Bitcoin and Major Cryptocurrencies Show Signs of Strength With Price Breakouts
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Bitcoin broke above $38,000 resistance, indicating positive sentiment and pressure from bulls. Major events like 2023 halving and spot BTC ETF applications could drive further gains.
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Ethereum pierced through overhead resistance, suggesting start of next leg up towards $2,200 first target. Bullish view stays intact unless price drops below $1,900 support.
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BNB faced resistance at 20-day MA around $239. Short-term trend turns negative if price closes below $223 support. Rangebound action likely between $223 and $265.
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XRP trying to overcome 20-day MA resistance at $0.62 to signal upside towards $0.67 and $0.74 hurdles. Failure could lead to sharper fall to $0.46.
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SOL attempting break above $59 barrier for two days. Sustained move above it could open rally towards $68. Support at 20-day MA near $52.80.