E Point Perfect

Bitcoin (BTC) Price Analysis for October 27


Bulls seem ready to keep the growth as most of the coins are rising.

Top 10 coins by CoinMarketCap


Bitcoin (BTC) is one of the least-growing coins, rising by less than 1%.

BTC/USD chart by TradingView

Despite the rise, Bitcoin (BTC) is returning to the support level of $20,463. If bulls cannot keep the growth going, there are high chances to see a fall below the mentioned mark tomorrow.

BTC/USD chart by TradingView

On the daily time frame, Bitcoin (BTC) has fixed in the bullish zone, which means that the upward move may last for a few days.

If that happens, traders might see a return to the zone around $21,000 and above.

BTC/USD chart by TradingView

A similar situation can be seen on the weekly chart; however, one needs to wait until the bar closes. If the closure occurs above the $20,500 mark, the upcoming week might also become bullish for the leading cryptocurrency.

Bitcoin is trading at $20,604 at press time.


Source link

Related posts

DOGE Should Not Be Banned to Protect Traders: Brad Garlinghouse

Crypto Ban Won’t Happen Anytime Soon, Says U.S. Congressman

XRP Rebounds by 5% as “Day Is Finally Here” for Ripple-SEC Lawsuit: Details

“SHIB Needs 10,000 Years To Hit $1,” Shiba Inu Holder Says, Here’s Why

XRP Price Analysis for December 17

Terra’s Do Kwon Still Refuses to Release Collateral Logs Following $80 Million Pocketing Scandal