Bitcoin

Most of the coins have followed the bounce back of Bitcoin (BTC), except for XRP, whose rate has declined by 0.15%. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d34e62a58dd5457190c4849d111c8752.png" /> BTC/USD The rate of Bitcoin (BTC) has risen by 1.34% over the last 24 hours. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/42488f6e0789433b8a4cc10e46b7ef57.png" /> On the hourly chart, Bitcoin (BTC) has formed the support level at $19,282 with the false breakout. At the moment, the rate is on its way to the local resistance at $19,469. If buyers hold the gained initiative, the upward move may continue to the $19,500-$19,600 zone. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f1ceb02d338e45d0a14e8d65291f6aa4.png" /> On the bigger time frame, the accumulation period continues as the price has reached neither the support level nor the resistance yet. _____________________________________________ Related <a href="https://u.today/ada-and-bnb-price-analysis-for-october-23" rel="noopener noreferrer nofollow">ADA and BNB Price Analysis for October 23 </a>_____________________________________________ If today&#39;s candle closes above the $19,200 mark, the chances for growth to the vital $20,000 area will rise. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4c1c0b1190e84f6280307a117fb94f3b.png" /> A similar picture is on the weekly chart as the volume keeps going down. If the price does not go below $19,000 and bulls continue the rise of the previous week, the main cryptocurrency might enter a bull run, which can lead to the test of the nearest resistance at $20,381 next month. Bitcoin is trading at $19,412 at press time.

Bitcoin (BTC) Price Analysis for October 24

U_Today

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