On Thursday, September 23, Bitcoin rebounded from its sharp fall earlier this week which drove altcoins up. Also, Ethereum bounced back to $3K after yesterday’s $2K drop.
The world’s largest cryptocurrency by market cap spiked 4.68% to $44,161.50 with a 24-hour change of $1,972.60.
Currently, Bitcoin has a market capitalization of $831.26 billion. It has a 24-hour volume of $1.25 billion with a low of $41,837.47 and a high of $44,176.50.
Fortunately, it rose from the $42,000 level where it sharply fell. Then, it established a support base and began rising above $42,500.
In addition, there was a snap over a major bearish trend line with resistance near $42,500 based on the BTC/USD pair hourly chart.
Then, the pair advanced higher above the resistance levels of $43,000 and $43,500. Besides, it even appraised the level of $44,000.
However, the bulls are still having a hard time regaining Bitcoin’s robustness beyond $44,000.
Favorably, BTC price just climbed above $44,000 at the time of writing, and the 100 hourly simple moving average.
In addition, it tested the 23.6% Fibonacci retracement level of the previous surge to $44,024 high from $39,579 low.
On the positive side, a prompt resistance is just about the $44,000 level. Afterward, its first major support is near the level of $44,200 and the 100 hourly simple moving average.
An analyst stated that the clear break over the levels of $44,000 and 44,200 could ignite a robust upward movement.
He added that Bitcoin’s next major resistance is just about the $45,000 zone where the price could spike heading to the resistance of $47,000.
Crypto Climbed as Bitcoin Rose
Furthermore, Ethereum also rebounded and boosted 7.33% to $3,074.04. It has a market cap of $362.01 billion and a 24-hour volume of $22.63 billion.
Likewise, Litecoin jumped 5.49% to $159.85 with a market cap of $10.68 billion and a 24-hour volume of $2.35 billion.
Consequently, Bitcoin Cash increased 5.09% to $543.74 with a market cap of $10.26 billion and a 24-hour volume of $5.51 billion.
The same with Uniswap which progressed 8.41% to $21.49. It has a market capitalization of $13.16 billion and a 24-hour volume of $434.09 million.
Also, Polkadot soared 14.41% to $31.36 with a market cap of $31.12 billion and a 24-hour volume of $2.63 billion.
Additionally, Cardano smashed 9.66% to $2.24 with a market cap of $71.96 billion and a 24-hour volume of $4.62 billion.