Bitcoin<\/p>\n
Bitcoin, BTC to USD, rallied by 13.37% in the week ending 10th October. Following an 11.70% gain from the week prior, Bitcoin ended the week at $54.691.0.<\/p>\n
A mixed start to the week saw Bitcoin fall to a Monday intraweek low $46,897.0 before making a move.<\/p>\n
Steering well clear of the first major support level at $42,965, Bitcoin rallied to a Sunday intraweek high $56,450.0.<\/p>\n
Bitcoin broke through the 23.6% FIB of $50,473 and the first major resistance level at $51,357.<\/p>\n
The extended rally also saw Bitcoin break through the second major resistance level at $54,473.<\/p>\n
In spite of a pullback to sub-$55,000 levels, Bitcoin closed out the week above the second major resistance level.<\/p>\n
5 days in the green that included a 7.43% jump on Wednesday delivered the upside for the week.<\/p>\n
Bitcoin would need to avoid the $52,679 pivot to support a run the first major resistance level at $58,462.<\/p>\n
Support from the broader market would be needed for Bitcoin to break out from last weeks high $56,450.0.<\/p>\n
Barring an extended crypto rally, the first major resistance level would likely cap any upside.<\/p>\n
In the event of an extended breakout, Bitcoin could test the second major resistance level at $62,232 before any pullback.<\/p>\n
A fall through the $52,679 pivot would bring the 23.6% FIB of $50,473 and the first major support level at $48,909 into play.<\/p>\n
Barring an extended sell-off, Bitcoin should steer clear of the sub-$48,000 levels and the second major support level at $43,126.<\/p>\n
At the time of writing, Bitcoin was up by 1.40% to $55,454.4. A mixed start to the week saw Bitcoin fall to an early Monday low $54,430.0 before rising to a high $55,635.0.<\/p>\n
Bitcoin left the major support and resistance levels untested early on.<\/p>\n
Ripples XRP rose by 7.65% in the week ending 10th October. Following an 11.83% breakout from the previous week, Ripples XRP ended the week at $1.13621.<\/p>\n
A bearish start to the week saw Ripples XRP fall to a Monday intraweek low $1.00679 before making a move.<\/p>\n
Story continues<\/p>\n
Steering clear of the first major support level at $0.9315, Ripples XRP rallied to a Sunday intraweek high $1.22855.<\/p>\n
Ripples XRP broke through the 38.2% FIB of $1.0659 and the first major resistance level at $1.1341.<\/p>\n
Ripples XRP also broke through the second major resistance level at $1.2130 before falling back to end the week at $1.13 levels.<\/p>\n
2-days in the green that included a 9.16% breakout on Saturday delivered the upside in the week.<\/p>\n
Ripples XRP would need avoid the $1.1239 pivot level to support a run at the first major resistance level at $1.2409.<\/p>\n
Support from the broader market would be needed, however, for Ripples XRP to break out from last weeks high $1.22855.<\/p>\n
Barring an extended crypto rally, the first major resistance level would likely cap any upside.<\/p>\n
In the event of another extended breakout, Ripples XRP could test resistance at $1.40 levels before any pullback. The second major resistance level sits at $1.3456.<\/p>\n
A fall through the $1.1239 pivot would bring the 38.2% FIB of $1.0659 and the first major support level at $1.0192 into play.<\/p>\n
Barring an extended sell-off in the week, Ripples XRP should steer clear of sub-$1.00 levels. The second major support level sits at $0.9021.<\/p>\n
At the time of writing, Ripples XRP was up by 0.98% to $1.14734. A mixed start to the week saw Ripples XRP fall to an early Monday morning low $1.12787 before rising to a high $1.15648.<\/p>\n
Ripples XRP left the major support and resistance levels untested early on.<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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Bitcoin and Ripples XRP Weekly Technical Analysis October 11th, 2021 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin Bitcoin, BTC to USD, rallied by 13.37% in the week ending 10th October. Following an 11.70% gain from the week prior, Bitcoin ended the week at $54.691.0. Continue reading