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Bitcoin price is surging and has broken the key resistance area of ​​$7,250. Ethereum has rallied more than 15% to $175 and XRP is currently trading above $0.200. Many Altcoins have gained more than 15%, including VET, DGTX, DGB, MATIC, LINK and DGD.

Over the past few sessions on the primexbt exchange, bitcoin price has surged above the $7,000 resistance area. BTC/USD breaks through the $7,250 resistance area and is in an uptrend. The next levels on the upside are near $7,550, $7,650, and $7,800.

Additionally, nearly all major altcoins have gained more than 8%, including Ethereum, XRP, Litecoin, Bitcoin Ccash, BNB, EOS, TRX, ADA, and XLM. ETH/USD performed well and jumped above $160 and $170. Besides, XRP/USD also broke through the $0.188 and $0.200 resistance levels.

Bitcoin price

After successfully closing above $7,000, Bitcoin price gained bullish momentum. BTC/USD rose above the $7,120 and $7,250 resistance levels. The price is up more than 5% and is likely to test the $7,550 resistance in the coming sessions. The next major resistance is near $7,650.

If the situation is positive, the previous resistance at $7,120 could become support. The critical support is currently near $7,000, where the bulls are likely to take a stand.

See more: FATF: The US has not focused much on hedging crypto-financial risks

Ethereum Price

Ethereum is showing a lot of positive signs, namely it has increased by almost 20% recently. ETH/USD has broken through levels near $160 and is currently trading above $170.

Current resistance is near $175, above which a rally to $184 and $185 is likely. On the downside, initial support is near $168, below which a correction towards $162 and $160 is likely.

Bitcoin Cash, Litecoin and XRP Prices

Bitcoin Cash price is up more than 8% and has been able to break through the $240 resistance. BCH/USD is currently trading comfortably above the $250 barrier and is likely to continue higher. The next resistance area is near $265, above this level, the bulls are likely to test the $280 level.

Litecoin rallied nearly 12% and broke the $42.50 and $45.50 resistance levels. LTC/USD is currently trading above $46.00 and is likely to test the $48.50 resistance area. And the price is likely to reach the level of 50.00 USD if it continues to rise.

XRP price gained bullish momentum after breaking the $0.188 resistance area. XRP/USD even broke through the key $0.200 resistance area and it looks like the price could continue higher. The next key resistance on the upside is near $0.212.

Current price of other Altcoins

In the past three sessions, many Altcoins have gained more than 10%, including VET, DGTX, DGB, MATIC, LINK, DGD, XTZ, EOS, QNT, SNX, OMG, MIOTA, XLM and ADA. Among these, VET has increased by more than 18% and DGTX has increased by nearly 16%.

Overall, Bitcoin price is upbeat again and is accelerating above the $7,250 level. If BTC/USD bulls remain active above $7,350, it is more likely to test the $7,550 resistance area.