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BTC, ETH and XRP Price Analysis for October 18

Price Predictions
Mon, 10/18/2021 - 15:39
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Denys Serhiichuk
Can altcoins rise as fast as Bitcoin (BTC)?
BTC, ETH and XRP Price Analysis for October 18
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 new week has begun with a relatively neutral mood on the cryptocurrency market as some coins are in the red zone, while others are in the green.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Over the weekend, the price of Bitcoin (BTC) consolidated above the psychological mark of $60,000 and consolidated in a sideways range.

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

At the end of the week, the bears tried to swing the price and knock the pair out of the sideways range, but tonight the price returned to the range and approached the monthly maximum zone in the morning.

Related
BTC, ADA and BNB Price Analysis for October 16

If buyers can continue to rise, then during the day the pair can test the 100% Fibonacci level, and a strong bullish momentum might be able to renew the all-time high around the $66,000 mark.

Bitcoin is trading at $62,044 at press time.

ETH/USD

On Saturday, the price of Ethereum (ETH) approached the psychological level of $4,000, renewing the monthly high at $ 3,971.

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

At the end of last week, bears pushed the Ethereum (ETH) price below the four-hour EMA55, but over the past night, the pair was able to fully recover to the $3,860 area. If large purchases resume, the price can break the $4,000 level and renew the monthly high around $4,100.

Ethereum is trading at $3,762 at press time.

XRP/USD

At the end of last week, the XRP price was in a sideways range with support in the four-hour EMA55 area.

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

Over the weekend, the pair failed to test the level of $1.20, and on Sunday evening, bears rolled the price back below the average price level, setting a weekly low at $1.022.

Related
BTC, ETH and XRP Price Analysis for October 15

This morning, the pair is trying to recover to the POC line, but it is not yet clear whether the price will be able to gain a foothold in this area or continue to decline to the psychological level of $1.

XRP is trading at $1.0683 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.