πŸš€πŸ’°πŸ“ˆ What’s Next for Bitcoin, Ethereum And Solana Price? BTC Eyes $70k Levels

Irma - Oct 27 - - Dev Community

πŸš€ Bitcoin Analysis $BTC
Major support for Bitcoin is between $64,100 and $64,500, with further support around $63,000. A larger zone exists between $60,200 and $61,200. On the upside, resistance is noted at $69,500, with additional resistance at $72,000 and $73,500. The volume profile shows significant trading activity between $66,700 and $68,300, making it a key area for traders.

πŸ“Š Market Sentiment
The daily RSI indicates overbought conditions, suggesting a cooldown. Price action has been neutral over the past week, reflecting this sentiment.

πŸ”— Ethereum Analysis $ETH
Ethereum recently bounced off critical support around $2,430 after a consolidation phase. The support range between $2,430 and $2,475 is significant for potential reversals. Resistance is noted between $2,550 and $2,580, with stronger resistance between $2,700 and $2,800.

πŸ“ˆ Bullish Divergence
A bullish divergence on the 4-hour chart, with lower price lows and higher RSI lows, suggests a potential upward move.

πŸ’₯ Solana Analysis $SOL
Solana is bouncing from the $159 to $163 support zone, previously resistance, signaling this area as new support. Despite the bullish structure, sideways price action is likely as Solana faces resistance.

πŸ› οΈ Support and Resistance
Support stands at $159-$163, while resistance lies in the $170-$175 range, with further resistance at $183-$187.

πŸ“‰ Market Sentiment
Solana, like Ethereum, hints at neutral price action. It recently broke out of an inverse head and shoulders pattern, but current resistance levels could slow upward momentum.

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