SAWT BEIRUT INTERNATIONAL

| 6 December 2021, Monday |

Bitcoin and Ethereum Move Higher, CRO Rallies

Bitcoin price formed a base above the USD 63,500 level and started a fresh increase. BTC broke the USD 65,500 resistance and is currently (04:30 UTC) facing resistance near USD 66,000. A close above this level might start a steady increase in the near term.

Besides, most major altcoins are showing positive signs. ETH is gaining momentum and it could even surge above USD 4,750. XRP is stable above USD 1.20, but it is facing resistance near USD 1.22. ADA could struggle near the USD 2.12 resistance.

Bitcoin price

After a downside correction, bitcoin price started a fresh increase above USD 64,000. BTC gained pace above the USD 65,000 level and it might continue to rise. On the upside, the price is facing resistance near USD 66,000. The next major resistance is now forming near the USD 66,250 level, above which the price might gain bullish momentum. In this case, BTC could test the weekly barrier at USD 68,000.

On the downside, an initial support is near the USD 65,500 level. The next key support is near the USD 65,000 level, below which the price might test USD 64,200.

Ethereum price

Ethereum price is showing positive signs above the USD 4,650 level. ETH is consolidating above USD 4,700. An initial resistance is near the USD 4,750 level. The main hurdle is near USD 4,800. A close above USD 4,800 is needed for a fresh increase in the near term.

On the downside, an initial support is near USD 4,650. The key weekly support is near USD 4,550 below which the price might test USD 4,400.

ADA, BNB, SOL, SHIB, and XRP price

ardano (ADA) is consolidating near the USD 2.00 level. It is facing resistance near the USD 2.05 level. A close above USD 2.05 may perhaps start a steady increase in the near term. If not, the price might decline towards the USD 1.92 level.

Binance coin (BNB) is gaining pace above the USD 635 resistance level. It is trading above USD 650, with an immediate resistance near the USD 655 level. The next key resistance is near the USD 675 level, above which the price could start a steady rally.

Solana (SOL) is rising and trading above USD 240. It is facing resistance near the USD 245 and USD 250 levels. A close above USD 250 could push the price towards USD 265. On the downside, the main support is at USD 235.

SHIB is consolidating near the USD 0.0000525 level. An immediate hurdle is near the USD 0.0000535 level, above which the price might test USD 0.000055 level. Conversely, there is a risk of a fresh drop towards the USD 0.000050 level.

XRP price is stuck near the USD 1.20 level. If there is a steady increase, the price could test the USD 1.22 resistance. The next major resistance is near USD 1.232, above which the price might rise towards the USD 1.25 level.

Other altcoins market today

Many altcoins are up over 5%, including WAXP, CRO, ANKR, LEO, KCS, LRC, LTC, CHZ, MANA, AVAX, and ENJ. Out of these, CRO gained 13% and broke the USD 0.46 level.

Overall, bitcoin price is showing bullish signs above the USD 65,000 level. If BTC settles above USD 66,000, there are chances of a stronger move towards USD 68,000.