Bitcoin (BTC) Price Analysis for October 19
The post Bitcoin (BTC) Price Analysis for October 19 appeared on BitcoinEthereumNews.com.
The rates of most coins keep rising on the last day of the week, according to CoinStats. Top coins by CoinStats BTC/USD The price of Bitcoin (BTC) has gone up by 1.34% over the last 24 hours. Image by TradingView On the hourly chart, the rate of BTC has broken the local resistance of $108,234. If the daily bar closes above that mark, the upward move is likely to continue to the $109,000 range. Image by TradingView On the bigger time frame, the price of the main crypto is going up after yesterday’s bullish closure. However, the volume is low, which means bulls might need more time to get strength for a continued move. You Might Also Like In this regard, consolidation in the narrow range of $108,000-$110,000 is the more likely scenario. Image by TradingView From the midterm point of view, the situation is less positive for buyers. If the weekly bar closes near its low, there is a high chance of a test of the support of $100,426 by the end of the month. Bitcoin is trading at $108,455 at press time. Source: https://u.today/bitcoin-btc-price-analysis-for-october-19-0
