Crypto Currency News

Bitcoin price: BTC does not show great movements and remains around USD 59K

All the major altcoins posted daily increases over 3% except for BTC

Bitcoin (BTC) did not show large movements in the last 24 hours and remains in the zone of $ 58.8K-59K. The leading crypto currency has once again found itself facing the 60K barrier, which it has not managed to overcome since March 13, when it registered its maximum price above $ 61,200. At the close of this note, the price of BTC is $ 58,865.

Today, more than ever, the resistance of the 60K has been demonstrated. All the major altcoins posted daily increases of over 3% except for BTC. Cardano (ADA) also had a poor 0.5% rally that pushed its price to $ 1.20.

The specialists project that, in case of managing to overcome the resistance in the next days, BTC will face three new difficult levels: 64, 66 and 68 thousand dollars. In analysis, it assumes, among other things, that the maturity of the 60K will be accompanied by an increase of more than 5%.

Regarding support levels, traders could face the same as last week. The gap between 50 and 58 thousand dollars – with supports at $ 54,000 and 52,000 – appears as the most immediate bearish scenario.

Ethereum (ETH), the benchmark altcoin, rose again by 3% and continues the bullish momentum with which it opened the week. The second largest crypto currency in the market, which for weeks could not break the barrier of $ 1,800, has managed to establish above $ 1,900, and at press time it reaches $ 1,957.

Binance Coin (BTC), for its part, again surpassed Tether (USDT) in market capitalization after a new jump of 6.6%, which took its price above $ 326.

Polkadot (DOT) and XRP posted gains of 3% and are trading at $ 38 and $ 0.57, respectively. Litecoin (LTC) jumped more than 5% and is above $ 204.
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The big surprise of the day was led by Filecoin (FIL) with an extraordinary rally of 28% in the last 24 hours, which brought its price to $ 229 and displaced Chainlink from the top ten crypto currencies. LINK, however, grew more than 11% and exceeded $ 30.

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