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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3061 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The weekend has begun&nbsp;with a downtrend on the cryptocurrency market as almost all of the&nbsp;<a rel="nofollow" target="_blank" href="#-shib-and-doge-price-analysis-for-october-22">coins</a>&nbsp;are in the red zone.
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    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top coins by CoinMarketCap</a>
    BTC/USD
    
    The rate of Bitcoin (BTC) has gone down by almost 3% since yesterday, while the price change over the last week is unchanged.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the hourly chart, Bitcoin (BTC) is trading around the zone of the most liquidity at $61,800. The growth is accompanied by a&nbsp;high trading volume;&nbsp;however, bulls are out of energy to keep the growth to $63,000 and above.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    From the mid-term point of view, the rise may continue to&nbsp;yesterday's peak at $63,757. However, such a move might be considered a correction after a&nbsp;sharp fall but not a&nbsp;reason to return to $67,000.
    
    <a rel="nofollow" target="_blank" href="#-ada-shib-and-doge-price-analysis-for-october-19">card</a>
    
    What's&nbsp;more, the low buying trading volume confirms this idea.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    Analyzing the weekly time frame, Bitcoin (BTC) made a false breakout of the previous peak set in April of this year. If the candle closes around the current levels, bulls might face difficulties in keeping the growth. In the event of bearish&nbsp;pressure and a return below the crucial level of&nbsp;<a rel="nofollow" target="_blank" href="#-eth-and-xrp-price-analysis-for-october-18">$60,000</a>, the fall may continue to the mirror area that serves the support around $53,000.
    
    Bitcoin is trading at $61,542 at press time.
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3064 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The weekend has begun&nbsp;with a downtrend on the cryptocurrency market as almost all of the&nbsp;<a rel="nofollow" target="_blank" href="#-shib-and-doge-price-analysis-for-october-22">coins</a>&nbsp;are in the red zone.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top coins by CoinMarketCap</a>
    BTC/USD
    
    The rate of Bitcoin (BTC) has gone down by almost 3% since yesterday, while the price change over the last week is unchanged.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the hourly chart, Bitcoin (BTC) is trading around the zone of the most liquidity at $61,800. The growth is accompanied by a&nbsp;high trading volume;&nbsp;however, bulls are out of energy to keep the growth to $63,000 and above.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    From the mid-term point of view, the rise may continue to&nbsp;yesterday's peak at $63,757. However, such a move might be considered a correction after a&nbsp;sharp fall but not a&nbsp;reason to return to $67,000.
    
    <a rel="nofollow" target="_blank" href="#-ada-shib-and-doge-price-analysis-for-october-19">card</a>
    
    What's&nbsp;more, the low buying trading volume confirms this idea.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    Analyzing the weekly time frame, Bitcoin (BTC) made a false breakout of the previous peak set in April of this year. If the candle closes around the current levels, bulls might face difficulties in keeping the growth. In the event of bearish&nbsp;pressure and a return below the crucial level of&nbsp;<a rel="nofollow" target="_blank" href="#-eth-and-xrp-price-analysis-for-october-18">$60,000</a>, the fall may continue to the mirror area that serves the support around $53,000.
    
    Bitcoin is trading at $61,542 at press time.
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Bitcoin (BTC) Price Analysis for October 23

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Sat, 23/10/2021 - 15:22
Bitcoin (BTC) Price Analysis for October 23
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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The weekend has begun with a downtrend on the cryptocurrency market as almost all of the coins are in the red zone.

Advertisement
Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has gone down by almost 3% since yesterday, while the price change over the last week is unchanged.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the hourly chart, Bitcoin (BTC) is trading around the zone of the most liquidity at $61,800. The growth is accompanied by a high trading volume; however, bulls are out of energy to keep the growth to $63,000 and above.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

From the mid-term point of view, the rise may continue to yesterday's peak at $63,757. However, such a move might be considered a correction after a sharp fall but not a reason to return to $67,000.

card

What's more, the low buying trading volume confirms this idea.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Analyzing the weekly time frame, Bitcoin (BTC) made a false breakout of the previous peak set in April of this year. If the candle closes around the current levels, bulls might face difficulties in keeping the growth. In the event of bearish pressure and a return below the crucial level of $60,000, the fall may continue to the mirror area that serves the support around $53,000.

Bitcoin is trading at $61,542 at press time.

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