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BTC, ETH and XRP Price Analysis for October 15

Price Predictions
Fri, 10/15/2021 - 15:51
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Denys Serhiichuk
How long will the dominance of Bitcoin (BTC) last?
BTC, ETH and XRP Price Analysis for October 15
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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Bulls keep controlling the situation on the market; however, some coins have come back to the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

During the day yesterday, buyers were systematically trying to break through the key resistance of $58,000, but by the end of the day, they could not break through to the zone of the already-indicated October high of $58,550, indicated this week.

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

Tonight, after a slight pullback, buyers once again stormed this resistance, forming bullish momentum. The growth was supported by rather large volumes, and the price of Bitcoin broke through an impregnable line. In the morning, the maximum is set at the psychological level of $60,300.

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One believes that after retesting the psychological level, bears tried to bring the price back to the $58,000 mark.

Bitcoin is trading at $59,860 at press time.

ETH/USD

Buyers were able to ramp up their buying yesterday afternoon, and the price of Ethereum (ETH) soared above the October and September highs. In the evening, the pair set a new monthly high around the $3,825 mark, and this morning, buyers tested the $3,840 mark, after which trading volumes decreased and the growth slowed down.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

One assumes that in this area, the Ether price is consolidating in a sideways range. At the same time, the sideways trend may not last long, and if the bulls try to continue the race, a breakout of the level of $3,900 is possible.

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BTC, ETH and XRP Price Analysis for October 10

If a bullish impulse is not formed, the pair may return to the area of $​3,600.

Ethereum is trading at $3,796 at press time.

XRP/USD

Yesterday, after a retest of the $1.14 level, the XRP price was unable to continue its growth and consolidated sideways. Tonight, bears tried to push the pair back to the average price area, but they failed to break through the four-hour EMA55.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

In the morning, the XRP price returned to the level of $1.140 and can try to continue its growth during the day.

XRP is trading at $1.12891 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.