Bitcoin rate jumped 29% per night

The growth began on Friday at 18:34, and by 5 a.m. on Saturday, the Bitcoin exchange rate was already $ 10,540. BTC's total capitalization reached $ 172 billion. Ethereum grew by 14% in the bull market, while 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 over 20 days is$ 8238, and the average value for 50 days 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 26, Bitcoin's market capitalization grew 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