October 15 cryptocurrency market, according to cryptonew: Bitcoin price is still held at a high near $ 57,000. As a result, BTC has started another surge above the USD 58,000 resistance area. At 04:13 UTC, BTC picks up steam and could even top $ 60,000 as the price spikes after a report that the U.S. Securities and Exchange Commission is poised to approve exchange-traded funds, with the first U.S. BTC futures contract beginning on the Trade.
Plus, most of the big altcoins are also moving up. ETH is up 5% to break the $ 3,800 resistance area. XRP is struggling and staying below the $ 1.20 resistance while ADA failed to hit the $ 2.20 resistance.
After a slight downward correction, Bitcoin price found support near the $ 57,000 region. BTC formed a base and began rising again above the USD 58,000 resistance level. The price even broke the $ 59,000 mark and could test $ 60,000. If the bulls remain active, further uptrends towards $ 61,200 are possible.
On the flip side, the initial support is close to $ 59,000. The next big support is at $ 58,500, below which the price could initiate a larger downward correction.
Ethereum price is rising rapidly and can break the resistance at $ 3,750. ETH even broke the USD 3,800 mark and could continue to rise in the short term. If there is a significant break above $ 3,850, the price could continue to climb towards $ 4,000.
If there is a downward correction, the price could find support near $ 3,780. The first major support is now forming near the $ 3,750 level.
Cardano (ADA) is consolidating above the $ 2.15 level. The immediate hurdle is near the $ 2.20 mark. A closing price above $ 2.20 could result in a stronger upside. The next stop for the bulls could be near the $ 2.32 level. On the other hand, $ 2.12 is a good support.
Litecoin (LTC) is showing positive signs above the $ 180 mark. The price could continue to rise if there is a significant break above the $ 185 mark. The main hurdle is $ 188, above which a rally to $ 200 is possible.
Dogecoin (DOGE) is trading above the $ 0.232 pivot level. The first major resistance is at $ 0.250. A close above $ 0.250 could open the door to a bigger rally. In this case, the price can continue to rise up to the $ 0.265 level.
The XRP price is consolidating near the $ 1.12 level. The immediate resistance is at $ 1.15. A significant break above $ 1.15 could increase the chances of a breakout above $ 1.20. On the downside, the price could find bids near the $ 1.05 level.
Many altcoins are up more than 5%, including PERP, AXS, RUNE, NEAR, SNX, UNI, DYDX, HBAR, SUSHI and BTG. Of that, AXS rose nearly 13% to hit nearly $ 138.
In total, Bitcoin price is rising over $ 59,000. The current price promotion offers the opportunity to rise above the $ 60,000 mark at short notice.
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Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.
London, united kingdom, 22nd November 2024, Chainwire
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