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Crypto markets October 1st: Bitcoin, Ethereum and major altcoins are stuck in a wide range

Cryptocurrency Market October 1st by cryptonew: Bitcoin price remains stable above the USD 42,500 support. BTC started another spike above $ 43,200. At 04:24 UTC, BTC is trading above $ 43,500 but is still facing a major hurdle near $ 44,400.

Similarly, most of the major altcoins trade below the major hurdles. ETH is back above $ 3,000, but the bears could stay active near $ 3,050 and $ 3,150. XRP is trading in a range below the USD 1.0 resistance. ADA is stuck between $ 2.00 and $ 2.20.

Cryptocurrency Market October 1st

Cryptocurrency Market October 1st: Bitcoin Price

After a bearish correction, Bitcoin price found support above $ 42,500. BTC started another spike in a range, climbing above $ 43,500. The immediate hurdle is near the $ 44,000 mark. The next major resistance is near the $ 44,400 level, above which a rally to $ 45,500 or even $ 46,200 is possible.

On the flip side, instant support is at $ 42,500. The main area of ​​support remains near the $ 40,800 mark, which is where the bulls may take a stand.

 

Cryptocurrency Market October 1st: Ethereum Price

Ethereum price supported near $ 2,950 and rebounded higher. ETH is currently facing resistance near USD 3,050. Key resistance remains near the $ 3,120 and $ 3,150 levels. A close above $ 3,150 could trigger a stronger rally in the short term.

If it falls again, the initial support is at $ 2,950. The first major support is currently forming near the $ 2,840 mark.

 

Cryptocurrency Market October 1st: ADA, LTC, DOGE and XRP prices

Cardano (ADA) is stuck below the $ 2.12 pivot level. The key resistance remains near $ 2.20 above which the price could rise. On the other hand, $ 2.02 is a major support. The main breakout support is at $ 2.00 below which the bears can control.

Litecoin (LTC) accelerates above the $ 150 mark. However, it will have to break the USD 155 resistance to stay higher. The next stop could be at $ 165, above that the bulls’ next target could be 188. Otherwise, a drop to $ 140 is possible.

Dogecoin (DOGE) is consolidating above the 0.200 mark. Immediate resistance is near the 0.205 level. The main resistance area is near the $ 0.212 mark. A sharp break above $ 0.212 can move the price towards $ 0.220.

The XRP price is trading well below the $ 1.00 resistance. A closing price above $ 1.00 could initiate a steady rise. On the other hand, $ 0.900 is a major breakout support. A closing price below USD 0.900 could result in heavy losses in the short term.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.

Cryptocurrency Market October 1st: Another Altcoin Market

Several altcoins are up more than 5% including OMG, VET, QTUM, AMP, MIOTA, LUNA, XTZ, AUDIO, COMP and DASH. Of these, OMG gained 12% and topped the $ 12 mark.

Overall, the Bitcoin price stabilized above the $ 43,000 level. However, BTC needs to level off above $ 44,400 to continue rising in the coming days.

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The XRP price is trading well below the $ 1.00 resistance. A closing price above $ 1.00 could initiate a steady rise. On the other hand, $ 0.900 is a major breakout support. A closing price below USD 0.900 could result in heavy losses in the short term. The XRP price is trading well below the $ 1.00 resistance. A closing price above $ 1.00 could initiate a steady rise. On the other hand, $ 0.900 is a major breakout support. A closing price below USD 0.900 could result in heavy losses in the short term. 
Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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