On October 21, bitcoin price traded in a narrow range of $18,950-$19,200, exactly in line with our previous bitcoin price prediction. In contrast, Ethereum fell less than 1% to $1,282 at the start of the Asian session.
Major cryptocurrencies were trading in the red early in the morning of October 21, with the global crypto market capitalization down 0.9% the previous day to $915 billion.
The total DeFi volume was $2.83 billion, which is more than 6.40% of the total crypto market volume.
Let’s take a look at the major winners and losers so far.
Top altcoin winners and losers
The best performers in the Asian session were Toncoin (TON), Chain (XCN) and Aptos (APT). Toncoin (TON) was up over 11% at $1.35, while XCN was up over 7% at $0.066. At the same time, Aptos is up more than 6% over the past 24 hours.
Uniswap (UNI) price is down over 8% to $6 in the past 24 hours. The price of Axie Infinity (AXS) fell over 8% to around $9.
bitcoin price
The current bitcoin price is $19,072 and the 24-hour trading volume is $23 billion. Bitcoin is down less than 1% in the past 24 hours. CoinMarketCap currently ranks number one with a live market cap of $365 billion.
The BTC/USD pair is trading sideways in a narrow range of $18,950-$19,250 on Friday. Overall, Bitcoin has been trading with a bearish bias since breaking out of a symmetrical triangle pattern, and a break of the $18,950 double bottom support level will dictate future market trends.
On the positive side, bitcoin may struggle to break through the $19,300 support and turn it into resistance. If BTC fails to break above this level, its price will almost certainly drop. So keep an eye out for the $19,300; above this level, buys up to $19,500 or $19,940 are possible.
Major technical indicators such as the RSI and MACD remain in selling territory, supporting investors’ bearish bias. Additionally, the 50-day moving average supports the downtrend by offering notable resistance at $19,250.
A break of the $18,950 support level could push BTC towards $18,700. Bitcoin could jump 15% on a break above $19,250/$19,300.
Ether price
The current price of Ethereum is $1,282, with a 24-hour trading volume of $8.9 billion. In the past 24 hours, Ethereum is down less than 1%. CoinMarketCap, on the other hand, now ranks ETH second, with a market capitalization of $156 billion.
From a technical standpoint, ETH/USD has broken out of an ascending triangle pattern on the downside. After being rejected at $1,309, Ethereum is back in a downtrend and facing immediate support at $1,273, the double bottom zone.
The 50-day moving average should now offer further resistance near the psychological trading level of $1,300.
On the upside, the key resistance levels for Ethereum remain at $1,310 and $1,341. Support remains at $1,272 or $1,242.
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