Bitcoin Cost and Ethereum Conjecture – Can BTC Fall Below $19,300?

On October 20, the Bitcoin cost is buying and selling slightly greater after dealing with the $18,990 double-bottom support level. In comparison, Ethereum fell nearly 1% to $1,293 noisy . Asian session.

Major cryptocurrencies were buying and selling within the negative zone today, using the global crypto market capital falling over 1% to $915 billion on the day before. DeFi were built with a total amount of $3.3 billion, as the total amount of stablecoins was over $41 billion.

Top Altcoin Gainers and Losers

The very best performers within the Asian session were TerraClassicUSD (USTC), Chain (XCN), and Aptos (APT). The TerraClassicUSD (USTC) gain in than 11% to $.038, as the XCN cost has risen by over 8% to $.067.

Cryptocurrency Market Heatmap Source: Coin360

The Casper (CSPR) cost has fallen by greater than 6% within the last 24 hrs to $.041. The cost of Quant has dropped greater than 6% close to $10.04.

Bitcoin Price 

The present Bitcoin cost is $19,150, and also the 24-hour buying and selling volume is $23 billion. Bitcoin has fallen by under 1% within the last 24 hrs. CoinMarketCap presently ranks first, having a live market cap of $367 billion. 

Bitcoin Cost &amp Tokenomics – Source: coinmarketcap

As you can see within our previous Bitcoin cost conjecture, the BTC/USD pair has damaged with the symmetrical triangular pattern that were extending strong support near $19,300. In addition, Bitcoin closed a few red candle lights outdoors from the symmetrical triangular, confirming the breakout pattern. However, Bitcoin has risen over the $18,990 support level. 

Around the upside, Bitcoin may find it difficult to break with the $19,300 support level to become level of resistance. If BTC does not break through this level, the cost will likely fall. Thus, keep close track of $19,300 above this level, buying is visible until $19,500 or $19,940.

Bitcoin Cost Chart – Source: Tradingview

The RSI and MACD stay in a selling zone, supporting investors’ bearish bias. Alongside, the 50-day moving average can also be supporting a downtrend. 

If BTC falls below $19,250, it might go back to the prior triple-bottom support near $18,900. Another breach could send BTC to $18,700. Around the upside, resistance continues to be located near $19,450. When the cost exceeds $19,650, investors will probably consider buying until $19,950. 

Ethereum Price 

The present cost of Ethereum is $1,291, having a 24-hour buying and selling amount of $8.7 billion. Within the last 24 hrs, Ethereum has stepped over 1%. CoinMarketCap now ranks #2, having a live market cap of $157 billion.

Ethereum Cost &amp Tokenomics – Source: coinmarketcap

Around the technical front, the ETH/USD pair has damaged with an climbing triangular pattern around the lower side. It provided immediate support for pretty much $1,292. However, after falling to $1,273, the double bottom area, Ethereum started to increase. The 50-day moving average has become prone to provide additional resistance close to the $1,306 level.

Ethereum Cost Chart – Source: Tradingview

Around the plus side, the main resistance levels for Ethereum stay at $1,325 and $1,341. While support is constantly on the remain at $1,275 or $1,242 levels. 

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Get The Best Cost to purchaseOrMarket Cryptocurrency

Cryptocurrency Cost Tracker – Source: Cryptonews

 

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