Cryptocurrency market October 22, 2021 by cryptonew: At 04:25 UTC, BTC is trading below USD 64,000 and further declines are possible at short notice.

Aside from that, most of the big altcoins also reduce profits. ETH is trading below the $ 4,320 and $ 4,250 support levels. XRP is still struggling to break the $ 1.15 resistance area. ADA tested $ 2.30 before correcting down.

Cryptocurrency market today 22nd-10-2021: Bitcoin price

After Bitcoin price hit a new all-time high earlier this week, a downward correction began below $ 66,000. BTC traded below the support levels of $ 65,000 and $ 64,200. It tested $ 62,000 and is currently consolidating losses. On the flip side, the initial support is at $ 62,500. The first major support is at $ 62,000, below which the price could test the $ 60,500 support.

If it rallies again, the price could encounter resistance near $ 64,200. The next major resistance is at $ 65,000, above which the bulls can target a new all-time high.

Cryptocurrency Market October 22, 2021: Ethereum Price

The Ethereum price broke the $ 4,200 mark. ETH even broke through $ 4,350 but failed to test the $ 4,400 resistance. A high was formed at $ 4,375 before a downside correction set in. The price is currently trading below $ 4,200, but bids can be found near $ 4,050 and $ 4,000.

On the downside, the price is encountering resistance near the $ 4,200 mark. The first major resistance is at $ 4,250, above which a rally to $ 4,350 is possible.

Cryptocurrency market October 22, 2021: ADA, LTC, DOGE and XRP prices

Cardano (ADA) broke the $ 2.18 and $ 2.20 resistance levels. It exceeded below $ 2.32 before correcting down. It is currently trading below $ 2.20 with the main support at $ 2.15. Any further losses could lead the price towards $ 2.05.

Litecoin (LTC) has corrected down from the 212 level and is consolidating near the $ 200 level with important support at 192. Further losses could open the door to a larger decline next time. If it rises again, the bulls may aim for a break above the $ 212 level.

Dogecoin (DOGE) is back below $ 0.250. Initial support is near $ 0.240. The first big support is at $ 0.232, below which it may decline to $ 0.220. If it rallies again above $ 0.250, a rally to $ 0.265 is possible.

The XRP price failed to gain strength above $ 1.15 and began a downward correction. It is currently trading near $ 1.10 with immediate support at $ 1.08. The next big support is at $ 1.05, below which it could test $ 1.00.

Cryptocurrency Market October 22, 2021: Another Altcoin Market

Many altcoins are up more than 5% including RUNE, GRT, SOL, ZEC, VET, NEAR, NEXO, LINK, EGLD, AVAX, XMR and HT. Of these, RUNE is up 35%, topping the $ 10 mark.

Overall, Bitcoin price corrects a drop below $ 64,000. It looks like BTC could even drop below $ 62,000, but the $ 60,000 zone could serve as strong support.

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