Cryptocurrency market October 19: Bitcoin hits $ 63,000, Ethereum and Altcoins gain momentum

Cryptocurrency market on October 19th according to cryptonew: Bitcoin price corrected below USD 62,000 and USD 61,000. The downside, however, has been limited as BTC is currently bullish at 04:43 UTC and it appears that the bulls are aiming for a break above the USD 63,000 resistance area.

Also, most of the major altcoins are traded above major supports. ETH could accelerate if it breaks through $ 3,880 and $ 3,920. XRP is still encountering resistance near $ 1.12 and $ 1.15. ADA is stuck between $ 2.10 and $ 2.20.

Cryptocurrency Market October 19th: Bitcoin Price

After a slight downward correction, Bitcoin price began to surge again above $ 61,500. BTC even climbed above the USD 62,000 and USD 62,200 resistance levels. It is currently facing resistance near the $ 63,000 mark. The next major resistance is at $ 63,200, above which a rally to $ 65,000 is possible.

On the flip side, the initial support is at $ 62,000. The first major support is at $ 61,200, below which a return to the $ 60,000 region is possible.

Cryptocurrency Market October 19th: Ethereum Price

Ethereum price remains high above the $ 3,650 support area. A base was formed and the price broke the USD 3,750 resistance. The price is currently showing positive signs above $ 3,800. The next major resistance is at $ 3,880, above which the bulls can test $ 4,000.

If there is another downward correction, the price could find support near $ 3,780. The first major support is now forming near the $ 3,750 level.

Cryptocurrency Market October 19: ADA, LTC, DOGE and XRP prices

Cardano (ADA) is trading in a range above the $ 2.10 level. It appears to be facing a major hurdle near the $ 2.20 mark. If there is a significant break above $ 2.20 the price could move higher. In this case, the price can go up to $ 2.35.

Litecoin (LTC) accelerated above the $ 185 resistance area. The bulls have even broken the USD 188 resistance area and opened the door for further uptrends. The next stop for the bulls could be at $ 200. Any further gains could pick up the pace towards USD 220.

Dogecoin (DOGE) is up more than 5% and can break the USD 0.250 resistance. Immediate resistance is near $ 0.265. The next major resistance is near $ 0.280, above which a rally to $ 0.300 is possible. On the downside, the $ 0.232 level is a good support.

The XRP price is facing hurdles near the $ 1.12 mark. The next major resistance is at $ 1.15. A closing price above $ 1.15 could increase the chances of a move above $ 1.20. On the downside, the $ 1.05 level is a major support.

Cryptocurrency Market October 19th: Another Altcoin Market

Several altcoins are on the rise, including ICX, ZEN, BNB, NEXO, ZEC, KSM, CAKE, FTM, and OHM. Of these, FTM and OHM increased by 9% and 15%, respectively.

Overall, Bitcoin price is showing positive signs above the $ 62,000 threshold. If BTC clears $ 63,000, it could surge to $ 64,200 or even $ 65,000 in the near future.

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