Bitcoin (BTC) rose to a new all-time high today, reaching nearly $ 67,000. Ether (ETH) has also broken above its immediate resistance and has started its march towards the all-time high. This drove the total market cap of the crypto sector to a new all-time high of over $ 2.64 trillion.

The successful debut of ProShares’ Bitcoin Strategy Exchange Traded Fund (BITO) was the trigger to boost sentiment in the crypto space. ProShares’ ETF trading volume topped $ 1 billion on day one, making it the second most successful ETF debut based on day one trading volume.

Daily performance of the cryptocurrency market. Source: Coin360

A panel of 50 fintech industry specialists hired by Finder believes that strong on-chain fundamentals, a favorable macro environment, and approval of the Bitcoin ETF could push Bitcoin to $ 80,000 by the end of the year.

Could Bitcoin piggyback the positive sentiment created by the successful launch of the Bitcoin ETF and continue its march north? Will Altcoins also continue their upward trend? Let’s check out the top 10 cryptocurrency charts to find out.

BTC / USDT

Bitcoin broke immediate resistance at $ 62,933 on October 19, followed by another sharp move higher today that drove the price above the previous all-time high of $ 64,854 on April 14.

BTC / USDT daily chart. Source: TradingView

If the bulls hold the price above the breakout level at $ 64,854, bullish momentum could continue to pick up. The BTC / USDT pair could then rebound to the overhead resistance at USD 75,000.

The strong upward movement of the past few days has pushed the Relative Strength Index (RSI) above 78, suggesting that the rally could be overdrawn in the short term. This could result in a few days of consolidation or a minor correction.

Unless the bulls give way much from current levels, this will indicate strength and improve the prospect of a continuation of the uptrend.

The critical level to be observed on the downside is at $ 60,000. A break and close below this support is the first sign that traders are aggressively posting gains at higher levels.

ETH / USDT

Ether bounced off the neckline of the Inverse Head and Shoulders (H&S) neckline on October 19, suggesting that bulls will buy into this support when dips. Strong buying drove the price above the overhead resistance of $ 4,027.88 today.

ETH / USDT daily chart. Source: TradingView

The rising moving averages and the RSI in positive territory indicate an advantage for the bulls. If buyers hold the price above $ 4,027.88, the ETH / USDT pair could rise to the all-time high of $ 4,372.72.

This level could act as a strong resistance again, but if the bulls clear the hurdle, the pair could hit the pattern target at $ 4,657 and then challenge the psychological level at $ 5,000.

This positive assessment will be invalidated if the price drops from current levels and falls below $ 3,200.

BNB / USDT

Binance Coin (BNB) is gradually moving towards $ 518.90, which had acted as a hard barrier on two previous occasions. Therefore, the bears can try again to vigorously defend this level.

BNB / USDT daily chart. Source: TradingView

If the price moves down from $ 518.90, the BNB / USDT pair could hit the 20-day EMA ($ 450). A strong rebound from this level suggests that sentiment has turned positive and traders are buying the dips.

That increases the chance of a break and a close above $ 518.90. The pair could then begin their march north to the model target at $ 554. This bullish view will be invalidated if price goes down and drops below the right shoulder at $ 392.20.

ADA / USDT

Cardano (ADA) tries to ricochet off the support line of the symmetrical triangle pattern. If the bulls push the price above the 20-day EMA ($ 2.19), the altcoin could rise to the resistance line of the triangle.

ADA / USDT daily chart. Source: TradingView

A break and a close above the triangle signal that the uncertainty has dissolved in favor of the buyer. The ADA / USDT pair could then rise to $ 2.47 and if crossed that level the upside move could hit $ 2.80.

Alternatively, if the price is falling from current levels or from overhead resistance and falling below the triangle, it indicates that supply is exceeding demand. The pair could then fall to the critical support at $ 1.87.

XRP / USDT

XRP formed an inside-day candlestick pattern on October 18-19, suggesting indecision between bulls and bears. That uncertainty cleared today with a break above $ 1.10 on the upside.

XRP / USDT daily chart. Source: TradingView

The bulls will now try to push the price above the downtrend line. If they succeed, the XRP / USDT pair could rise to $ 1.24 and if that resistance is crossed, the next stop could be the critical level at $ 1.41.

If the price deviates from the downtrend line, the pair could fall back to $ 1. A break and close below this support complete a bearish triangle pattern that could lower to $ 0.85.

SOL / USDT

The bulls have successfully defended the moving averages for the past few days, suggesting an accumulation at lower levels. Buyers will now seek to push Solana (SOL) above the overhead resistance zone between $ 171.47 and $ 177.79.

SOL / USDT daily chart. Source: TradingView

A closing price above $ 177.79 completes an ascending triangle pattern with a target target of $ 226.94. The rally may not be linear as bears are expected to be challenging on the psychological level at $ 200 and then at the all-time high of $ 216.

On the other hand, if the price is falling from current levels, it suggests that bears are selling aggressively in rallies. A break and a close below the trendline invalidates the bullish setup. The SOL / USDT pair could then fall to the critical support at $ 116.

DOT / USDT

The bulls have successfully kept Polkadot (DOT) above the breakout level at $ 38.77 for the past few days. This suggests strong accumulation by the bulls as they expect the rally to resume.

DOT / USDT daily chart. Source: TradingView

The rising moving averages and the RSI just below the overbought area show that buyers have the upper hand. A breakout and a close above $ 44.78 could push the price to the all-time high of $ 49.78.

On the flip side, if the price turns down from current levels and falls below the 20-day EMA ($ 37.84), it indicates a strong comeback for the bears. The DOT / USDT pair could then hit the 50-day SMA ($ 33.63).

Related: Cointelegraph Consulting: ETFs Listed – What’s Next for Bitcoin?

DOGE / USDT

The bulls pushed Dogecoin (DOGE) above the downtrendline on October 18th but failed to hold the higher levels, as evidenced by the long wick on the daily candle. Buyers tried again to break the overhead hurdle on the downtrendline on October 19, but failed.

DOGE / USDT daily chart. Source: TradingView

After failing twice, the bulls try again today to push the price above the downtrend line and hold it. Such a move will invalidate the developing descending triangle pattern and pave the way for a possible rally to $ 0.32 and then to $ 0.35.

Contrary to this assumption, this suggests that the bears will aggressively defend the downtrendline if price deviates from the downtrendline and falls below the 20-day EMA ($ 0.23).

If bears let the price dip below the 20-day EMA, the DOGE / USDT pair could fall into the strong support zone at $ 0.21 to $ 0.19.

MOON / USDT

The Terra Protocol’s LUNA token broke below the 50-day SMA ($ 36.66) on October 17, but the bears were unable to pull the price below the strong support at $ 34.86. Failure to do so appears to have attracted buying from aggressive bulls, who propelled the price above the overhead resistance of $ 39.75 today.

LUNA / USDT daily chart. Source: TradingView

The LUNA / USDT pair could now climb to $ 45.01 where the bears are likely to offer strong resistance. If the price drops down from this level but rebounds from the breakout level at USD 39.75, it suggests that the bulls have the upper hand.

A breakout and close above $ 45.01 could push the pair to an all-time high of $ 49.54. On the contrary, if the price moves down from current levels and falls below $ 39.75, it will indicate strong selling at higher levels. The pair could then fall to $ 34.86.

UNI / USDT

Uniswap (UNI) traded in a narrow range between the clipping line of the possible inverse H&S and the 20-day EMA ($ 25.32). This indicates indecision among the bulls and bears about the next directional move.

UNI / USDT daily chart. Source: TradingView

A breakout and close above the neckline will complete the bullish setup. The UNI / USDT pair could then move higher to $ 31.41 and if crossed that level the upside move could hit the pattern target at $ 36.98.

Conversely, if the price drops down from current levels and falls below the moving averages, the decline may extend to $ 22. This is an important level for the bulls to defend as a break below it could lower the pair to $ 18.

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Cointelegraph. Every investment and trading movement involves risks. You should do your own research when making a decision.

Market data is provided by HitBTC Exchange.

#Crypto market #bitcoin