Latest Bitcoin and Cryptocurrency Market Update – October 12

What’s the latest situation in Bitcoin and popular altcoins? How long will the upward trend continue? What are the key support and resistance levels? We’ve gathered all the details, including liquidations, the top gainers and losers, upcoming events, and more!

Key Levels for Bitcoin Throughout the Day

Bitcoin (BTC) quickly reacted after clearing the liquidity at the $59,100 level, reaching the resistance zone between $62,800 and $63,500, marked with a grey box on the chart. If the price fails to break through the $63,500 level with strong volume, a pullback to $61,300 could be expected. Should the price fall below the $59,000 mark, the next support level is found around $57,400.

• Bitcoin (BTC): The BTC/USDT pair has gained 3.09% over the last 24 hours and is currently trading at $62,680. The key resistance levels for BTC are first at $62,400, followed by $64,500. On the downside, support levels are $61,300 and, below that, $58,900.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market include Simon’s Cat, Taiko, and Neiro. Among the top gainers are HarryPotterObamaSonic10Inu (ETH), Neiro, and Axelar. On the other hand, Uniswap, Beldex, and CoinEx are leading the list of top losers.

• Ethereum (ETH): The ETH/USDT pair has gained 1.36% in the last 24 hours and is currently trading at $2,444. Resistance levels for ETH are $2,475, followed by $2,520. Support levels are $2,420 and, below that, $2,330.
• Optimism (OP): The OP/USDT pair has gained 9.59% over the past 24 hours and is currently trading at $1.73. Resistance levels for OP are first at $1.733, followed by $1.772. Support levels are $1.65, with a lower support at $1.473.
• Injective (INJ): The INJ/USDT pair is up 6.37% over the last 24 hours and is trading at $20.54. Resistance levels are found at $20.86, followed by $21.3. Support levels are $20.315 and, lower, at $20.16.
• Sei (SEI): The SEI/USDT pair has gained 7.39% in the last 24 hours, trading at $0.4488. Resistance levels are first at $0.46, followed by $0.473. Support levels are $0.438 and, lower, at $0.377.

Bitcoin Liquidation Map

Looking at the 12-hour Bitcoin liquidation map, the most prominent liquidation zone is found at $63,518, with $22.41 million. On the downside, the next significant liquidation zone is at $62,225, valued at $15.98 million.