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October 3, 2022
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Bitcoin remains strong at $ 19,000, Altcoins fluctuate

After a small drop, the price of bitcoin remained stable above the $ 19,000 level. The BTC is rising slowly and is currently (13:00 UTC) trading above the $ 19,200 level. Bulls need to gain strength above $ 19,400 and $ 19,500 to start a strong rise.
In addition, most major altcoins are traded above major supports, including Ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, Bitcoin cash and ADA. ETH / USD was above $ 575 and rose above $ 585. On the other hand, XRP / USD is extending its decline below the support levels of $ 0.488 and $ 0.485.

Total market capitalization

Source: www.tradingview.com

Bitcoin Price

In the last two sessions, the bitcoin price it was mostly traded in a range above the $ 19,000 support. BTC has done well with bids above $ 19,000 and has recently rebounded above $ 19,200. Immediate resistance is close to the $ 19,380 level. The main obstacle is still close to the $ 19,450 and $ 19,500 levels.
If there is a further decline, the levels of $ 19,050 and $ 19,000 are decent supports. A clear break below the $ 19,000 level could initiate a fall towards the $ 18,500 support level.

Ethereum Price

The price of Ethereum is trading with a positive trend above the support levels of $ 575 and $ 580. ETH broke through the level of $ 585, but nevertheless still faces strong resistance close to the levels of $ 595 and $ 600. A successful close above $ 600 is necessary for a sustained upward movement.
If bulls are unable to clear $ 595, the price may drop below $ 580. The first key support is close to the $ 575 level, below which the price can test the $ 565 level.

Bitcoin Cash, Litecoin and XRP price

The spot price of Bitcoin Cash overcame bitcoin and ether, with a strong bullish move above the $ 275 and $ 280 resistance levels. The BCH has risen more than 7% and has even traded close to the $ 290 level. The main resistance is at $ 295 and $ 300, above which bulls can test the $ 320 level.

Litecoin (LTC) is consolidating above the $ 80.00 level. The LTC rose above $ 81.20, opening the door for a boost to the levels of $ 83.50 and $ 84.00. If there is a clear break above $ 84.00, the price could rise to the $ 86.50 level. On the other hand, a break below $ 80.00 may increase selling pressure in the short term.

XRP price fell 3% and extended its decline below the $ 0.485 support level. There is an important support aligned to $ 0.475, below which the price may fall to the $ 0.450 support. Further losses could bring the XRP to $ 0.425. Above, the $ 0.500 level is a great resistance.

Other altcoins trade today

In the past few hours, some altcoins have gained strength, including ZIL, ALGO, DOT, ANT, UNI, BAND and RUNE. Of these, the ZIL rose 7% and is trading above the $ 0.034 resistance.

In short, the price of bitcoin is stable above the $ 19,000 level. That said, the BTC is expected to offset resistance levels of $ 19,450 and $ 19,500 to initiate a sharp increase in the coming sessions.

Source: CryptoNews

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