Crypto market on October 14, according to cryptonew: The Bitcoin price has formed a base above 55,000 US dollars. BTC started a new rally and overcame the resistance at USD 57,500. At 04:25 UTC, BTC is trading above USD 58,000 and could accelerate further in the short term.
Plus, most of the big altcoins are also picking up speed. ETH is up nearly 4% and has broken the $ 3,600 resistance area. XRP is also rising but is still well below the USD 1.20 resistance. ADA is heading for a breakout above the $ 2.20 resistance.
October 14th cryptocurrency market: Bitcoin price
After rising again above USD 56,500, Bitcoin price gained momentum. BTC has broken the $ 57,200 and $ 57,500 resistance levels. It is currently trading above the $ 58,000 level and showing positive signs. On the flip side, initial resistance is near the $ 58,500 mark. The next major resistance is at $ 59,000, above which a rally to $ 60,000 is possible.
On the flip side, the initial support is at $ 57,500. The next big support is at $ 57,200, with a possible pullback to $ 56,500 below that.
Cryptocurrency Market October 14th: Ethereum Price
Ethereum price is also behind Bitcoin and could break the $ 3,550 resistance. ETH has even passed the $ 3,600 mark and is showing positive signs. If there is a significant break above $ 3,660, the price may accelerate further towards $ 3,750.
If there is no interruption above $ 3,660, the price could correct downward. Initial downside support is near the $ 3,600 mark. The first major support is now forming near the $ 3,550 level.
Crypto Market October 14th: ADA, LTC, DOGE and XRP prices
Cardano (ADA) began rising again above the $ 2.10 and $ 2.12 levels. The price is currently trading above $ 2.15 and could steadily climb towards $ 2.20. Any further gains could pick up the pace towards $ 2.32.
Litecoin (LTC) is back above the USD 175 resistance. LTC is currently trading near the $ 180 mark and could accelerate in the short term. The main hurdle is near the USD 185 and USD 188 levels. The next big hurdle for the bulls is near the $ 200 mark.
Dogecoin (DOGE) stays high above $ 0.220. It’s currently gaining momentum above the $ 0.232 level. If it breaks the $ 0.235 resistance, a steady spike is likely. In this case, the price can go up to $ 0.250.
The XRP price is trading above the $ 1.12 level. Initial resistance is near the $ 1.15 level. The main breakout zone remains near the $ 1.20 level. Any further uptrend could cause a faster pace towards the $ 1.32 level.
Cryptocurrency Market October 14th: Another Altcoin Market
Many altcoins are up more than 5%, including TEL, DOT, WAVES, CRV, KSM, VET, XLM, PERP, XDC, UNI, LINK and ALGO. Of these, TEL gained 26%, surpassing $ 0.022.
In total, Bitcoin price rises above $ 57,500. If BTC clears $ 58,500, there could be a move towards $ 59,500 and $ 60,000 in the near future.
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