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BTC, ETH and ETC Price Analysis for October 22

Sat, 10/22/2022 - 14:29
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Denys Serhiichuk
Have popular cryptocurrencies returned to bullish zone?
BTC, ETH and ETC Price Analysis for October 22
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The weekend has started with a bounce back on the cryptocurrency market as all the top 10 coins are in the green area.

Top 10 coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has risen by almost 2% over the last 24 hours.

BTC/USD chart by TradingView

The rate of Bitcoin (BTC) might have fixed above the $19,000 zone, which means that bulls are not ready to give up so easily. If the situation remains the same, the main crypto might grow to the $19,500-$19,600 zone next week.

Bitcoin is trading at $19,186 at press time.

ETH/USD

Ethereum (ETH) has gained more than Bitcoin (BTC), going up by 2.65%.

ETH/USD chart by TradingView

Despite today's rise, Ethereum (ETH) keeps trading in the wide range between the support at $1,218 and the resistance at $1,407. One could talk about midterm growth if the price can get to the $1,350 mark.

Ethereum is trading at $1,308.50 at press time.

ETC/USD

Ethereum Classic (ETC) has gained the most value today, rocketing by 7%.

ETC/USD chart by TradingView

On the daily chart, Ethereum Classic (ETC) has returned to the bullish zone. At the moment, one should pay attention to the closure. If it happens around the $23 level, the growth may continue to the $24 zone by the end of the month.

Ethereum Classic is trading at $23.12 at press time.

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About the author

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.