Bitcoin price and Ethereum prediction
The Bitcoin price is trading bearish near $20,600 throughout the Asian session, having bounced off the $20,000 price. Similarly, Ethereum has gained over 4% to $1,585 and is heading north toward the 78.6% Fibonacci retracement level.
Early on October 29, major cryptocurrencies were trading in the green, because the international crypto market cap surpassed $1 trillion, up from $979.72 billion the day before.
DeFi's total volume was $4.00 billion, accounting for 4% of the crypto market's total 24-hour volume.
Top Altcoin Gainers and Losers
Mina (MINA), Dogecoin (DOGE), and Shiba Inu (SHIB) were the highest performers within the last 24 hours. MINA's price has increased by more than 29% to $0.77, whereas DOGE's price has increased by nearly 15% to $0.086. At a similar time, SHIB has gained 12% to trade at $0.000011.
TerraClassicUSD (USTC) has dropped f4% this week to $0.041. Casper (CSPR) has fallen by more than 3% to around $0.042.
Bitcoin price
The current Bitcoin worth is $20,686, and also the 24-hour trading volume is $48 billion. Bitcoin has surged over 8% in the last seven days. CoinMarketCap presently ranks first, with a live market cap of $397 billion, up from $388 billion yesterday.
Although Bitcoin exhibited a small bearish correction yesterday, it's once more showing an upward trend. The BTC/USD try is currently consolidating in a very wide trading vary of $20,000 to $21,000, which is being extended by 38.2% to 61.8% Fibonacci retracement levels.
The RSI and MACD area unit still holding in a buying zone, supporting the possibilities of an optimistic trend continuation. Alongside, the 50-day moving average conjointly suggests buying for higher than $19,750.
As a result, a chance of 61.8% Fibo level has the potential to increase the buying trend to $21,900. If the present upward trend continues, Bitcoin could reach $22,500.
On the downside, Bitcoin's immediate support remains at the point of $19,900. Today, investors could explore a buying position higher than the $20,250 level and vice versa.
Ethereum price
The current price of Ethereum is $1,585, with a 24-hour trading volume of $19 billion. within the last 24 hours, Ethereum has pumped-up over 4%. CoinMarketCap presently ranks #2, with a live market cap of $194 billion, up from $184 billion yesterday.
On the technical front, the ETH/USD pair has completed a 61.8% Fibonacci retracement at $1,550 and is currently it's crossing higher than this level, suggesting probabilities of a bullish trend correction. On a daily timeframe, ETH has desecrated the antecedently placed high of $1,595 level which is a signal of strong bullish power. If the value of ETH rises higher than $1,595, it could reach the $1,655 or $1,700 levels.
Leading indicators like the RSI and MACD area unit within the buying zone. As a result, the possibilities of a bullish correction stay robust and higher than $1,550. whereas support continues to remain at $1,404 today.
New Crypto Presales
Dash 2 Trade is an Ethereum-based platform that aims to produce period analytics and social trading signals to its users; the amount raised so far is a significant vote of confidence within the platform.
After the presale, the company intends to launch its platform within the first quarter of 2023, with its D2T token expected to be listed on multiple exchanges.
In about a week, the Dash 2 Trade presale has raised over $3.1 million, putting it on track to become one of the year's largest token sales. Dash 2 Trade presale remains live; you'll be able to get D2T tokens for $0.05.
