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BTC, ETH and ETC Price Analysis for September 29



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Denys Serhiichuk

Are there any coins that have accumulated enough power to rise?

Bulls keep controlling the situation on the market as all of the top 10 coins are in the green zone.

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has risen by 2% since yesterday.

BTC/USD chart by TradingView

From the technical point of view, Bitcoin (BTC) keeps trading sideways as none of the sides has accumulated enough energy to seize the initiative. Currently, one needs to pay close attention to the psychological mark of $20,000.

If the rate gets there, traders can expect a sharp move, followed by the breakout of the resistance level at $20,415.

Bitcoin is trading at $19,372 at press time.

ETH/USD

Ethereum (ETH) has outperformed Bitcoin (BTC) with growth of 2.52% over the last 24 hours.

ETH/USD chart by TradingView

Despite the rise, Ethereum (ETH) is trading similar to Bitcoin (BTC), as the main altcoin keeps gathering strength. The falling volume also confirms that statement. The further upward move might be possible only when ETH reached the $1,400 zone. Until that happens, bears remain more powerful than bulls.

Ethereum is trading at $1,326 at press time.

ETC/USD

Ethereum Classic (ETC) has followed the rise of other coins, going up by 1.16%.

ETC/USD chart by TradingView

Ethereum Classic (ETC) is looking bearish on the daily chart as the price is coming back to the recently formed support level at $27. In addition, the volume is decreasing, which means that no one is willing to buy the altcoin at the current prices. All in all, closure near $27 may generate a fast drop to the $25-$24 area within the next few days.

Ethereum Classic is trading at $27.43 at press time.



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