Bitcoin price is showing positive signs above USD 62,500.
Ethereum is facing resistance near USD 3,880, XRP is holding the USD 1.05 support.
BNB gained over 5% and neared USD 500.
Bitcoin price corrected lower below USD 62,000 and USD 61,000. However, downsides were limited and BTC is currently (04:43 UTC) rising and it seems like the bulls are aiming for a break above the USD 63,000 resistance zone.
Besides, most major altcoins are trading above key supports. ETH could gain pace if it clears USD 3,880 and USD 3,920. XRP is still facing resistance near USD 1.12 and USD 1.15. ADA is stuck between USD 2.10 and USD 2.20.
Bitcoin price
After a minor downside correction, bitcoin price started a fresh increase above USD 61,500. BTC even climbed above the USD 62,000 and USD 62,200 resistance levels. It is now facing resistance near the USD 63,000 level. The next major resistance is near USD 63,200, above which the price could rise towards the USD 65,000 level.
On the downside, an initial support is near USD 62,000. The first major support is near USD 61,200, below which the price might revisit the USD 60,000 zone.