Cryptocurrency market on October 20th by cryptonew: Bitcoin price is still well supported over USD 62,000. BTC has broken several barriers near $ 63,500 and $ 64,000. It is currently rising (04:25 UTC) and could test the USD 65,000 resistance area for a short time.
Most of the major altcoins struggle to track Bitcoin. ETH stays below the $ 3,950 and $ 4,000 resistance levels while XRP stays around the $ 1.10 mark. ADA trades below the $ 2.18 and $ 2.20 resistance levels.
After the Bitcoin price closed above $ 62,000, it was able to continue its rally. The price was able to break through the $ 63,500 and $ 63,800 resistance levels. It is currently facing resistance near the $ 64,000 mark. The next major resistance is at $ 64,200, above which a rally to $ 65,000 is possible.
On the flip side, the initial support is at $ 63,500. The first major support is at $ 63,200, below which the price could test the $ 62,000 support.
Ethereum price appears to be consolidating above the USD 3,750 support area. The price is currently trading above $ 3,800 and can climb to $ 3,880. A significant break above $ 3,880 could accelerate earnings towards $ 4,000 in the short term.
If there is no interruption above $ 3,880, the price could correct downward. The first major support is now forming near the $ 3,780 level.
Cardano (ADA) is consolidating above the $ 2.05 and $ 2.08 support levels. Key resistance remains near the $ 2.18 and $ 2.20 levels. A clear break above USD 2.20 towards USD 2.40 could be possible. The intermediate resistance is $ 2.32.
Litecoin (LTC) is trading above the USD 180 support. The immediate hurdle is $ 188, followed by $ 192. A significant break above $ 200 could open the door for a move towards the $ 220 and $ 225 levels in the upcoming sessions.
Dogecoin (DOGE) is down nearly 4% and is consolidating below the $ 0.250 resistance. A further spike above $ 0.250 can push the price to $ 0.265. The next major resistance is near $ 0.280. On the other hand, $ 0.232 is a major support. The next major support is near the $ 0.220 level.
XRP price sticks below the $ 1.12 and $ 1.15 resistance levels. The main resistance is at $ 1.20. A close above $ 1.20 could pave the way for a bigger rally. Otherwise, the price could fall into the USD 1.05 support area. The main support tier is $ 1.00.
Many altcoins are up more than 5%, including OKB, KCS, XDC, NEAR, AR, HT, HBAR, ATOM, FTM, ONE, LUNA, and MANA. Of these, OKB gained 26% and topped the $ 20 mark, bringing weekly earnings to nearly 29%.
Overall, Bitcoin price is rising and trading above $ 63,500. If BTC clears $ 64,200, it could spike to $ 65,000 or even $ 65,500 in the near future.
Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.
Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Bybit Proof of Reserve reveals BTC holdings at 50,412 (-8.55%), ETH at 525,641 (+8.11%), and…
Key Points: Bitcoin Spot ETF Inflows totaled $449M, led by BlackRock’s $1.45B contribution. Ethereum Spot…
Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…
Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…
VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…
President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.
This website uses cookies.