The growth began on Friday at 18:34, and by 5 a.m. on Saturday the Bitcoin rate was already $10,540. The total capitalization of BTC reached $172 billion. During the bull market, Ethereum grew by 14%, and Ripple added 9%.
In just 6 hours 45 minutes, bitcoin increased16.56%, reaching $ 8745. The second jump of 23% began at 3 a.m. and led to the mark of $ 10,477. Then BTC began to weaken and fell to $ 9600, losing 8%. If the cryptocurrency still maintains an upward momentum, the next resistance level is expected at around $ 10,286.
Today, support and resistance levels look like this:
- First resistance level: $ 10,000
- Second resistance level: $ 10,200
- Third resistance level: $ 10586
- First level of support: $ 9500
- Second level of support: $ 9000
- Third level of support: $ 8500
The average BTC rate for 20 days is$8238, and the 50-day average is − $8905. The current trading price has reached $9904, which is 11% and 20% higher than the 50-day average and 20-day average price respectively. Between October 25 and October 26, Bitcoin's market capitalization increased from $156 billion to $172 billion.
You can follow the Bitcoin exchange rate on the Bithumb Global exchange, which announced the launch of the Russian-language version of the platform.
text: Dmitry Tokarev
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