Bitcoin’s Year-End Prospects Look Highly Bullish Says On-Chain Analyst Will Clemente – Here’s Why


The Daily Hodl 10 October, 2021 - 01:46pm

Bitcoin Rallies Above USD 56K while Ethereum & Altcoins Consolidate

Cryptonews 11 October, 2021 - 11:20am

Besides, most major altcoins are consolidating gains. ETH is trading near USD 3,500 and it might start a fresh increase. XRP is trading above USD 1.15, but it is facing hurdles near USD 1.20. ADA broke the USD 2.20 resistance, and it might rise towards USD 2.32.

On the downside, an immediate support is near the USD 56,000 level. The first key support is near the USD 55,500 level, below which there are chances of a drop towards the USD 54,000 level.

If there is a fresh increase, the price might face resistance near the USD 3,550 level. The main resistance is now near USD 3,600, above which the price might test USD 3,680.

A few altcoins are up over 5%, including STX, DYDX, ONE, MDX, DCR, AR, and MIOTA. Out of these, STX rallied over 19% and it broke the USD 2.15 level.

Overall, bitcoin price is showing positive signs above the USD 55,000 level. If BTC clears the USD 57,200 level, it could even rise towards the USD 60,000 level in the near term.

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