Crypto Market October 21, 2021: Bitcoin Consolidated As Ethereum And Altcoins Rise

Cryptocurrency Market October 21 by cryptonew: The Bitcoin price has formed a base above USD 62,000 and initiated a renewed increase. BTC rebounded above $ 65,000 and $ 66,000 before correcting below $ 65,000. At 04:27 UTC, BTC is back above this level, while new declines are likely to stay below $ 63,500 in the near future.

Also, most of the big altcoins are starting a new rally. ETH is up nearly 9% and has broken the $ 4,000 resistance. XRP exceeded $ 1.12, but has a hard time getting above $ 1.15. ADA rises above the resistance area of ​​$ 2.20.

Cryptocurrency Market October 21, 2021: Bitcoin Price

After falling slightly, Bitcoin price started a new rally above $ 63,000. BTC rose to over $ 65,000 and $ 66,000. A new all-time high above $ 67,000 was formed prior to a downward revision. On the flip side, the initial support is at $ 64,200. The first big support is at $ 63,500, below which the price could test the $ 62,500 support.

If it rallies again, the price could encounter resistance near $ 65,500. The next major resistance is at $ 66,000, above which a pullback to $ 67,000 is possible.

Cryptocurrency Market October 21, 2021: Ethereum Price

Ethereum price has started a new rally above the USD 3,880 resistance level. ETH broke the USD 4,000 resistance and expanded its gains. The price even broke the $ 4,200 mark. If it closes above $ 4,200, a short term rally to $ 4,320 is possible.

On the flip side, initial support is near the $ 4,120 level. The first major support is now forming near the $ 4,050 level below which the price can test $ 4,000.

Cryptocurrency Market October 21, 2021: ADA, LTC, DOGE and XRP prices

Cardano (ADA) broke key resistance at $ 2.20, which could push the price towards $ 2.40. The intermediate resistance is $ 2.32.

Litecoin (LTC) accelerated and broke the $ 192 resistance. As a result, the price rose above the $ 200 mark. It is up nearly 12% and is trading above $ 207. Immediate resistance is near $ 212, above which a rally to $ 220 and $ 225 is possible.

Dogecoin (DOGE) is back above the USD 0.250 level. The initial hurdle is near the $ 0.265 level. The next major resistance is near $ 0.280, above which the price can test $ 0.300. On the downside, the $ 0.250 level is the near-term support. The next major support is near the $ 0.232 level.

XRP price broke the $ 1.12 resistance and is currently facing resistance near $ 1.15. A break above $ 1.15 may push price towards the $ 1.20 resistance. Otherwise the price could correct downwards towards the USD 1.10 level. The next big support is at $ 1.05.

Cryptocurrency Market October 21, 2021: Another Altcoin Market

Many altcoins are up more than 10%, including OKB, NEXO, SOL, FLOW, ENJ, REN, XEC, HT, RUNE, CELO and QTUM. Of these, OKB gained 21% and topped the $ 25 mark.

Overall, Bitcoin price is trying to rebound above $ 65,000. In the event of further declines, the bulls can remain active near $ 63,500 and $ 63,000 for the short term.

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