The price of Bitcoin held up very well and also moved above the $23,000. At the time of writing, the price is above $ 23,400, which is an increase of 2% in the last 24 hours and 13% in a week.
Most of the larger altcoins behaved similarly. Ethereum rose by almost 9% and was able to climb above the $ 1,600. XRP rose above $0.40 and ADA is back above $0.50.
If Bitcoin continues to hold and also rises, the next big resistance is at $ 24,500.
On the other hand, an initial support is at $23,000. The next larger one is $ 22,500.
Ethereum has formed a base at $1,500. ETH has risen by almost 9% in one day and by 35% in a week. The next major resistance is at $ 1,650, above which the price could then go to $ 1,720.
Support for ETH is $1,580. The next big one is at $1,550.
Cardano could find a next resistance at $0.525, a support is at $0.465.
Binance Coin (BNB) is above $262. At $ 272, it could be interesting for BNB, above which an increase to $ 288 is possible.
Solana has risen by over 7% and is above $ 43. The next major resistance is close to $ 45,50, above which the price could rise to $ 48.
DOGE has made it back above the $0.07000 and is slowly approaching the $0.072. At $0.075 there is a resistance before it could reach the $ 0.80.
XRP is moving towards the $0.38. The next resistance is at $ 0.40, above which there may be a stronger increase.
As long as Bitcoin holds up and also rises, this will have a positive effect on the crypto market.