BITCOIN ANALYSIS TODAY (October 29)
Bitcoin price trend today October 29 will continue to fluctuate around the $ 20,000 mark.
On the Coindesk exchange, at 3:30 p.m. on October 28, the Bitcoin price traded at $20,104, down 3.6% in the past 24 hours. Thus, each BTC "flies" more than 500 USD compared to the previous trading session.
Statistical data for the past 24 hours shows that the world's most popular and valuable virtual currency fluctuates between 20,043 - 20,752 USD (lowest price - highest).
According to CoinMarketCap, Bitcoin trading volume is around $49.1 billion, market capitalization at $385.6 billion.
Over the past 24 hours, the cryptocurrency market has generally fallen. Ethereum down 3.1%, BNB down 1.18%, XRP down 3.28%, Cardaro down 6.31%...
Total market capitalization decreased to $975.8 billion, equivalent to a decrease of $1.5 billion compared to the same period yesterday.
According to a report by the Bureau of Economic Analysis, the US economy in the third quarter grew at a rate of 2.6%, higher than the 2.3% growth forecast from Dow Jones. According to a measure used by the US Federal Reserve (Fed), the chain price index, a measure of the cost of living that reflects changing consumer behavior, rose 4.1% in the third quarter, lower than compared to the forecast of 5.3% increase. Main inflation increased by 4.2%, down sharply from 7.3%.
Technically
The $20200 zone reacts quite well, however the trend will have a span towards the $20400 support zone. After that, there is a high probability of moving to the $22000 zone.
On the Coindesk exchange, at 3:30 p.m. on October 28, the Bitcoin price traded at $20,104, down 3.6% in the past 24 hours. Thus, each BTC "flies" more than 500 USD compared to the previous trading session.
Statistical data for the past 24 hours shows that the world's most popular and valuable virtual currency fluctuates between 20,043 - 20,752 USD (lowest price - highest).
According to CoinMarketCap, Bitcoin trading volume is around $49.1 billion, market capitalization at $385.6 billion.
Over the past 24 hours, the cryptocurrency market has generally fallen. Ethereum down 3.1%, BNB down 1.18%, XRP down 3.28%, Cardaro down 6.31%...
Total market capitalization decreased to $975.8 billion, equivalent to a decrease of $1.5 billion compared to the same period yesterday.
According to a report by the Bureau of Economic Analysis, the US economy in the third quarter grew at a rate of 2.6%, higher than the 2.3% growth forecast from Dow Jones. According to a measure used by the US Federal Reserve (Fed), the chain price index, a measure of the cost of living that reflects changing consumer behavior, rose 4.1% in the third quarter, lower than compared to the forecast of 5.3% increase. Main inflation increased by 4.2%, down sharply from 7.3%.
Technically
The $20200 zone reacts quite well, however the trend will have a span towards the $20400 support zone. After that, there is a high probability of moving to the $22000 zone.