Market analysis: what future for BTC, ETH and other cryptos?

On October 21, the price of bitcoin has been choppy, trading between $18,950 and $19,200, in line with our previous prediction concerning him. On the other hand, at the start of the Asian session, theEthereum fell less than 1% to $1,282.

At the beginning of October 21, the main cryptocurrencies were trading in the red and the day before, the global crypto market cap fell 0.9% to $915 billion.

The total volume of Challenge was $2.83 billion, or more than 6.40% of the total crypto market volume.

Let’s take a look at the main winners and losers so far.

The main winners and losers of altcoins

Toncoin (TON)Chain (XCN) and Aptos (APT) are the best performing tokens in the Asian session. Toncoin (TON) is up more than 11% at $1.35, while XCN is up more than 7% at $0.066. At the same time, Aptos has jumped more than 6% in the past 24 hours.

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the Uniswap course (UNI) fell over 8% in the past 24 hours to hit $6 while Axie Infinity (AXS) fell over 8% to around $9.

bitcoin price

The current bitcoin price is $19,072, and the 24-hour trading volume is $23 billion. Over the past 24 hours, bitcoin is down less than 1%. Currently, CoinMarketCap ranks first among exchanges, with a live market capitalization of $365 billion.

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Bitcoin price and Tokenomics – Source: coinmarketcap

The BTC/USD pair is trading this Friday in a narrow range between $18,950 and $19,250. Overall, bitcoin is trading slightly lower since the formation of the symmetrical triangle pattern. Breaking a double bottom support level of $18,950 will determine future market trends.

On the other hand, bitcoin may struggle to break through the $19,300 support level and turn it into a resistance level. If the BTC fails to break through this level, its price will most certainly fall. Therefore, keep an eye out for $19,300; above this level, acquisitions are possible up to $19,500 or $19,940.

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Bitcoin price chart – Source: Tradingview

The main technical indicators, such as the RSI and the MACD, remain in the sell zone, which promotes investor operations. Additionally, by offering significant resistance at $19,250, the 50-day moving average supports the downtrend.

If the support level of $18,950 is reached, BTC could go down towards $18,700. But in the event of an increase, we can hope that it increases by 15% and crosses the level of $19,250 or $19,300.

Ethereum price

the current ethereum price is $1,282 and its 24-hour trading volume is $8.9 billion. In the past 24 hours, Ethereum has seen a decline of less than 1%. However, CoinMarketCap currently ranks ETH the second-largest crypto, with a live market capitalization of $156 billion.

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Ethereum price and Tokenomics – Source: coinmarketcap

Technically, the pair ETH/USD is declining and tending to stabilize. The token recently tried to break above the $1,309 mark, but it fell again to find immediate support near $1,273.

The 50-day moving average is now likely to provide further resistance near the psychological trading level of $1,300.

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Ethereum price chart – Source: Tradingview

On the upside, the main resistance levels for Ethereum remain at $1,310 and $1,341. While support remains at $1,272 or $1,242.

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Find the best price to buy/sell cryptocurrencies

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Cryptocurrency Price Tracker – Source: Crypto news

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Market analysis: what future for BTC, ETH and other cryptos?


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