Bitcoin
BTC$17 058.33

0.06%

Ethereum
ETH$1 266.25

0.01%

Tether
USDT$1.000063

0%

Binance Coin
BNB$289.87

0.04%

USD Coin
USDC$0.999979

0%

Binance USD
BUSD$1.000081

-0.05%

Bitcoin and Ethereum: The Price of Bitcoin Struggles


24 Oct 2022

#Ethereum

The price of Bitcoin continues to struggle around the $19,000 level. Ethereum price is testing the $1270-$1280 support zone for the second day in a row. The price of Bitcoin continues to struggle around the $19,000 level. The pressure seems too much for Bitcoin, and we are now seeing a pullback below $18900. A minor recovery takes us back up to $18985. 

Bitcoin chart analysis

For a bearish option, we need a continuation of the negative consolidation. The price could first go down to the $18800 support level. If we do not find support there either, the decline could be extended to the $18,500 level. The October low is at the $18182 level. We need a new positive consolidation and recovery above the $19200 level for a bullish option first. If we succeed in that, the next target is the $19,400 level, yesterday’s high. 

Then it is necessary to maintain up there and, with a new bullish impulse, continue towards the next high at the $19800 level. We would be very close to $20,000 there, which could attract the price of Bitcoin, resulting in a test of that level. A potential higher target is $20,500 at the October resistance zone.

Ethereum chart analysis

Ethereum price is testing the $1270-$1280 support zone for the second day in a row. If the pressure continues, we could see a drop below and the formation of a new ten-day lower low. We could look for the first support at the $1260 level, and if we fail to do so, we will see a continuation of the price drop. 

Potential targets are $124 and $1220 levels. For a bullish option, we need a new positive consolidation and a return to the $1300 level. Then we must try to stay up there and continue the recovery with the next bullish impulse. Our next resistance is the $1340 level, and a break above it would significantly strengthen the bullish recovery to the $1400 level.


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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 84.4% 17 $17 058.33 0.06% 0.44% $327 969 673 009 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 80.4% 28 $1 266.25 0.01% -0.56% $154 956 271 042 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $1.000063 0% 0.04% $65 689 347 584 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 78.4% 44 $289.87 0.04% -4.43% $46 370 691 955 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 94% 1 $0.999979 0% -0.02% $43 034 372 975 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.000081 -0.05% -0.07% $22 101 869 687 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 85.2% 29 $0.386677 -0.35% -4.46% $19 434 565 003 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 66% 73 $0.100260 -1.98% -7.15% $13 301 634 924 DOGE 7 days price change
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11 Polygon (MATIC) MATIC Polygon predictions 71.6% 52 $0.913880 -0.11% 4.95% $7 982 115 948 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 78% 37 $5.48 -0.37% 0.45% $6 269 169 724 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 95.2% 1 $0.999497 -0.03% -0.06% $5 875 589 658 DAI 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 61.6% 85 $79.71 -1.79% 0.97% $5 720 814 160 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 84.4% 30 $0.053431 0.36% -1.20% $5 432 662 792 WTRX 7 days price change

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