Bitcoin is currently showing a sideways movement. However, the market may start to become active soon. The reason for this is the expected announcement of the Federal Reserve (Fed) interest decision tomorrow and the subsequent speech by Federal Reserve Chairman Powell. Also this week, US economic data will be released, and all this data can have a significant impact on Bitcoin. Powell’s speech could especially have a significant impact on the markets.

You might like: FED Interest Rate Decision, Weekly Developments!

The Latest Status in Cryptocurrencies – 31 October

‣ Bitcoin (BTC) BTC/USD pair is trading at 34264 dollars level with a 0.75% decrease. Resistance levels for BTC are in the range of 36000 dollars – 39800 dollars, while the support levels are in the range of 31000 dollars – 30200 dollars.

‣ Ethereum (ETH) ETH/USDT pair is trading at 1802 dollars level with a 0.44% decrease. Resistance levels for ETH are in the range of 1885 dollars – 1960 dollars, while the support levels are in the range of 1815 dollars – 1789 dollars.

‣ Dydx (DYDX) DYDX/USD pair is trading at 2.39 dollars level with a 1.89% decrease. Resistance levels for DYDX are in the range of 2.59 dollars – 2.74 dollars, while the support levels are in the range of 2.27 dollars – 2.00 dollars.

‣ ApeCoin (APE) APE/USD pair is trading at 1.35 dollars level with a 1.94% decrease. Resistance levels for APE are in the range of 1.40 dollars – 1.60 dollars, while the support levels are in the range of 1.30 dollars – 1.09 dollars.

‣ Bluzelle (BLZ) BLZ/USD pair is trading at 0.317 dollar level with a 13.63% increase. Resistance levels for BLZ are in the range of 0.323 dollar – 0.394 dollar, while the support levels are in the range of 0.287 dollar – 0.262 dollar.

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