The past week has seen bitcoin price extending its decline. It even managed to trade below the USD 10000 support.BTC/USD tested the USD 9500 support area, which was as of recent facing an upside correction. However, there are many essential hurdles on the upside near the USD 10,850 and USD 11,000. Similarly, there was an active recovery in many altcoins, including Ethereum, Ripple, EOS, Litecoin, Binance coin, bitcoin cash, and stellar. ETH/USD jumped more than 8% and even broke USD 200. XRP/USD surpassed the USD 0.280 resistance, but it is still well below the key USD 0.300 resistance.
After a substantial decline, bitcoin price recovered and formed a decent support base near the USD 10,000 level. BTC/USD started a solid rebound and surpassed the USD 10,200 and USD 10,500 resistance levels. The price is now trading above the USD 10,650 level, with an active weekly resistance near USD 10,800 and USD 11,000.
To start an uptrend and move into a positive zone, the price must settle above the USD 11,000 level. Should the price fails to continue higher, it could decline again. Immediate support is near the USD 10,500 level, below which the price might revisit USD 10,000.
Ethereum price gained bullish momentum above the USD 185 and USD 190 resistance levels in the past few sessions. ETH/USD even broke the USD 195 resistance and is currently trading near USD 200. Immediate resistance is at USD 202, followed by the weekly resistance at USD 210.
If the price fails near USD 202 or USD 210, it could trim gains and move back towards the USD 190 support level. The primary weekly support on the downside is near the USD 185 level.
Bitcoin cash price found support near the USD 300 level and recently started an upward move. BCH/USD is up around 6%, and it broke the USD 310 and USD 320 resistance. The next outstanding resistance is near USD 340. Should the price fails to continue higher, it could retest the USD 300 support area.
EOS found support near the USD 3.500 level. The price recovered more than 6% and traded above the USD 3.700 resistance. However, there are many critical resistances near USD 3.850, followed by the weekly hurdle near the USD 4.000 level.
Ripple price gained a robust bullish momentum above the USD 0.250 and USD 0.270 resistance levels. XRP/USD is up around 8%, and it is trading near the USD 0.285 level. The primary resistances are near USD 0.292 and USD 0.300, above which the price is likely to start a solid rally towards USD 0.320.