Cryptocurrency Markets Oct 4th by cryptonew: Bitcoin price has expanded gains above the $ 46,500 and $ 48,000 resistance levels. BTC even broke the $ 49,200 mark, but there was no test of $ 50,000. At 04:31 UTC, BTC corrects down and trades below USD 48,000.
Similarly, most major altcoins revise lower. ETH fell lower after failing to test the $ 3,500 resistance level. XRP was able to settle above the pivot level of USD 1.00. ADA rose to $ 2.32 before correcting lower.
Cryptocurrency Market October 4th: Bitcoin Price
After the Bitcoin price closed above $ 46,500, it expanded its upward momentum. BTC has broken the $ 48,000 and $ 48,500 resistance levels. The price even soared to over $ 49,000 and tested $ 49,250. It is currently correcting downward and trading below $ 48,000. On the flip side, the immediate support is at $ 47,200. The first major support is currently forming near the $ 46,500 mark.
The immediate hurdle is near the $ 48,000 mark. The next major resistance is near the $ 49,250 level above which the price could test the major $ 50,000 resistance level.
Cryptocurrency Market October 4th: Ethereum Price
Ethereum price climbed above the USD 3,150 resistance level. ETH even broke the USD 3,380 resistance but failed to test the USD 3,500 zone. A high was formed near $ 3,480 before a downward correction. It’s currently trading at $ 3,320, with immediate support at $ 3,250. The main weekly support is at $ 3,200.
On the flip side, initial resistance is near the $ 3,420 level. The main resistance is currently near the $ 3,480 and $ 3,500 levels.
Crypto Market October 4th: ADA, LTC, DOGE and XRP prices
Cardano (ADA) picked up speed, surpassing the $ 2.20 mark. It even surged above $ 2.30 but failed at $ 2.32. The price is back below the $ 2.20 level but the bulls could remain active near the $ 2.12 level. The next big support is near $ 2.05
Litecoin (LTC) rose above the USD 155 and USD 165 resistance levels. It tested the $ 175 level before correcting down. It is currently trading near $ 165 with initial support at $ 160. The main breakout support is now forming at $ 155.
Dogecoin (DOGE) broke the USD 0.212 resistance. It even broke the $ 0.220 level, but there was no bullish continuation. Price is consolidating near $ 0.215 with much support on the downside near $ 0.212 and $ 0.205.
XRP price accelerated to break above key resistance at $ 1.00. It even broke the $ 1.05 mark but struggled for $ 1.08. XRP is currently consolidating over $ 1.
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Cryptocurrency Market October 4th: Another Altcoin Market
Several altcoins are up more than 5% including AXS, DYDX, ALGO, TEL, HNT, CRV, HOT, SHIB, XTZ and EOS. Of these, AXS rose 25% and broke the $ 135 mark.
Overall, Bitcoin price is trading in a positive zone above $ 47,000. A downward correction is possible in the short term, but the bulls can stand near $ 45,500 or $ 45,000.
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