Market Updates
Analysts say that the upcoming days will be crucial for Bitcoin as it will determine if it keeps going up or below the resistance level.
We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC & ETH updates, recent investments, developments of exciting new projects, and other relevant topics. Here is everything you need to know from October 2nd to 6th.
Analysts say that the upcoming days will be crucial for Bitcoin as it will determine if it keeps going up or below the resistance level. The price recently surpassed $27.5K, but then went back to the $26K mark. If the price holds at the $27.5K level, then it is more likely to move towards $30k. If it doesn’t, then analysts predict it might move towards $20K. Similarly, ETH must hold the $1.75K level to prevent a crash. However, investors are hopeful for more upward movement in the coming weeks.
BTC is trading at $27.7K when writing, up 0.06% in the last 24 hours. ETH is trading at $1.63K, down 0.23% in the previous 24 hours.