Bitcoin price gained bullish momentum above the USD 56,500 and USD 57,000 resistance levels.
The first key support is at USD 56,500, below which the price might test the weekly support at USD 55,000.
It seems like the bulls are in action and they are eyeing more upsides above the USD 3,100 level.
A successful close above the USD 0.400 level could set the pace for a strong increase towards the USD 0.500 level.
Many altcoins gained over 8%, including XVS, MKR, UNI, HNT, BAKE, LUNA, TFUEL, WAVES, CAKE, RVN, CHSB, ONT, HBAR, XLM, and NEO.
Overall, bitcoin price is showing positive signs above the USD 57,500 and USD 56,500 levels.