Analysis of Prices 10/30: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Bitcoin bulls are holding their ground, with the price not dropping significantly on October 30th. This suggests that buyers are staying put in hopes of a new all-time high. Investors poured $827 million into US Bitcoin exchange-traded funds on the 29th, hinting at optimism for a bullish breakout in the near future. Some analysts even predict Bitcoin hitting $100,000 by January 2025.

As traders anticipate a potential uptrend post the United States election, caution is advised as market dynamics can change quickly. The $70,000 level is crucial, with a potential pullback looming. So, will Bitcoin defend this level, and how will altcoins fare?

Bitcoin broke above $69,520, nearing an all-time high on October 29th. The 20-day moving average and RSI signal a bullish trend, with a potential breakout if the price surpasses $73,777. Support lies at $70,000 and the 20-day EMA, with a possible downside to the 50-day SMA if bears take control.

Ether has been following an ascending channel pattern, with a potential rise to the resistance line, indicating buyers’ strength. BNB struggles near the $612 level, with a rally to $635 possible. SOL may drop to the 20-day EMA ($165) before attempting a move to $189. XRP faces resistance at the 20-day EMA ($0.53), with support at $0.50. DOGE could reach $0.23 if it maintains above $0.15. TON faces resistance at the 20-day EMA ($5.12) after bouncing from the $4.44 support area. ADA aims for $0.40, with potential to climb to $0.45 and $0.50. AVAX broke below a support line, but bears failed to sustain the downturn.

In conclusion, the market is poised for potential bullish breakouts, but traders should remain cautious. Bitcoin’s price action post the election, along with altcoins’ performance, will be crucial in the coming days. Stay tuned for more updates on the market trends!