Bitcoin price and Ethereum may make a sustained move higher

by James · October 3, 2022

Bitcoin price is eyeing an upside break above $19,500.
Ethereum faces resistance near $1.320, XRP could rise again if it clears $0.455.
RSR, MKR and EGLD are up over 5%.

Bitcoin price remained in an area above the $18,900 level. BTC is currently (11:10 UTC) eyeing an upside break above $19,300. If there is a close above $19,300 and $19,500, there could be a sustained move higher.

Likewise, most major altcoins are eyeing an upside breakout. ETH is struggling to clear the $1,320 resistance zone. XRP may attempt another rise above the $0.455 resistance. ADA consolidates above $0.42.

Table of Contents

Bitcoin price

After a minor decline below $19,000, the bitcoin price found support. BTC remained in an area near the $19,000 level. It now faces decent resistance near the $19,250 zone and the 50-hour simple moving average. There is also a continuous bearish trend line at $19,300 on the hourly chart. The next major resistance is near $19,500, above which the price could test the $20,000 zone.

On the downside, an initial support is near the $18,900 level. The next major support is near the $18,500 zone, below which the price may gain bearish momentum.

Ethereum price

Ethereum price also rose below the $1,280 level. ETH tested the $1,260 support zone and is currently correcting higher. It now faces resistance near the $1,300 level and a continuous bearish trend line on the hourly chart. The 50-hour simple moving average is also just above the trend line. The next major resistance is near the $1320 level, above which the price may visit the $1350 resistance.

On the downside, an immediate support is near the $1,280 level. The next major support is $1,260, below which price may gain bearish momentum.

ADA, BNB, SOL, DOGE and XRP price

Cardano (ADA) is now consolidating above $0.42. If there is a downside break, the price could test $0.405. The next major support is $0.400.

BNB is attempting a slow rise above the $285 level. The first major resistance is near the $295 and $300 levels. Any further gains could send it towards $312 in the coming sessions.

Solana (SOL) holds the support level at $32. If there is another rise, the price may face resistance near the $33.50 level. The next major resistance on the upside is $35.

DOGE is hovering near the $0.060 level. An immediate resistance is near the $0.0608 level, above which the price could test $0.0620. The main support is near the $0.0585 level.

The XRP price is struggling to rise above the $0.45 zone. If there is a clear move above the $0.450 and $0.455 levels, the price may test $0.465. The next major resistance is near the $0.48 level.

Other altcoins market today

A few altcoins are slowly rising, including RSR, MKR, EGLD, UNI, CAKE, BNB, LEO, XTZ, RVN, BNX, and TWT. Of these, RSR increased over 5% and passed the $0.010 level.

Overall, the bitcoin price is attempting an upside break above the $19,300 and $19,500 levels. If BTC succeeds, the price could rise towards the $20,500 level.

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