Cryptocurrency market October 27, 2021: Bitcoin and Ethereum try to recover

Cryptocurrency Market October 27, 2021 by cryptonew: Bitcoin price struggled to break the USD 64,000 resistance area. BTC is falling and at 04:33 UTC BTC is trading above $ 61,400 after falling to nearly $ 60,000 today. A break below $ 60,000 could put the bulls under short-term pressure.

Also, most of the major altcoins are traded in a row. ETH fell before returning to $ 4,300. XRP is still trading below the $ 1.15 resistance. ADA faces strong resistance near the $ 2.20 region.

Cryptocurrency Market October 27, 2021: Bitcoin Price

Bitcoin price started falling again after a failed attempt to break the USD 64,000 resistance. BTC traded below the support levels of $ 62,200 and $ 62,000. The price is currently consolidating above the $ 61,000 mark. A bearish breakout and a closing price below $ 60,000 could trigger a bigger drop. In this case, the price can drop as low as $ 58,000.

The next major resistance is at $ 62,000, above which the price could trigger a new rally towards $ 64,000.

Cryptocurrency Market October 27, 2021: Ethereum Price

The Ethereum price rose to over $ 4,250. However, ETH struggled to continue moving up and down before returning to $ 4,300.

The next major resistance is at $ 4,350, above which a rally to $ 4,500 is possible. If it drops below $ 4,200, the price may accelerate down towards $ 4,050.

Cryptocurrency market October 27, 2021: ADA, LTC, DOGE and XRP prices

Cardano (ADA) is still encountering resistance near the $ 2.18 and $ 2.20 levels. A closing price above $ 2.20 could push the price higher. The next major resistance is at $ 2.32. Conversely, the price could fall towards $ 2.05. The next big support is near the $ 2.00 mark.

Binance Coin (BNB) is consolidating near the $ 480 mark. Immediate resistance is near the $ 490 mark. The main breakout resistance is at $ 500, above which a short-term rally to $ 520 is possible.

Solana (SOL) is consolidating near the $ 200 mark. A closing price below $ 200 can push the price down to 192. The next major support is at $ 185. On the flip side, the bears can stay active near the USD 212 and USD 215 levels.

Dogecoin (DOGE) is holding gains above the $ 0.250 level. The price will encounter resistance near the $ 0.265 level. Any further gains could move the price towards $ 0.280. Otherwise, the price may drop near the $ 0.232 level.

The XRP price trades in a range of $ 1.10 to $ 1.15. The main resistance is at $ 1.15, above which a rally to $ 1.20 is possible. Otherwise, the price may drop to the USD 1.05 support level.

Cryptocurrency Market October 27, 2021: Another Altcoin Market

Many altcoins are up more than 8%, including HOT, SHIB, HNT, ATOM, ENJ, TFUEL, YFI, THETA, SNX, NEXO and MATIC. Of these, SHIB rose 29% to reach $ 0.0005364.

Overall, Bitcoin price is trying to rebound towards USD 62,000. If the decline continues, a closing price below $ 60,000 could push BTC down in the coming sessions.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and exchange 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