Bitcoin Price Surpasses $68,000 Resistance, Up 1% Today
The price of Bitcoin today, on October 18, 2024, has exceeded the resistance level of $68,000 with a 1% increase. It is currently quoted at R$ 384,033.73 and € 62,634.24.
Ethereum is once again aiming for $2,820, while SOL is pushing past $150. Notable highlights include POPCAT, which has seen an increase of nearly 15%, DOGE, which has gained 10%, and FLOKI, which has risen by 6%.
Bitcoin’s price has started a fresh upward movement above the resistance zone of $67,850. BTC has climbed above the $68,000 resistance but is currently facing resistance below $68,250. If the price closes above $68,000, it could lead to a steady increase in the near future.
In a similar vein, most major altcoins are showing positive signs. ETH has broken above $2,620 but is likely to break further above $2,680 for additional upside. Solana appears to be aiming for a stronger rise above the $180 resistance.
Bitcoin Price Analysis
After undergoing a bearish correction, the price of Bitcoin found support near the $59,000 zone. BTC has initiated a fresh upward movement and has cleared the $64,500 resistance. The price has even surpassed the $68,000 zone. It is now encountering a significant resistance near the $68,250 zone. If the price closes above $68,000, it may lead to a steady increase. The next key resistance level to watch out for is $71,500.
On the downside, the initial support level lies near $64,000. The first major support level is now near $60,500, and a break below this level could test the primary weekly support at $59,000.
Ethereum Price Analysis
The price of Ethereum has remained well above the $2,350 level. ETH is currently trading above $2,620 and $2,650. The first key barrier lies near the $2,700 level, while the primary weekly resistance is still near $2,820.
On the downside, the initial support level is near $2,320, and the main support level is around $2,150. A break below this level could test the $2,120 mark.
SOL, ADA, DOGE, and XRP Price Analysis
Solana (SOL) is consolidating near $152 and is facing resistance near $140. The primary weekly resistance is still around the $160 level. If the price closes above $150, it could initiate a strong upward movement. Conversely, the price may revisit the $135 support level.
Cardano (ADA) has gained momentum and managed to climb above the $0.34 resistance. ADA is now facing resistance near $0.35, and if it surpasses this level, the bulls may aim for a larger rise towards the $0.40 level. Otherwise, there is a risk of a drop towards the $0.32 level in the near term.
Dogecoin (DOGE) is recovering but lacks bullish momentum to surpass $0.135. The next key resistance level is near $0.1400, and the crucial breakout zone lies around $0.1450. If the price breaks above this level, it could rise to $0.170.
XRP’s price is attempting to show positive signs above $0.55. The immediate resistance level is near $0.620, and a close above $0.650 could push the price towards $0.700.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.