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Cryptocurrency Market Oct 4th: Bitcoin and Ethereum Expand Profits

Cryptocurrency Markets Oct 4th by cryptonew: Bitcoin price has expanded gains above the $ 46,500 and $ 48,000 resistance levels. BTC even broke the $ 49,200 mark, but there was no test of $ 50,000. At 04:31 UTC, BTC corrects down and trades below USD 48,000.

Similarly, most major altcoins revise lower. ETH fell lower after failing to test the $ 3,500 resistance level. XRP was able to settle above the pivot level of USD 1.00. ADA rose to $ 2.32 before correcting lower.

Cryptocurrency Market October 4th

Cryptocurrency Market October 4th: Bitcoin Price

After the Bitcoin price closed above $ 46,500, it expanded its upward momentum. BTC has broken the $ 48,000 and $ 48,500 resistance levels. The price even soared to over $ 49,000 and tested $ 49,250. It is currently correcting downward and trading below $ 48,000. On the flip side, the immediate support is at $ 47,200. The first major support is currently forming near the $ 46,500 mark.

The immediate hurdle is near the $ 48,000 mark. The next major resistance is near the $ 49,250 level above which the price could test the major $ 50,000 resistance level.

Cryptocurrency Market October 4th: Ethereum Price

Ethereum price climbed above the USD 3,150 resistance level. ETH even broke the USD 3,380 resistance but failed to test the USD 3,500 zone. A high was formed near $ 3,480 before a downward correction. It’s currently trading at $ 3,320, with immediate support at $ 3,250. The main weekly support is at $ 3,200.

On the flip side, initial resistance is near the $ 3,420 level. The main resistance is currently near the $ 3,480 and $ 3,500 levels.

Crypto Market October 4th: ADA, LTC, DOGE and XRP prices

Cardano (ADA) picked up speed, surpassing the $ 2.20 mark. It even surged above $ 2.30 but failed at $ 2.32. The price is back below the $ 2.20 level but the bulls could remain active near the $ 2.12 level. The next big support is near $ 2.05

Litecoin (LTC) rose above the USD 155 and USD 165 resistance levels. It tested the $ 175 level before correcting down. It is currently trading near $ 165 with initial support at $ 160. The main breakout support is now forming at $ 155.

Dogecoin (DOGE) broke the USD 0.212 resistance. It even broke the $ 0.220 level, but there was no bullish continuation. Price is consolidating near $ 0.215 with much support on the downside near $ 0.212 and $ 0.205.

XRP price accelerated to break above key resistance at $ 1.00. It even broke the $ 1.05 mark but struggled for $ 1.08. XRP is currently consolidating over $ 1.

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 4th: Another Altcoin Market

Several altcoins are up more than 5% including AXS, DYDX, ALGO, TEL, HNT, CRV, HOT, SHIB, XTZ and EOS. Of these, AXS rose 25% and broke the $ 135 mark.

Overall, Bitcoin price is trading in a positive zone above $ 47,000. A downward correction is possible in the short term, but the bulls can stand near $ 45,500 or $ 45,000.

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Several altcoins are up more than 5% including AXS, DYDX, ALGO, TEL, HNT, CRV, HOT, SHIB, XTZ and EOS. Of these, AXS rose 25% and broke the $ 135 mark. Overall, Bitcoin price is trading in a positive zone above $ 47,000. A downward correction is possible in the short term, but the bulls can stand near $ 45,500 or $ 45,000.

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.