{"id":11487,"date":"2022-10-26T13:35:13","date_gmt":"2022-10-26T13:35:13","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/10\/26\/bitcoin-could-rally-past-the-22k-resistance-level-as-it-breaks-20500\/"},"modified":"2022-10-26T13:35:14","modified_gmt":"2022-10-26T13:35:14","slug":"bitcoin-could-rally-past-the-22k-resistance-level-as-it-breaks-20500","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/10\/26\/bitcoin-could-rally-past-the-22k-resistance-level-as-it-breaks-20500\/","title":{"rendered":"Bitcoin could rally past the $22k resistance level as it breaks $20,500"},"content":{"rendered":"

[ad_1]
\n<\/p>\n

\n
\n\"\"\n<\/picture>\n <\/div>\n

Bitcoin is seeking to commerce above the $21k level for the first time this month after including greater than 7% to its worth in the final 24 hours.<\/strong><\/p>\n

The cryptocurrency market has continued its glorious begin to the week. Bitcoin, the world\u2019s main cryptocurrency by market cap, has been performing excellently over the final 24 hours.<\/p>\n

Bitcoin has added greater than 7% to its worth thus far at the moment. This rally has seen Bitcoin transfer past the $20k psychology level for the first in two weeks.<\/p>\n

At press time, Bitcoin<\/a> is buying and selling above $20,600 per coin. As the market continues to get well, Bitcoin could rally past the $21k level for the first time this month.<\/p>\n

The rally comes as the broader cryptocurrency market continues its glorious begin to the week. The whole crypto market cap at present stands at $997 billion, up by greater than 7% in the final 24 hours.<\/p>\n

If the market continues its upward motion, the whole market cap could cross the $1 trillion mark earlier than the finish of the day. Ether<\/a> is buying and selling above $1,500 for the first time this month, up by 12% in the final 24 hours.\u00a0<\/p>\n

Key ranges to look at<\/h2>\n

The BTC\/USD 4-hour chart is bullish, as Bitcoin has been performing properly over the final 24 hours. The technical indicators present that Bitcoin is acting on par with the broader market.\u00a0<\/p>\n

<\/p>\n

BTC\/USD Chart By TradingView<\/strong><\/u><\/a><\/p>\n

The MACD line is deep inside the optimistic zone, indicating that the bulls at the moment are in charge of the market. The 14-day RSI of 77 additionally exhibits that Bitcoin could quickly enter the overbought area if the rally continues.<\/p>\n

At press time, Bitcoin is buying and selling at $20,604 per coin. If the bullish pattern continues, Bitcoin could surge past the first main resistance level at $21,312 earlier than the finish of the day.<\/p>\n

In the occasion of an prolonged bullish run, Bitcoin could commerce above $22,600 for the first time in additional than a month.\u00a0<\/p>\n

Where to purchase Bitcoin now<\/h2>\n

\n eToro<\/h3>\n

eToro is a worldwide social funding brokerage firm which gives over 75 cryptocurrencies to put money into.<\/p>\n

It gives crypto buying and selling commission-free and customers on the platform have the choice to manually make investments or socially make investments.<\/p>\n

eToro even has a novel CopyTrader system which permits customers to mechanically copy the trades of common traders. <\/p>\n

\n
\n Buy BTC with eToro today <\/a>
\n