Bitcoin
Bitcoin is up by an incredible 25.7% this week as the cryptocurrency surges beyond $55,000. The increase started at the beginning of October when it managed to break above a descending price channel and go above the 50-day MA.
Since then, BTC surged higher during the week until it broke the September highs at $53,000 and met resistance at $55,400 on Wednesday. It did attempt to break above $55,400 today, reaching as high as $56,000 (1.414 Fib Extension) but is showing signs of struggle to close above $55,400.
Looking ahead, if the buyers break above $56,000, the first resistance is expected at $58,355 (Feb 2021 highs). This is followed by $60,000, $61,000, and $61,780 (March 2021 highs).
On the other side, the first support lies at $54,000. This is followed by $53,000 (September highs), $52,000 (.236 Fib), $50,000, and $49,600 (.382 Fib). Additional support lies at $47,690 (.5 Fib & 50-day MA).
BTC/USD Daily Chart. Source: TradingView.
Ethereum
Ethereum is up by a solid 20%
We współpracy z: https://cryptopotato.com/crypto-price-analysis-overview-october-8th-bitcoin-ethereum-ripple-cardano-and-polkadot/
