On Friday, October 01, the price of Bitcoin remained stable in the bullish zone and is currently trading above $43K. This pushed most altcoins up as Ethereum rose 0.40%.
The world’s largest cryptocurrency by market cap hopped 0.05% to $43,635.51 with a 24-hour change of $22.21.
Currently, Bitcoin’s market capitalization is $821.58 billion. Then, it has a 24-hour volume of $1.06 billion with $42,739.50 low and $44,098.32 high.
In earlier trading, the price was stable in the positive area and extended its rally over the level of $43,000.00.
It even cleared the $43,500.00 level and stayed over the 100 hourly simple moving average.
However, Bitcoin is still having a hard time breaking the resistance levels of $44,200.00 and $44,400.00.
A while ago, a high was formed at just about $44,100.00. Now, it is trading below that level but above $43,000.00 and the 100 hourly simple moving average.
Based on the analysis, a swift foundation is near the $43,500.00 level.
Also, there is an increasing channel establishing with support close to $43,300 based on the BTC/USD pair hourly chart.
Moreover, this passage support is near the 23.60% Fibonacci retracement level of the previous rise to $44,100.00 high from $40,891.00 low.
Then, Bitcoin’s first major resistance is near $44,400.00 wherein the price could begin a major increase. Additionally, its next major resistance is just about $45,500.
An analyst stated that BTC could start a new falling correction if the price fails to break the resistance zone of $44,100.00. Then, swift support on the downside is near $43,500.00.
Crypto Mostly Up as Bitcoin Rises
Furthermore, Ethereum jumped 0.42% to $3,003.90 with a market capitalization of $353.46 billion and a 24-hour volume of $16.84 billion.
Likewise, Litecoin increased 1.93% to $153.77 with a market capitalization of $10.21 billion and a 24-hour volume of $2.47 billion.
Consequently, Bitcoin Cash gained 1.34% to $502.87 with a market capitalization of $9.48 billion and a 24-hour volume of $1.08 billion.
Also, Uniswap added 1.73% to $24.27 with a market capitalization of $14.97 billion and a 24-hour volume of $589.70 million.
On the other hand, Chain Link plummeted 0.99% to $23.73. It has a market capitalization of $10.82 billion and a 24-hour volume of $874.56 million.
The same with Cardano which decreased 0.50% to $2.10. It has a market capitalization of $67.35 billion and a 24-hour volume of $2.74 billion.