RATE Group | Bitcoin and Altcoins Remain Supported On Dips
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Bitcoin and Altcoins Remain Supported On Dips

31 Oct Bitcoin and Altcoins Remain Supported On Dips

Posted at 12:46h in Bitcoin News by

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Recently, there was a downside correction in bitcoin below the USD 9,250 support area. BTC/USD tested the USD 9,000 support area and it is currently (08:00 UTC) consolidating losses. If the price breaks the USD 9,000 support, it could correct further towards USD 8,850 or USD 8,700.

Similarly, many major altcoins are correcting lower and approaching key supports, including ethereum, EOS, bitcoin cash, ripple, litecoin, binance coin, ADA, TRX, and XLM. ETH/USD declined below the USD 185 support and it is currently holding the USD 180 support. XRP/USD is still struggling to break the USD 0.300 resistance, but trading above the USD 0.292 support.

Total market capitalization

Bitcoin and Altcoins Remain Supported On Dips 101
Source: www.tradingview.com

Bitcoin price

After a close below USD 9,400, bitcoin price extended its downside correction and traded below USD 9,250. BTC/USD even traded below the USD 9,150 support and tested the USD 9,000 level. The price is currently consolidating above the USD 9,000 support and it could…

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