Latest news on bitcoin, Ethereum, and other altcoins price analysis

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Latest Bitcoin price analysis

After a successful close above USD 16,500, bitcoin price gained bullish trend. BTC climbed above 2% and it traded around USD 16,900 level. Analysis shows that Bitcoin price is now consolidating gains, with an initial support at USD 16,600. The first major support level is now forming near the USD 16,500 level (the recent breakout zone).
On the upside, the USD 16,800 level is a short-term resistance. A clear break above USD 16,800 may perhaps leads to increase the chances of a test of a break above the USD 17,000 level.

Latest Ethereum price analysis

Ethereum price has started an upward momentum above the USD 455 and USD 460 levels. ETH is now trading above USD 465 and it is seeing a major hurdle near USD 470. A clear close above the USD 470 level might stage a solid bullish wave above USD 480 and USD 485.
On the downside, the USD 460 level is an initial buy zone for the bulls. The major support is now forming near the USD 450 level.

Bitcoin cash, Chainlink and XRP price analysis

Bitcoin cash price is up 2% and it has managed to clear the USD 250 resistance level. BCH is now seeing resistance near the USD 255 level. A successful close above USD 255 might open the door for USD 260 level. Conversely, the USD 244 and USD 242 levels could provide support.
Chainlink (LINK) recovered above the USD 12.50 level and it is now trading near the USD 12.80 resistance. The main hurdle is near the USD 13.00 level. A successful close above the USD 13.00 resistance might start a rally towards the USD 14.00 level. If there is a fresh decline, the bulls might protect the USD 12.50 support level.
XRP price rallied over 10% and it broke many barriers near USD 0.280, USD 0.285 and USD 0.292. It almost tested the USD 0.300 resistance level and it is currently correcting gains. On the downside, an initial support is near the USD 0.292 level. Any further losses might lead the price towards the USD 0.285 support.

Other altcoins market

In the past few hours, many altcoins rallied over 10%, such as RDD, CRV, YFI, AAVE, RSR, GNT, ETC, LTC, NXM, SUSHI, AVAX, SNX, and ZIL. CRV cleared the USD 0.85 resistance.
Overall, bitcoin price analysis is showing positive signs above the USD 16,500 breakout zone. If BTC remains stable above that level or USD 16,350, it could attempt a break above the USD 17,000 resistance level.

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