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Yesterday, Bitcoin rose above $69,000 and got a reaction from there, falling to $68,000. Will this rise in Bitcoin continue? Where is Bitcoin headed? Bitcoin, Ethereum, Dogecoin and Pepe analysis is here.
What are the Support and Resistance Zones in Bitcoin and Other Cryptocurrencies?
Bitcoin (BTC): In the last 24 hours, Bitcoin fell 0.1 percent and continued its horizontal course. The leading cryptocurrency saw a slight increase, hovering around $68,500. A significant resistance level remains at $69,000, and if the price rises above this level, a rise could push BTC towards the $70,000 level. The nearest support is at $67,700, where a drop could lead to further selling.
Ethereum (ETH): Ethereum is consolidating around $2,600 and the resistance is at $2,650. A break above this level could signal further upside momentum. The nearest support is at $2,600.
Dogecoin (DOGE): DOGE is up over 5% in the last 24 hours and the price is currently holding steady around $0.144, while the resistance is at $0.147. A breakout could push the price even higher, while support at $0.131 is holding strong.
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Pepe (PEPE): PEPE is up 1.2% in the last 24 hours and is currently trading around $0.00001062. It recently broke through significant resistance to set a target of $0.00001250, but overbought conditions could lead to a short-term correction.
Bitcoin Liquidation Map
When we look at the Bitcoin liquidation map, we see a concentration in the $ 69,500 and $ 68 to $ 68,700 regions. It is possible that the market will test these levels during periods when it is looking for liquidation.
Trend Coins
When we look at trending cryptocurrencies, the first thing that stands out is Dog Food Token with an increase of over 16 percent. Among the biggest risers, Big Time is in first place with an increase of over 24 percent, while MAGA is among the biggest fallers.
Upcoming Cryptocurrency Events
In the events that are always in the spotlight in the crypto world, the closest event to take place is RNDR to REDNER Migration, which will take place on October 23. In addition, the rebranding process is expected to take place on October 21 in Worldcoin.
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