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Bitcoin, the king of cryptocurrencies, reached $35000 a few minutes ago, but quickly fell back to $34900. Although the selling pressure in the resistance zone prevented the area from being breached, it is important that this critical area be tested for the second time in two days

The price of Bitcoin has formed a new support level at $30000, as digital currencies have continued to grow for a week despite their increasing dominanceAfter continuing to rebound last week, the price of Bitcoin (BTC) has retested at a level of $30000. The transaction price of Bitcoin is $30135, which has increased by 1

The Ethereum (ETH) price chart shows an upward triangular pattern that has been ongoing for several months, and has recently broken through this downward trend. ETH is currently retesting its key resistance level of $1639 over the past year

With the rise of competitors and the decrease in online activity, Ethereum's struggle with key resistance levels on the daily chart may be a precursor to deeper challengesIn recent market trends, Ethereum has been facing some obstacles. The inspection of its daily chart indicates that Ethereum is currently at a critical moment

Bitcoin shows bullish signs, but the short-term supply and demand situation raises concerns that a slight drop below $28000 may provide revenue opportunities. However, traders should wait for a retest of key levels on Monday (October 16)

Bitcoin, the undisputed king of the cryptocurrency market, is once again at a turning point. As Pioneer's digital assets rapidly approach the level of $29000, traders and investors are closely monitoring key price levels and market indicators to determine the possible next steps

Based on existing evidence, Bitcoin maintains a bullish trend on the daily chart, but the upward path may not be linear and may take some time to achieve.Bitcoin has a bullish trend, but insufficient demand in the short term is a worrying issue

Bitcoin prices are consolidating above the support level of $28000. If BTC breaks through the resistance zone of $28550, it may gain a bullish outlook

On chain data indicates that Ethereum's closing price below $1530 may lead to a significant decline in cryptocurrency.Currently, Ethereum's support level is very weak below $1530In a new post on X, analyst Ali discusses the current support and resistance levels of Ethereum

Limited institutional interest in Ethereum in the context of a bear marketIn the context of the crypto bear market, starting from October 2nd, six different Ethereum futures financial instruments officially began trading, but have not yet reignited institutional investors' enthusiasm for ETH. The total trading volume of ETH futures ETFs on their first day was less than $1

Given that the trading price of Bitcoin (BTC) continues to be below $30000, people are beginning to doubt whether this leading cryptocurrency can break through this psychological price level.Market analyst Michael van de Poppe conducted in-depth research on this situation and proposed that BTC should continue to create higher lows and hold onto the $27500 area to obtain the necessary momentum

In recent weeks, Ethereum (ETH), the main asset in the cryptocurrency market, has not received a warm welcome from the market due to price declines and unstable on chain performance. Overall, the overall situation of the cryptocurrency market has not significantly improved, as most counterfeit currencies have not been able to maintain an upward trend