At the beginning of October, Bitcoin and a few other cryptocurrencies appear to be in good shape, but will this bullish trend last?

On September 30, the House and Senate of the United States reached a short-term agreement that prevented a 45-day government shutdown. The BTC price of Bitcoin may have increased in response to this news.

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$27,615

intense rally on October 1. The historically great performance of Bitcoin in October may have also contributed to the increase in attitude.

In October, the U.S. financial markets are also at their best. The S&P 500 Index (SPX) has increased by an average of 0.9% in October between 1950 and 2021, according to data from the Stock Trader’s Almanac. The fact that the stock market survived one of its greatest falls during the Black Monday meltdown in October 1987 does not, however, imply that the bulls may relax.

In the cryptocurrency markets, a little upward movement is probable, but it is unlikely to spark a wild rally. Profit-taking is anticipated to occur at higher levels as the surging US dollar index (DXY) can keep bulls on their toes.

What are the key overhead resistance levels for Bitcoin and other cryptocurrencies that can entice sellers? Let’s examine the graphs to learn more.

In most cases, the price reverses direction and retests the breakdown level, in this case 4,325. That occurred on September 29. Bulls and bears are anticipated to engage in a fierce battle along the neckline of the setup.

Price turning lower and breaking below 4,238 will signal that bears are in charge. This might hasten the selling, sending the index plummeting to the 4,043 goal set by the pattern.

Selling at 4,325 and then at the 20-day exponential moving average ($4,370) are expected to be the first hurdles for any comeback attempt. The first indication of strength will be a breach above this obstacle. After that, the index can climb to the downward trend line.

Analysis of US dollar index prices

A spectacular run has been seen in the U.S. dollar index.

On September 29, sellers attempted to bring the price back down below the 106-point breakout level, but the candlestick’s extended tail indicates strong buying at lower levels. The 106 level will be the target for the bulls to turn it into support. If successful, the index might increase to 108.

It’s unlikely that the bears will give up easily. They’ll try to lower the price below 106 and then the 20-day exponential moving average. That will trap the hostile bulls if they are successful. When that happens, the index might fall to its 50-day simple moving average

The bulls will attempt to drive the price to $31,000, where they are likely to run into strong bearish resistance. The BTC/USDT pair may remain trapped inside the broad range between $31,000 and $24,800 if the price declines drastically from this level.

The 20-day EMA ($26,862) is the second support on the downside after $28,143. The aggressive bulls may become trapped if the price drops down below $28,143. This can cause the price to move toward the 20-day EMA. If sellers wish to take charge, they must lower the price below this mark.

Price analysis of ether

Ether

ETH

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$1,665

pierced the 50-day SMA ($1,652) on September 29 and then sharply rallied again on October 1.

If a rally above $1,746 occurs, the ETH/USDT pair will form a double bottom pattern with a target of $1,959. Sellers will do everything in their power to stop the recovery at $1,746. They will have to drag the price back below the moving averages to weaken the positive momentum. The 20-day EMA ($1,644) has turned up.

Price analysis for BNB
BNB
BNB

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$216

On September 29 and 30, the price declined from the 50-day SMA ($216), but it found support near the 20-day EMA ($214). This implies a bullish sentiment where dips are bought.

Bulls are in the lead since the moving averages are about to cross in a bullish direction and the RSI is in the green zone. The beginning of a fresh uptrend will be suggested by a break and closure above $220. The BNB/USDT pair may initially increase to $235 and then reach $250.

In contrast to this presumption, the bears will once more try to drag the pair below the 20-day EMA if the price declines from $220. If they are successful, it will mean that the consolidation might last a few extra days.

pricing study of XRP

XRP

XRP

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$0.51

Bulls held the retest of the breakout level on September 30 after rising over the symmetrical triangle pattern on September 29. This implies that bulls are back in the game

$24

The overhead barrier at $0.56 is the next target for buyers to try and push the price to. This is a crucial milestone to watch since a rally over it can signal the beginning of a fresh upswing that will lead to the pattern target of $0.64.

On the other hand, if the price declines from $0.56, it may indicate that the bears are still in it and are still selling during rallies. This might keep the XRP/USDT pair stuck in the $0.41–$0.56 region for a little longer.

Analysis of Solana prices

Solana

SOL

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$24

On October 1, it exploded above the $22.30 overhead barrier, signaling that the bulls are on the verge of a comeback.

The overhead barrier at $0.56 is the next target for buyers to try and push the price to. This is a crucial milestone to watch since a rally over it can signal the beginning of a fresh upswing that will lead to the pattern target of $0.64.

On the other hand, if the price declines from $0.56, it may indicate that the bears are still in it and are still selling during rallies. This might keep the XRP/USDT pair stuck in the $0.41–$0.56 region for a little longer.

Analysis of Solana prices

Solana

SOL

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$24

The overhead barrier at $0.56 is the next target for buyers to try and push the price to. This is a crucial milestone to watch since a rally over it can signal the beginning of a fresh upswing that will lead to the pattern target of $0.64.

On the other hand, if the price declines from $0.56, it may indicate that the bears are still in it and are still selling during rallies. This might keep the XRP/USDT pair stuck in the $0.41–$0.56 region for a little longer.

Analysis of Solana prices

Solana

SOL

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$24

The overhead barrier at $0.56 is the next target for buyers to try and push the price to. This is a crucial milestone to watch since a rally over it can signal the beginning of a fresh upswing that will lead to the pattern target of $0.64.

On the other hand, if the price declines from $0.56, it may indicate that the bears are still in it and are still selling during rallies. This might keep the XRP/USDT pair stuck in the $0.41–$0.56 region for a little longer.

Analysis of Solana prices

Solana

SOL

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$24

On October 1, it exploded above the $22.30 overhead barrier, signaling that the bulls are on the verge of a comeback.

The rapid upward movement has overbought the RSI, indicating that resistance may soon be encountered by the rally. At $25.50 and subsequently at $27.12, the bears might try to halt the uptrend. If the price declines from this point, it will indicate that the $14 to $27.12 price range is still valid.

The 20-day EMA ($20.50) is a crucial support to keep an eye on on the downside. To slow the bullish pace, sellers will need to pull the SOL/USDT pair down below this level.

Related: A trader claims that Bitcoin “reeks of disbelief” as the price of BTC approaches $28.5K.

Analyses of cardano prices

Cardano

ADA

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$0.262

On October 1, the price surged above the downtrend line and the 50-day SMA ($0.25), invalidating the bearish descending triangle pattern that had been building.

In general, a bearish setup failing is a good indication since it signals bulls who have been standing by to purchase. Prior to it, though, the price could decline and retest the breakout level.

If the level remains stable, the bulls have successfully turned the downtrend line into support. The ADA/USDT pair may then begin to rise, reaching $0.29 and then $0.32.

On the other hand, it will show that the markets have rejected the higher levels if the price declines and re-enters the triangle. The critical support level at $0.24 may then be retested by the pair.

Analyses of dogecoin prices

Dogecoin

DOGE

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$0.06

On September 29, it crossed the 20-day EMA ($0.06) and surpassed the 50

Although the 20-day EMA is flat, the RSI has risen into the green, signaling a change in momentum. A close above the 50-day SMA would signal the beginning of a potential uptrend to $0.07. The DOGE/USDT pair may encounter this level as a little obstacle, but if it is overcome, it is likely to rise to $0.08.

The bears are running out of time. They will need to swiftly push the price back below the 20-day EMA if they want to stop the rally. The crucial support at $0.06 may then be tested again by the pair.

Price analysis of toncoin

Toncoin’s (TON) relief bounce fizzled out around $2.31 on Sep. 28, signaling that the bears are selling at higher levels. The price moved down but the bulls heThe bears renewed their selling on Oct. 2 and pulled the price below the vital support at $2.07. If the price sustains below this level, the selling could intensify and the TON/USDT pair risks tumbling down to the 50-day SMA ($1.84). On the upside, the bulls will have to drive the price above $2.31 to open the doors for a possible retest of the overhead resistance at $2.59. This level may again attract aggressive selling by the bears.