September 30, 2022 12:18 AM ET
By: AnalysisWatch
The Bitcoin price has settled above the $19,000 level. BTC is currently (03:10 UTC) consolidating above the $19,200 level. A clear rise above the $19,500 and $19,600 resistance levels could trigger a renewed surge.
Similarly, most major altcoins could see a decent rise. ETH seems to be targeting an upside breakout above $1,340 and $1,350. XRP gained momentum and broke above the $0.48 resistance zone. ADA is still stuck near the $0.435 level.
Yesterday, the bitcoin price started a recovery wave above the $19,000 mark. BTC even managed to hold above the $19,200 level and the 50-hour simple moving average. However, the price is facing major resistance near the $19,600 zone. A clear rise above $19,600 could push the price to $20,000. The next major resistance is at $20,500, above which the price could return to the $21,200 area.
On the downside, initial support is at the $1,315 level. The next important support is at $1,300, below which prices could fall to $1,255. ADA, BNB, SOL, DOGE, and XRP prices.
Cardano (ADA) is stable near the level of $0.435. Immediate resistance is located at $0.442. The first major resistance is near the $0.45 zone, above which the price could gain upward momentum.
Solana (SOL) is gaining momentum above the $33.50 resistance. The price is now approaching the $35 resistance level. If the bulls stay in action, the price could overcome the $35 level and rise towards $36.50.
The XRP price formed a base and started a new rally above the $0.45 resistance. The price has overcome the $0.48 resistance and could continue to rise towards the $0.50 level in the near future. Today's market for other altcoins
Overall, the bitcoin price is holding its gains above the critical $19,000 mark. If BTC overcomes the $19,600 mark, it could rise towards the $20,000 mark or even $20,500.