Tuesday, October 26, 2021
Home Crypto News Analysis Price Analysis-Bitcoin Makes New Record And Hit 29000 USD, XRP Rises Above...

Price Analysis-Bitcoin Makes New Record And Hit 29000 USD, XRP Rises Above $0.20, ETH Above $740

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After a surge in crypto prices, Bitcoin price spiked above $29,000. BTC is now trading at a new record level near $28,900.

Similarly, there was a small relapse in most large altcoins. ETH/USD went above the $ 745 mark, but again failed to keep up from the resistance of $745 and tested another $720. Conversely, XRP/USD recovered 10% and consolidated above $0.20.

Bitcoin price

There was a decent rise in the Bitcoin price above the resistance level of $28,000. BTC even broke the levels of $28,400 and $28,500. The price traded at a new record level near $29000. The significant supports for Bitcoin is in the $27,250 to $27,500 range. 

Ethereum Price

Ethereum price followed Bitcoin and traded above the $740 level. There was a breakthrough above the $750 resistance level. ETH then corrected below $735, but now ETH is trading above $ 740. The initial support of ETh is at $720. The next big support can be seen near the level of $705.

On the upside, the price faces a major hurdle near the levels of $740 and $745. A clear breakthrough above $745 could open the doors for a steady rise to the levels of $760 and $775.

Bitcoin Cash price

Bitcoin Cash price trades near the level of $350, with initial support near the level of $342. The next major support is near the $330 level. The current price action suggests that BCH could attempt an upward breakthrough above the levels of $360 and $365 in the short term.

Litecoin Price

Litecoin (LTC) corrects gains below the $130 level. LTC tests the level of $125, with large support of $120. If there is more price fall, the price can test the support level of $112. On the other side, the price could attempt another breakthrough above the levels of $130 and $132.

Xrp Price

XRP price started a recovery above $0.195 and $0.200 resistance levels. The price is now trading above the $0.210 level. To stay higher, the bulls need to get stronger than the levels of $0.225 and $0.232. The next big resistance could be close to $0.250.

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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