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Crypto

BTC and ETH Price Analysis for October 17

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The new week has started with a market bounce back as most of the coins are in the green zone.

Top coins by CoinMarketCap

BTC/USD

The price of Bitcoin (BTC) has increased by 1.58% over the last 24 hours.

BTC/USD chart by TradingView

Bitcoin (BTC) might have fixed above the $19,000 mark, which means that buyers are ready to keep the rise going. At the moment, one should pay close attention to the interim resistance level at $19,647. If bulls break it, a further rise to the $20,000 zone is likely. Thus, the rising volume confirms buyers’  strength.

Bitcoin is trading at $19,433 at press time.

ETH/USD

Ethereum (ETH) has gained more than Bitcoin (BTC) with a rise of 2.49% since yesterday.

ETH/USD chart by TradingView

On the daily chart, Ethereum (ETH) is trading similar to Bitcoin (BTC) as the rate is coming close to the resistance level at $1,338. If buyers can hold the gained initiative, the rise may continue up to the $1,360-$1,380 zone. Such a scenario is relevant until the end of the current month.

Ethereum is trading at $1,315 at press time.

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