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Price Analysis-Bitcoin Makes New Record And Hit 29000 USD, XRP Rises Above $0.20, ETH Above $740

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After a surge in crypto prices, Bitcoin price spiked above $29,000. BTC is now trading at a new record level near $28,900.

Similarly, there was a small relapse in most large altcoins. ETH/USD went above the $ 745 mark, but again failed to keep up from the resistance of $745 and tested another $720. Conversely, XRP/USD recovered 10% and consolidated above $0.20.

Bitcoin price

There was a decent rise in the Bitcoin price above the resistance level of $28,000. BTC even broke the levels of $28,400 and $28,500. The price traded at a new record level near $29000. The significant supports for Bitcoin is in the $27,250 to $27,500 range. 

Ethereum Price

Ethereum price followed Bitcoin and traded above the $740 level. There was a breakthrough above the $750 resistance level. ETH then corrected below $735, but now ETH is trading above $ 740. The initial support of ETh is at $720. The next big support can be seen near the level of $705.

On the upside, the price faces a major hurdle near the levels of $740 and $745. A clear breakthrough above $745 could open the doors for a steady rise to the levels of $760 and $775.

Bitcoin Cash price

Bitcoin Cash price trades near the level of $350, with initial support near the level of $342. The next major support is near the $330 level. The current price action suggests that BCH could attempt an upward breakthrough above the levels of $360 and $365 in the short term.

Litecoin Price

Litecoin (LTC) corrects gains below the $130 level. LTC tests the level of $125, with large support of $120. If there is more price fall, the price can test the support level of $112. On the other side, the price could attempt another breakthrough above the levels of $130 and $132.

Xrp Price

XRP price started a recovery above $0.195 and $0.200 resistance levels. The price is now trading above the $0.210 level. To stay higher, the bulls need to get stronger than the levels of $0.225 and $0.232. The next big resistance could be close to $0.250.

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Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown has obtained his master's degree in Stock Trading And Investing. His specialty is analyzing the price actions of crypto and stock markets. Albert provides a major role in TheCryptoBasic as a crypto analyst. He is also known for his work on Twinkle Magazine and TipRanks.

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