Bitcoin and ETH Price Prediction: Recovery Faces Barrier, ETC Bulls Aim $32

Key Insights:

• Bitcoin is slowly moving higher towards the $21,750 resistance zone.
• Ether (ETH) is now facing a major barrier near $1,500.
• ETC is gaining pace and might accelerate higher towards the $32 level.

Bitcoin

Recently, bitcoin price extended losses below the $21,000 level. However, the bulls were active near the $20,740 level. The price formed a base and started a recovery wave above $21,000.

The price was able to clear the $21,250 level and the 21 simple moving average (H1).  There was a move above a connecting bearish trend line with resistance near $21,200 on the hourly chart. Bitcoin is now facing a major resistance near the $21,750 level.

A clear move above the $21,750 resistance might start a steady increase towards $22,000, above which bitcoin could rise towards $22,500. On the downside, the previous resistance at $21,000 might act as a support.

Ethereum (ETH)

ETH outperformed and rallied above the $1,400 resistance zone. The bulls even pumped the price above the $1,450 level and the 21 simple moving average (H1).

There was a move above a key bearish trend line with resistance near $1,400 on the hourly chart. The price is now trading near the $1,480 level. On the upside, there are many hurdles forming near $1,500. A close above the $1,500 level could start anther increase and the price might test $1,565.

On the downside, there is a key support forming near the $1,450 level, below which the price might resume its decline.

Ethereum Classic (ETC)

ETC found support near the $12.60 level after a major decline. A base was formed near $13 and the price started a recovery wave.

The price was able to clear the $20.00 resistance. Besides, there was a break above a key bearish trend line with resistance near $20.50 on the daily chart. ETC consolidated above the trend line for some time before there was a fresh increase.

Recently, ETC gained over 15% and was able to clear the $25 resistance zone. The next major resistance is near the $27.50 level, above which the price may perhaps rise towards the $32 resistance.

If there is no upside break, the price could start a downside correction below $25. The next major support sits near the $22 level.

ADA, BNB, and DOT price

Cardano (ADA) is up over 3% and there was a move above the $0.465 resistance. The next major resistance sits near $0.48.

BNB was able to clear the $255 resistance. On the upside, the bears might remain active near the $265 level.

Polkadot (DOT) is slowly moving higher towards the $7.00 resistance. A clear move above $7.00 could set the pace for a move to $7.35.

A few trending coins are MATIC, BNB, and LDO. Out of these, LDO is up over 20% and might rise towards the $1.70 level.