Tuesday, October 19, 2021
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Home Latest News Market Bitcoin Corrects After Hitting USD 55K, Ethereum And Altcoins Supported

Bitcoin Corrects After Hitting USD 55K, Ethereum And Altcoins Supported

Before correcting lower, bitcoin price broke through the USD 55,000 resistance level and Ethereum has reached a new high of USD 1,775 and may continue to rise.

The price of bitcoin has risen past the USD 55,000 resistance level. BTC also reached a high of USD 55,000 before beginning a downward trend. It is currently trading above USD 53,000, with the possibility of a new high above USD 54,500.

Likewise, the majority of big altcoins are trading above main support levels. Before a USD 100 dip, ETH soared towards the USD 1,880 resistance mark.

Bitcoin’s price has continued to rise above the USD 54,500 and USD 55,000 resistance thresholds. BTC also broke the USD 55,500 mark, but it couldn’t go any further, failing to reach the USD 56,000 mark. It began a downward trend and traded below the USD 55,000 mark. The bulls, on the other hand, are defending funding ranges of USD 53,000 and USD 52,800.

If the price rises again, it can break through the USD 54,500 and USD 55,000 resistance thresholds. Near the USD 56,200 mark, the next big resistance is found.

The price of Ethereum has also risen past the USD 1,800 resistance level. ETH also broke through the USD 1,850 barrier and tested the USD 1,880 level. A recent downside reversal occurred below the USD 1,820 support. The bulls are currently defending the USD 1,775 resistance level. Near the USD 1,720 mark, the next big support is found.

According to cryptonews.com, a new close above the USD 1,800 and USD 1,825 levels on the upside could trigger a step towards the USD 1,880 and USD 1,900 levels.

Binance Coin (BNB) began a steep climb above the USD 250 resistance level. BNB increased by more than 10% and also broke through the USD 275 resistance level. The bulls tried, but struggled, to break through USD 300. As a result, the price fell below USD 285, but it has since stabilized above USD 270.

Cardano (ADA) burst through the USD 1.200 resistance and traded as high as USD 1.220 before reversing lower. ADA is currently checking the USD 1.150 support, and if it breaks below that level, it might test USD 1.115. The USD 1.200 and USD 1.220 thresholds are significant resistance levels on the upside.

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