Downtrend

Bitcoin has maintained its position above $9,000 for the past three weeks as the bulls and the bears were undecided about the direction of price. The market retested the $10,000 supply zone immediately after price rally but the bulls were resisted. Bitcoin is currently fluctuating in a tight range between the $9,000 and $9,600 price levels. The price may go either way as the buyers and sellers tussle for price.

The 5 cryptocurrencies under review on Coinidol.com world news outlet have all moved to the bull market as others consolidate at the oversold region. The Dogecoin, TRON and Bitcoin SV have moved up as soon as the initial resistances were broken.

The Litecoin price dropped to a low of $60 after being repelled at the $64 price level. Surprisingly, in the previous days the bulls were making impressive moves before the price fell to its previous low. This signifies that the coin has no buying ability at the upper price levels. Meanwhile, the bulls are regrouping again to retest the resistance level.

Bitcoin consolidates above $9,000 with buyers and sellers undecided about the next move. The small body candlesticks like Doji and Spinning tops are above the $9,000 supply zone representing market indecision about price next move.

XRP has made no significant price movement as it continues to trade below the $0.30 price level. Recently, the coin has been making false breakout above the $0.30 resistance level. Each time, the bulls break above the resistance  level the price pulls back below the resistance level. The XRP lacks buying power at the $0.30 resistance level.

Litecoin Price Analysis: Litecoin bounces from the low of $50 demand zone. The LTC may be in a sideways move if it faces another resistance at the $64 price level.

After the recent surge in price by BTC, other crypto currencies are making positive moves after attaining a bullish break. Binance Coin, NEO, Bitcoin SV are making positive moves except for Stellar and IOTA.

In the last 24 hours, BCH fell to a low of $202 and bounced sharply from the bottom of the tight range. This implies that the fluctuations are likely to continue for a few more days as the bulls push the price to the overhead resistance level. On October 24, 2019, the market now fluctuates between the levels of $202 and $240 price levels.

The coins under review are still in bear control but are currently reaching bearish exhaustion. The  BNB, EOS, Monero, TRON, and Cardano fell short of buyers at the demand zones of the chart. However, if the bulls are more than the bears, the coins will appreciate. TRON is promising as it makes a positive move in the uptrend zone.