Bitcoin
BTC$29 830.80

2.19%

Ethereum
ETH$1 978.78

0.62%

Tether
USDT$0.998948

-0.01%

Binance Coin
BNB$332.68

3.46%

USD Coin
USDC$1.000136

0.03%

XRP
XRP$0.404298

-0.23%

$12K Bitcoin price back on the table after BTC rallies above $11.4K


10 Oct 2020

#Bitcoin

Bitcoin price rallied to $11,491 after bulls managed to flip the $11K level from resistance to support. On Friday Bitcoin (BTC) price finally managed to break above the symmetrical triangle where the price had been compressing for the last 30 days. After holding the $11,000 level into the daily close, the price rallied to $11,448 on multiple high volume surges. 

On Oct. 8 Cointelegraph contributor Micheal van de Poppe explained that in his view: “If the price of Bitcoin breaks through the $11,100-$11,300 resistance zone, further bullishness can be expected towards $12,000. This makes the $11,100-$11,300 area is a critical zone for continuation.”

Currently the price is holding above $11,400 and meeting resistance at $11,489 which is right at the top of the Sept. 3 candle which saw BTC drop 13% to $9,960. This level aligns with the VPVR node extending from $11,400-$11,740, but if the bulls are able to push through this resistance cluster another run at the $12K mark is on the cards. 

On the daily timeframe, the relative strength index has risen to 65, a bullish signal, and the MACD histogram clearly reflects the current bump in momentum. 

As is always the case, day traders should keep a close eye on volume as the lack of it during the last 30-days is the primary reason for Bitcoin price being flat and pinned below $11,000. 

Ether (ETH) price also took a bullish turn, by piercing a key descending trendline to rally 3.08% to $378. 

At the time of writing the top altcoin is encountering resistance at $375 where there is a high volume VPVR node extending from $376-$389. If bulls are able to maintain the current momentum and push through this resistance zone, Ether price could run to $419.

As BTC and Ether rallied, the majority of altcoins followed suit with double-digit gains. Cardano (ADA) gained 10.19%, Chainlink (LINK) added 11.4% and Aave (LEND) rallied by 15%. 

According to CoinMarketCap, the overall cryptocurrency market cap now stands at $361.5 billion and Bitcoin’s dominance index is currently at 58.4%.

Source


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 56.8% 89 $29 830.80 2.19% -0.06% $568 243 367 260 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 56% 88 $1 978.78 0.62% -2.65% $239 264 661 104 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $0.998948 -0.01% 0% $73 198 034 338 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 60.8% 85 $332.68 3.46% 10.72% $54 319 345 181 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $1.000136 0.03% 0.01% $53 412 996 775 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 58.4% 91 $0.404298 -0.23% -5.30% $19 544 998 936 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.001442 0.19% 0.27% $18 332 749 036 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 56.4% 92 $0.518095 1.03% -7.86% $17 480 010 174 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 54.8% 92 $49.23 0.27% -10.01% $16 702 932 943 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 56% 89 $0.083177 0.07% -6.02% $11 035 092 589 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 58.4% 92 $10.02 1.90% -3.47% $9 896 804 667 DOT 7 days price change
12 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 60.4% 89 $29 797.90 2.06% -0.08% $8 224 307 082 WBTC 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 60.4% 91 $28.68 -0.32% -14.23% $7 766 240 935 AVAX 7 days price change
14 TRON (TRX) TRX TRON predictions 73.6% 57 $0.081485 5.37% 12.78% $7 711 237 884 TRX 7 days price change
15 Dai (DAI) DAI Dai predictions 95.6% 1 $1.000233 0.06% 0.05% $6 576 996 511 DAI 7 days price change

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