On Monday, Bitcoin remained bullish as it continued to post gains at the $61,000.00 level. Meanwhile, altcoins mixed on the trading market.
Accordingly, the market-leading cryptocurrency’s price per token surged 1.46% to $61,925.81 with a 24-hour change of $889.94.
As of writing, it stands with a market capitalization of $1.17 trillion. Also, it holds a 24-hour volume of $962.97 million with a $59,540.74 low and $62,200.00 high.
Earlier, it touched a new all-time high near $66,982.00 before a downside correction. Subsequently, it traded lower under $65,000.00 and $63,250.00 support levels.
Additionally, a break formed below the $62,000.00 support zone and the 100 hourly simple moving average. Then, the virtual currency plummeted beneath the $60,000.00.
Correspondingly, there is a low along with the $59,610.00 level. At the same time, Bitcoin consolidated losses.
Moreover, there is a recovery wave beyond the $60,500.00 and $61,000.00 levels.
Remarkably, it crossed the 23.60% Fibonacci retracement level of the downtrend motion from the $66,982.00 high to $59,610.00.
On the hourly chart against the US dollar, there is a break above a main bearish trend line with resistance alongside $61,000.00.
Currently, Bitcoin faces resistance near the $62,000.00 level and the 100 hourly simple moving average. A breach above the $62,000.00 resistance could lead to new price gains.
Furthermore, the subsequent major resistance is at the $63,250.00 level. It is near the 50% Fibonacci retracement level of the downtrend motion from the $66,982.00 high to $59,610.
Additionally, a significant increase could push Bitcoin to the $64,000.00 level where the major resistance is $65,000.00.
Cryptocurrencies Mixed as Bitcoin Stayed Bullish
Likewise, Ethereum strengthened 1.07% to $4,126.49 with a market capitalization of $484.77 billion and a 24-hour volume of $793.88 million.
Also, Chainlink hiked 1.17% to $30.57. It has a market capitalization of $30.56 billion and a 24-hour volume of $101.69 billion.
It is the same with Ripple’s XRP as it edged up 0.64% to $1.09. It has a market capitalization of $109.08 billion and a 24-hour volume of $3.51 billion.
Inversely, Litecoin dwindled 1.12% to $193.24 with a market capitalization of $13.30 billion and a 24-hour volume of $71.04 million.
Consequently, Bitcoin Cash shed 0.10% to $621.10 with a market capitalization of $11.73 billion and a 24-hour volume of $22.26 billion.
Similarly, Cardano fluctuated 0.30% to $2.14 with a market capitalization of $69.29 billion and a 24-hour volume of $169.77 billion.
