Original U.Today article

BTC and ETH Price Analysis for October 31

Mon, 10/31/2022 - 13:51

Can main altcoins rise faster than Bitcoin (BTC)?

BTC and ETH Price Analysis for October 31

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The new week has started with the continued rise of the cryptocurrency market as the majority of the coins are in the green zone.

Top 10 coins by CoinMarketCap

BTC/USD

Even though the rates of most of the coins are rising, the price of Bitcoin (BTC) is almost unchanged since yesterday.

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) has once again bounced off the support level at $20,463, having confirmed buyers' power. Until the price is above it, the bullish scenario remains relevant.

DOGE Price Analysis for October 30

At the moment, one needs to pay close attention to the resistance at around $21,000. If a breakout happens, one can expect a price blast to $21,500.

Bitcoin is trading at $20,750 at press time.

ETH/USD

Ethereum (ETH) has gained more than Bitcoin (BTC), going up by 1.48%.

ETH/USD chart by TradingView

Ethereum (ETH) is also following the rise of Bitcoin (BTC) on the daily time frame. If the candle closes above yesterday's peak at $1,640, the accumulated energy might be enough for growth up to the $1,700 zone.

Ethereum is trading at $1,622 at press time.

#Bitcoin Price Prediction #Ethereum Price Prediction

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.