Bitcoin Price Rose Towards $43K Pushing Altcoins Up

On Monday, September 27, Bitcoin climbed towards $43K pushing cryptos up. This increase made Ethereum, the largest altcoin, gain 8.76% and stay at the $3K price level.

The world’s largest cryptocurrency by market cap progressed 3.92% to $43,924.35 with a 24-hour change of $1,657.14.

Currently, Bitcoin has a market capitalization of $826.96 billion. It has a 24-hour volume of $905.94 million with a low of $40,810.24 and a high of $44,333.00.

For a few sessions in earlier tradings, BTC struggled beneath the price level of $43,000.

Then, it fell under $41,000 but the bulls secured the $40,750 area. Oppositely, bears tried to clear the $40,750 zone yet they failed.

This resulted in a price increase wherein Bitcoin established a double bottom pattern just about the $40,750 level. It continued to rise and cleared the resistance levels of $42,000 and $42,800. 

Also, BTC broke over the connecting bearish trend line with resistance close to $42,400 based on the BTC/USD pair hourly chart.

Additionally, Bitcoin freed the $50% Fibonacci retracement level of the descending movement to $40,750 low from $45,153 high.

Now, it is trading over the $43,000 level and the 100 hourly simple moving average.

In addition, the price is consolidating close to the 76.40% Fibonacci retracement level of the sliding move to $40,750 low from $45,153 high.

Positively, Bitcoin’s possible immediate resistance is close to $44,800 where its first major resistance is near $45,000.

An analyst stated that there would be a close over the levels of $44,800 and $45,000 that could begin a steady increase.

Crypto Climbed as Bitcoin Increased

Furthermore, Ethereum smashed 8.76% to $3,123.90 with a market capitalization of $368.36 billion and a 24-hour volume of $22.14 billion.

Likewise, Litecoin jumped 2.91% to $152.81 with a market capitalization of $10.23 billion with a 24-hour volume of $3.28 billion.

Consequently, Bitcoin Cash hopped 0.95% to $510.03 with a market capitalization of $9.65 billion and a 24-hour volume of $5.78 billion.

Also, Chain Link grew 2.70% to $24.85 with a market capitalization of $11.34 billion and a 24-hour volume of $1.84 billion.

Additionally, Uniswap spiked 31.70% to $25.16 with a market capitalization of $15.42 billion and a 24-hour volume of $1.89 billion.