As a result, BTC started a fresh increase and it cleared the USD 50,000 resistance level.
The main weekly support is now forming near the USD 50,000 and USD 49,500 levels, below which the price could break USD 47,500.
The price is now consolidating near the USD 2,450 level, with an immediate resistance near the USD 2,500 level.
The next major barrier is near the USD 1.300 level, above which there are chances of an increase in the coming sessions.
Many altcoins gained over 10%, including MATIC, TFUEL, DENT, UMA, CAKE, ZEN, AAVE, AR, FTM, UNI, ICX, KLAY, SOL, LUNA, NEAR, and KSM.
Overall, bitcoin price is gaining pace above the USD 52,000 level.