On October 21, the Bitcoin price was choppy, trading within a narrow range of $18,950 to $19,200, exactly in line with our previous Bitcoin price prediction. In contrast, Ethereum fell less than 1% to $1,282 during the early Asian session.
Major cryptocurrencies were trading in the negative early on October 21, with the global crypto market cap down 0.9% to $915 billion on the previous day.
DeFi’s total volume was $2.83 billion, accounting for more than 6.40% of the total crypto market volume.
Let’s take a look at the top winners and losers so far today.
Top Altcoin Gainers and Losers
The top performers in the Asian session were Toncoin (TON), Chain (XCN), and Aptos (APT). Toncoin (TON) is up more than 11% to $1.35, while XCN is up more than 7% to $0.066. At the same time, Aptos has surged more than 6% in the last 24 hours.
The Uniswap (UNI) price has fallen by more than 8% in the last 24 hours to $6. The price of Axie Infinity (AXS) has dropped more than 8% to around $9.
The current Bitcoin price is $19,072, and the 24-hour trading volume is $23 billion. Bitcoin has fallen by less than 1% in the last 24 hours. CoinMarketCap currently ranks first, with a live market cap of $365 billion.
The BTC/USD pair is trading sideways on Friday, with a narrow range of $18,950 – $19,250. Overall, Bitcoin has been trading with a bearish bias since the breakout of a symmetrical triangle pattern, and a breakout of a double-bottom support level of $18,950 will determine future market trends.
On the plus side, Bitcoin may find it difficult to break through the $19,300 support level and turn it into a resistance level. If BTC fails to break through this level, its price will almost certainly fall. As a result, keep an eye on $19,300; above this level, buying is possible until $19,500 or $19,940.
Leading technical indicators, such as the RSI and MACD, remain in the selling zone, supporting investors’ bearish bias. In addition, the 50-day moving average is supporting the downtrend by providing significant resistance at $19,250.
A break of the $18,950 support level could push BTC toward $18,700. Bitcoin could pump 15% upon a bullish breakout of $19,250/$19,300.
The current price of Ethereum is $1,282, with a 24-hour trading volume of $8.9 billion. In the last 24 hours, Ethereum has plunged less than 1%. Whereas, CoinMarketCap now ranks ETH at #2, with a live market cap of $156 billion.
On the technical front, the ETH/USD pair has broken through an ascending triangle pattern on the lower side. After getting rejected at $1,309, Ethereum is again in a downtrend and gaining immediate support near $1,273, the double bottom area.
The 50-day moving average is now likely to provide additional resistance near the psychological trading level of $1,300.
On the upside, the major resistance levels for Ethereum remain at $1,310 and $1,341. While support continues to stay at $1,272 or $1,242 levels.
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