19 Oct 2021 · 2 min read

Bitcoin Nears USD 63K, Ethereum Flat, BNB and DOGE Rally

  • Bitcoin price is showing positive signs above USD 62,500.
  • Ethereum is facing resistance near USD 3,880, XRP is holding the USD 1.05 support.
  • BNB gained over 5% and neared USD 500.

Bitcoin price corrected lower below USD 62,000 and USD 61,000. However, downsides were limited and BTC is currently (04:43 UTC) rising and it seems like the bulls are aiming for a break above the USD 63,000 resistance zone.

Besides, most major altcoins are trading above key supports. ETH could gain pace if it clears USD 3,880 and USD 3,920. XRP is still facing resistance near USD 1.12 and USD 1.15. ADA is stuck between USD 2.10 and USD 2.20.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a minor downside correction, bitcoin price started a fresh increase above USD 61,500. BTC even climbed above the USD 62,000 and USD 62,200 resistance levels. It is now facing resistance near the USD 63,000 level. The next major resistance is near USD 63,200, above which the price could rise towards the USD 65,000 level.

On the downside, an initial support is near USD 62,000. The first major support is near USD 61,200, below which the price might revisit the USD 60,000 zone.

Ethereum price

Ethereum price remained well bid above the USD 3,650 support zone. A base was formed and the price was able to clear the USD 3,750 resistance. The price is now showing positive signs above USD 3,800. The next key resistance is near USD 3,880, above which the bulls could test USD 4,000.

If there is another downside correction, the price might find support near the USD 3,780 level. The first key support is now forming near the USD 3,750 level.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) is trading in a range above the USD 2.10 level. It seems to be facing a major hurdle near the USD 2.20 level. If there is a clear break above USD 2.20, the price could accelerate higher. In this case, the price might rise towards the USD 2.35 level.

Litecoin (LTC) gained pace above the USD 185 resistance zone. The bulls even cleared the USD 188 resistance zone, opening the doors for more upsides. The next stop for the bulls might be USD 200. Any more gains could set the pace for a move towards USD 220.

Dogecoin (DOGE) gained over 5% and it was able to clear the USD 0.250 resistance. An immediate resistance is near USD 0.265. The next key resistance is near USD 0.280, above which the price might rise towards USD 0.300. On the downside, the USD 0.232 level is a decent support.

XRP price is facing hurdles near the USD 1.12 level. The next key resistance is near USD 1.15. A close above the USD 1.15 level may possibly increase the chances of a move above USD 1.20. On the downside, the USD 1.05 level is a major support.

Other altcoins market today

A few altcoins are rising, including ICX, ZEN, BNB, NEXO, ZEC, KSM, CAKE, FTM, and OHM. Out of these, FTM and OHM are up by 9% and 15% respectively.

Overall, bitcoin price is showing positive signs above USD 62,000. If BTC clears USD 63,000, there could be a move towards USD 64,200 or even USD 65,000 in the near term.

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