20 Oct 2021 · 2 min read

Bitcoin Eyes More Gains, Ethereum and Altcoins Trying to Get Momentum

  • Bitcoin price is trading around USD 64,000.
  • Ethereum is struggling to rise towards USD 4,000, XRP still below USD 1.15.
  • OKB and HT are up over 14%.

Bitcoin price settled above the USD 62,000 level. BTC is currently (12:09 PM UTC) trading above USD 63,800, with a positive angle. If there is a clear break above USD 64,200, the price could test the USD 65,000 resistance zone.

Besides, most major altcoins are trading in a range. ETH is facing resistance near the USD 3,900 zone. XRP is still struggling near USD 1.12 and USD 1.15. ADA could attempt an upside break above USD 2.20 if it stays above USD 2.05.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a clear break above USD 63,000, bitcoin price extended its increase. BTC cleared the USD 64,000 resistance zone. It traded close to USD 65,000 before it started a downside correction. The price declined below USD 64,000, but it remained well supported. On the downside, an initial support is near USD 63,500. The next support is near USD 63,000, below which the price might decline towards USD 62,000.

If there is a fresh increase above USD 64,200, the price might rise towards the USD 65,000 level. Any more gains could lead BTC towards the USD 66,200 level.

Ethereum price

Ethereum price spiked above the USD 3,880 resistance level. However, there was no upside continuation above USD 3,900 and ETH moved below USD 3,880. If there is another attempt to clear USD 3,900, the price might rise towards the USD 4,000 level.

On the downside, an initial support is near the USD 3,800 level. The first key support is now forming near the USD 3,750 level.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) is struggling to gain pace above USD 2.12. The key breakout zone is still near the USD 2.18 and USD 2.20 levels. A clear break above USD 2.20 could start a stronger increase. On the downside, the price might remain supported near the USD 2.05 and USD 2.08 support levels.

Litecoin (LTC) is consolidating gains above the USD 185 support zone. If it breaks the USD 192 resistance, the next stop for the bulls may possibly be near the USD 200 level. Conversely, there is a risk of a move down towards the USD 175 support zone.

Dogecoin (DOGE) is stuck below the USD 0.250 resistance. A close above USD 0.250 could start a fresh increase. The next major resistance is near USD 0.265, above which the price might test the USD 0.280 level. If not, there is a risk of a downside correction towards the USD 0.220 level.

XRP price is trying to rise towards the USD 1.12 and USD 1.15 resistance levels. A clear break above USD 1.15 could send the price towards the main resistance at USD 1.20. On the downside, the USD 1.05 level is a decent support. The main support is now forming near USD 1.00.

Other altcoins market today

Many altcoins are up over 5%, including OKB, HT, NEAR, KCS, AR, HBAR, LUNA, FTT, GRT, NEXO, and MINA. Out of these, HT is up by 14% and it broke the USD 8.80 level.

To sum up, bitcoin price is showing positive signs above USD 63,500. A clear break above USD 64,200 might increase the chances of a move above the USD 65,000 level.

_____ 

Find the best price to buy/sell cryptocurrency: