Bitcoin price extended its decline below USD 45,000, but downsides were limited. BTC is back above USD 45,000 and it is currently (13:00 UTC) showing positive signs. If the price stays above USD 45,000, there are chances of a steady rise towards USD 47,000.
Besides, most other major altcoins are trading in a steady uptrend. ETH/USD traded to yet another new all-time high near USD 1,840 and it is correcting gains. XRP/USD is holding gains above USD 0.465, but it is still facing hurdles near USD 0.500.
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After a break below USD 45,000, bitcoin price recovered higher. BTC is now trading above USD 45,500 and it is showing a few positive signs. If there are more upsides, the bulls might test the USD 47,000 resistance level. Any more upsides might open the doors for a move towards the USD 48,000 level.
If there is a downside extension, the price might remain stable above USD 44,500. The next key support is near USD 43,200 level.
Ethereum price extended its rise above the USD 1,830 level and it traded to a new all-time high near USD 1,840. ETH is currently correcting lower and it is now holding the USD 1,750 support zone. The next major support is near the USD