Apple charges a commission of as much as 30 percent on sales of digital content or subscriptions at the App Store, with the payment system making certain the company gets its piece of the action.

“Because developers of reader apps do not offer in-app digital goods and services for purchase, Apple agreed with the JFTC to let developers of these apps share a single link to their website to help users set up and manage their account,” Apple said in a post.

Apple last week agreed to loosen payment restrictions on its App Store, a major change announced in a settlement with small developers as the US technology giant faces growing scrutiny and legal challenges over its tightly controlled online marketplace.

The change will allow small developers to inform their customers of alternative payment options beyond the official App Store.

In a class-action lawsuit, the developers had accused Apple of monopolistic distribution practices by operating the sole gateway to get apps or other content onto iPhones and other devices powered by iOS software.

The proposed settlement is pending court approval.

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