Bitcoin Price and Ethereum Prediction – Can BTC Fall Below $19,300?

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After rising from the $18,990 double-bottom help stage as of October 20, the value of bitcoin is presently buying and selling marginally larger. In distinction, throughout the early Asian session, Ethereum dropped by about 1% to $1,293.

Major cryptocurrencies had been buying and selling within the crimson as we speak, and the market valuation of all cryptocurrencies fell by greater than 1% to $915 billion from the day past. Stablecoin quantity was above $41 billion, in comparison with DeFi’s $3.3 billion complete quantity.

Top Altcoin Gainers and Losers

The prime performers within the Asian session had been TerraClassicUSD (USTC), Chain (XCN), and Aptos (APT). The TerraClassicUSD (USTC) acquire greater than 11% to $0.038, whereas the XCN worth has risen by over 8% to $0.067.

1666246136 726 Bitcoin Price and Ethereum Prediction – Can BTC Fall Below
Cryptocurrency Market Heatmap | Source: Coin360

The Casper (CSPR) worth has fallen by greater than 6% within the final 24 hours to $0.041. The worth of Quant has dropped greater than 6% to round $10.04.

Bitcoin Price 

The present Bitcoin worth is $19,150, and the 24-hour buying and selling quantity is $23 billion. Bitcoin has fallen by lower than 1% within the final 24 hours. CoinMarketCap presently ranks first, with a dwell market cap of $367 billion. 

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Bitcoin Price & Tokenomics – Source: coinmarketcap

As we mentioned in our earlier Bitcoin worth prediction, the BTC/USD pair has damaged by way of the symmetrical triangle sample that had been extending robust help close to $19,300. Furthermore, Bitcoin closed a few crimson candles exterior of the symmetrical triangle, confirming the breakout sample. However, Bitcoin has risen above the $18,990 help stage. 

On the upside, Bitcoin might battle to interrupt by way of the $19,300 help stage to change into a resistance stage. If BTC fails to interrupt by way of this stage, the value will virtually actually fall. Thus, control $19,300; above this stage, shopping for might be seen till $19,500 or $19,940.

Bitcoin Price and Ethereum Prediction – Can BTC Fall Below
Bitcoin Price Chart – Source: Tradingview

The RSI and MACD stay in a promoting zone, supporting traders’ bearish bias. Alongside, the 50-day transferring common can also be supporting a downtrend. 

If BTC falls under $19,250, it could return to the earlier triple-bottom help close to $18,900. A second breach might ship BTC to $18,700. On the upside, resistance continues to be situated close to $19,450. If the value exceeds $19,650, traders will doubtless contemplate shopping for till $19,950. 

Ethereum Price 

The present worth of Ethereum is $1,291, with a 24-hour buying and selling quantity of $8.7 billion. In the final 24 hours, Ethereum has plunged over 1%. CoinMarketCap now ranks #2, with a dwell market cap of $157 billion.

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Ethereum Price & Tokenomics – Source: coinmarketcap

On the technical entrance, the ETH/USD pair has damaged by way of an ascending triangle sample on the decrease aspect. It supplied speedy help for practically $1,292. However, after falling to $1,273, the double backside space, Ethereum started to rise. The 50-day transferring common is now doubtless to supply further resistance close to the $1,306 stage.

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Ethereum Price Chart – Source: Tradingview

On the plus aspect, the key resistance ranges for Ethereum stay at $1,325 and $1,341. While help continues to remain at $1,275 or $1,242 ranges. 

Compiled by Coinbold

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