Tuesday, October 19, 2021
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Bitcoin Holds Steady Above USD 30K

The price of Bitcoin is steady at USD 30,500 and USD 31,000 respectively. BTC is seeking an upside break above USD 31,800 and USD 32,000 at the moment. A close over USD 32,000 could open the doors in the coming sessions for a greater rise.

In addition, the majority of big altcoins, including ethereum, EOS, XRP, LINK, BNB, bitcoin cash, DOT, litecoin, and ADA, display signs of a new rise. ETH/USD is back above USD 1,300 and the bulls appear to be finding a break above USD 1,350.

Bitcoin’s price have traded in a range above the USD 31,000 support zone over the past two sessions. BTC is moving steadily higher towards the resistance level of USD 32,000. The next primary support is near the level of USD 32,400, above which the bulls are likely in the near term to attempt a move of 5 percent-8 percent.

According to cryptonews.com, there are chances of a new fall if there is no clear break above USD 32,000 and USD 32,400. The initial support is close to the level of USD 31,000. The key support is now emerging at a level close to USD 30,000, below which the price could drop to USD 29,200.

The price of Ethereum is steadily gaining bullish momentum above USD 1,280. ETH has also reached the amount of USD 1,300 and is expected to remain higher. Near USD 1,350, the next primary resistance sits. In the coming sessions, a close above USD 1,350 is likely spark a sharp rally.

If ETH fails to remain above USD 1,300, lower could be correct. Initial support is roughly USD 1,285. Near the USD 1,250 mark, the main support for the current wave is.

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