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On Friday, October 8, Bitcoin experienced a large upward wave followed by a correction. The first cryptocurrency ended the day at values close to $ 53,500 after setting a local high of around $ 56,000. However, Saturday October 9 started with a further surge in the price of the largest digital asset, raising hopes that the iconic $ 60,000 resistance level will soon be broken.
For several days now, Ethereum has been trying to break through the resistance level, and each attempt is quickly overlooked by sellers forcing the price back to its original values. As of this writing, the second largest cryptocurrency is trading around $ 3,600.
If this momentum continues, the momentum of the first altcoin could soon be reversed causing a series of sales and bringing this asset to its support level. However, this will depend on the fluctuations of Bitcoin.
Index of fear and greed
This Saturday, October 9, the fear and greed index stagnates in the greed zone. The fact that the indicator has not yet reached the market euphoria zone is an argument for the continued growth of Bitcoin. At the moment, it is still not profitable for the whales to drive the price of the first cryptocurrency down.
Top 10 altcoins
The ten most popular altcoins according to CoinMarketCap are pretty much all in the green zone. The positive dynamics of Bitcoin allows to consider the purchase of crypto assets.
Celer Network (CELR)
This Saturday, the best performing token of the day among the 100 most traded cryptocurrencies is Celer Network (CELR). This asset generated approximately 30% profit for its holders in the space of a single day.
Terra (LUNA) becomes the loser of this new day. The price of this asset has fallen by around 7% in the space of one day.
Bitcoin has finally managed to break the iconic resistance level and it seems that the enthusiasm of the buyers has not yet been exhausted. While local pullbacks may still occur, global momentum is now clearly bullish. You should take advantage of this opportunity to earn money, especially if you have successfully purchased assets at relatively low prices.
I am sure that blockchain and cryptocurrency are the future, and I want to get this idea across to everyone because the more people believe in cryptocurrency, the sooner the future will come.
DISCLAIMER OF LIABILITY
Comments and opinions expressed in this article belong solely to the author and should not be construed as investment advice. Do your own research before making investment decisions.
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