{"id":96262,"date":"2020-10-23T22:13:12","date_gmt":"2020-10-23T19:13:12","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\/"},"modified":"2020-10-23T22:13:12","modified_gmt":"2020-10-23T19:13:12","slug":"price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\/","title":{"rendered":"# Price analysis 10\/23: BTC, ETH, XRP, BCH, BNB, LINK, DOT, LTC, ADA, BSV"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ab67c5f057\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ab67c5f057\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\/#BTCUSD\" >BTC\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\/#ETHUSD\" >ETH\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\/#XRPUSD\" >XRP\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\/#BCHUSD\" >BCH\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\/#BNBUSD\" >BNB\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\/#LINKUSD\" >LINK\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\/#DOTUSD\" >DOT\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\/#LTCUSD\" >LTC\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\/#ADAUSD\" >ADA\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\/#BSVUSD\" >BSV\/USD<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Price analysis 10\/23: BTC, ETH, XRP, BCH, BNB, LINK, DOT, LTC, ADA, BSV     <\/strong>&#8221;<\/p>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5ldS1jZW50cmFsLTEuYW1hem9uYXdzLmNvbS9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTAvYzBlZWY4OTQtZDJkZS00NzM1LWExNGItNWQ0OTEwODEwNjAwLmpwZw==.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices.\n                &lt;p&gt;PayPal\u2019s crypto announcement acted as a trigger that drove Bitcoin (BTC) price to a new 52-week high. During such <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>-based events, traders holding short positions are caught off guard and are forced to cover their trades, resulting in the type of short squeeze seen during the Oct. 21 rally.\n<\/code><\/pre>\n<p>However, after this initial burst, the next leg of the uptrend is only possible if demand picks up and the bulls continue to buy at higher levels.<\/p>\n<p>Data from Huobi exchange suggests that pro traders are not convinced that the current rally warrants the opening of long positions and Cointelegraph contributor Marcel Pechman explained that this could be a bearish signal. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/a5ae922c-4e47-4b82-82ae-2a427bf04ce4.png\" \/><figcaption style=\"text-align: center\"><em>Daily cryptocurrency market performance. Source: <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/coin360.com\/sharing\/0-pl0nevx5n8_1591987263073\"><em>Coin360<\/em><\/a><\/figcaption><\/figure>\n<p>On the other hand, the open interest on CME Bitcoin futures paints a different picture. The CME has now become the second biggest Bitcoin futures exchange in terms of open interest, second only to OKEx. This suggests that institutional demand could be picking up. <\/p>\n<p>This opposing set of data from Bitcoin futures exchanges only adds to the confusion among traders about the next possible move.<\/p>\n<p>Let\u2019s go a little deep into the psychology of the traders for a better understanding. Institutional investors rarely buy because of FOMO as they are <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly more averse to <\/p>\n<p>These large traders may wait for the rally to sustain and complete a successful retest of the breakout level before buying. <\/p>\n<p>Let\u2019s take a look at the top-10 cryptocurrencies in order to determine what the technical indicators project.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BTCUSD\"><\/span>BTC\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin (BTC) broke out and closed above the $12,460 resistance on Oct. 21. This move helped the cryptocurrency notch a new 52-week high, which is a sign of strength. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/85c6ab1d-ab7a-42f0-b00c-1f357790bfdc.png\" \/><figcaption style=\"text-align: center\"><em>BTC\/USD daily chart. Source: <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The 20-day exponential moving average ($11,679) is sloping up and the 50-day simple moving average ($10,943) has also started to rise. This shows that both the short-term and the medium-term trend favors the bulls.<\/p>\n<p>However, the rally above $13,000 pushed the relative strength index close to 81, a level which attracted profit booking the last two times it was reached. <\/p>\n<p>The BTC\/USD pair is facing selling above $13,000 but the bulls do not seem to be in a hurry to close their positions. If the pair does not drop below $12,460 within the next few days, it will increase the possibility of a rally to $14,000.<\/p>\n<p>On the contrary, if the bears can pull the price below the $12,460\u2013$12,050 support zone, it will suggest a lack of demand at higher levels. Such a move will suggest that the current breakout was a bear trap.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ETHUSD\"><\/span>ETH\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ether (ETH) broke out and closed above $395 on Oct. 22. This move completed the ascending triangle pattern, which has a target objective of $478.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/927b02dc-e44c-49a3-92b7-4bf18089fdfe.png\" \/><figcaption style=\"text-align: center\"><em>ETH\/USD daily chart. Source: <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The rising 20-day EMA ($377) and the RSI in the positive territory suggest that the bulls have the upper hand.<\/p>\n<p>However, the bears are currently trying to pull the price back below the breakout level of $395. If they succeed, it will signal that the current breakout was a fake one. The next support on the downside is the uptrend line.<\/p>\n<p>Conversely, if the ETH\/USD pair rebounds off $395, it will suggest that the breakout is valid. The uptrend could pick up momentum after the bulls push the price above $421.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"XRPUSD\"><\/span>XRP\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>XRP attempted to rise above the $0.2295\u2013$0.26 range on Oct. 21 but the bulls could not close the price above $0.26. This suggests a lack of buyers at higher levels.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/324fb92a-f552-45f4-a774-5634efa358b9.png\" \/><figcaption style=\"text-align: center\"><em>XRP\/USD daily chart. Source: <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The failure of the XRP\/USD pair to break out of the range could have attracted profit booking. If the price breaks below the moving averages, it will suggest that the range-bound action is likely to extend for a few more days.<\/p>\n<p>Contrary to this assumption, if the price rebounds off the 20-day EMA ($0.24), the bulls will once again attempt to drive the pair above the $0.26\u2013$0.265763 resistance zone.<\/p>\n<p>A breakout and close (UTC time) above the resistance zone will complete an inverted head and shoulders pattern that could signal the start of a new uptrend with a target objective of $0.30.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BCHUSD\"><\/span>BCH\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin Cash (BCH) is currently facing selling near the overhead resistance at $280. This shows that the bears are trying to keep the price below this level. If they succeed, a drop to the 20-day EMA ($247) is possible.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/6f23e6dc-c03b-4faf-8386-3a172d661d9b.png\" \/><figcaption style=\"text-align: center\"><em>BCH\/USD daily chart. Source: <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BCHUSD\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>However, the upsloping 20-day EMA and the RSI close to the oversold zone suggest that the path of least resistance is to the upside.<\/p>\n<p>If the bulls can push the price above $280, a move to $300 is possible. This level could act as resistance but if the bulls can thrust the price above it, the BCH\/USD pair could resume the uptrend and reach $326.30\u2013$337.90. <\/p>\n<p>This bullish view will be invalidated if the pair turns down from the current levels and breaks below the critical support at $242.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BNBUSD\"><\/span>BNB\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Binance Coin (BNB) broke above the downtrend line on Oct. 22. This suggests that the correction could be over. The upsloping moving averages and the RSI above 56 suggest that bulls have the upper hand.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/618dddf6-7b3e-46ab-b81c-14baffe5bfcb.png\" \/><figcaption style=\"text-align: center\"><em>BNB\/USD daily chart. Source: <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BNBUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>If the bulls can push the price above $31.9798, a retest of the 52-week high at $33.3888 is possible. A breakout and close above this level could resume the uptrend that can challenge the all-time high at $39.5941.<\/p>\n<p>This bullish view will be invalidated if the price continues to decline from the current levels and plummet below $28.50. Such a move could start a deeper correction to $22.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"LINKUSD\"><\/span>LINK\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Chainlink (LINK) completed an ascending triangle pattern when it broke and closed above $11.8028 on Oct. 22. The target objective of this bullish setup is $15. <\/p>\n<p>The gradually upsloping 20-day EMA ($10.71) and the RSI above 57 suggest that bulls have the upper hand.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/c34a5af9-66e5-44f5-a6df-5b7cd4e8189d.png\" \/><figcaption style=\"text-align: center\"><em>LINK\/USD daily chart. Source: <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/LINKUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>However, the bears are not willing to let bulls have their way. They are currently attempting to drag the price back below the $11.199\u2013$11.8028 support zone. If they manage to do that, it will suggest that the current breakout was a bull trap.<\/p>\n<p>On the other hand, if the bears fail to sustain the price below the support zone, it will indicate that the bulls are accumulating on dips. This could increase the possibility of a rally to $13.28 and higher.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"DOTUSD\"><\/span>DOT\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Polkadot (DOT) closed above the 20-day EMA ($4.17) on Oct. 22. The bulls will now try to push the price above the overhead resistance at $4.6112. A close above this resistance could drive the price to $5.5899.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/e55c8b03-6643-4c85-b5c0-7299f3918086.png\" \/><figcaption style=\"text-align: center\"><em>DOT\/USD daily chart. Source: <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/DOTUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The 20-day EMA has flattened out and the RSI has risen above the 50 levels for the first time in more than a month. This suggests that the selling pressure has reduced and the bulls are attempting to make a comeback.<\/p>\n<p>However, if the price again slips back below the 20-day EMA, the DOT\/USD pair could extend its stay inside the range for a few more days. The pair may turn negative if the bears sink the pair below the critical support at $3.5321.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"LTCUSD\"><\/span>LTC\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Litecoin (LTC) completed an inverse head and shoulders pattern when it broke out and closed above the $51\u2013$52.36 resistance zone. The pattern target of this bullish reversal setup is $61.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/501c51e1-b8f9-45e8-acb4-8b229a3dba5e.png\" \/><figcaption style=\"text-align: center\"><em>LTC\/USD daily chart. Source: <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The upsloping 20-day EMA ($49) and the RSI near the overbought zone suggest that bulls are in control.<\/p>\n<p>However, after the initial run-up, the price may retest the breakout zone of $51\u2013$52.36. If the bulls purchase the dip to this zone and the price recovers sharply, it will suggest that the zone may act as a floor in the future.<\/p>\n<p>This bullish view will be invalidated if the bears drag and sustain the LTC\/USD pair below $51. Such a move will suggest that the current breakout was a bull trap.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ADAUSD\"><\/span>ADA\/USD <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cardano (ADA) has been trading inside a rising wedge pattern for the past few days. The bulls have failed to push the price above the im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te resistance at $0.1142241, which shows a lack of demand at higher levels.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/4e039054-a3f2-4f7c-be98-586188cafb02.png\" \/><figcaption style=\"text-align: center\"><em>ADA\/USD daily chart. Source: <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ADAUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The rising wedge is usually considered as a bearish setup. The pattern will complete when the price drops and closes below the support line of the wedge. Such a move could drag the price down to $0.090 and then to $0.0755701.<\/p>\n<p>However, the upsloping 20-day EMA ($0.10) and the RSI in the positive zone suggest a minor advantage to the bulls. If the buyers can propel the price above the wedge, the ADA\/USD pair could start an up-move that may reach $0.01445.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BSVUSD\"><\/span>BSV\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin SV (BSV) has formed a symmetrical triangle pattern, which shows indecision among the bulls and the bears. Although the bulls had pushed the price above the triangle on Oct. 22, they could not sustain the higher levels. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/5f63b269-1eaf-4634-9116-913b89fc683e.png\" \/><figcaption style=\"text-align: center\"><em>BSV\/USD daily chart. Source: <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BSVUSD\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The price has turned down from the downtrend line and the bears will now try to sink the BSV\/USD pair to the uptrend line of the triangle. If this support cracks, a drop to $146.20 is possible.<\/p>\n<p>Conversely, if the pair rebounds off the uptrend line, the bulls will once again attempt to push the price above the triangle. If they can pull it off, a rally to $180.63 and then to $227 could be on the cards.<\/p>\n<p><em>The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.<\/em><\/p>\n<p><em>Market data is provided by <\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/hitbtc.com\/\"><em>HitBTC<\/em><\/a><em> exchange.<\/em><\/p>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/price-analysis-10-23-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-bsv\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Price analysis 10\/23: BTC, ETH, XRP, BCH, BNB, LINK, DOT, LTC, ADA, BSV &#8221; Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices. &lt;p&gt;PayPal\u2019s crypto announcement acted as a trigger that drove Bitcoin (BTC) price to a new 52-week high. During such news-based events, traders holding short positions&#8230;<\/p>\n","protected":false},"author":1,"featured_media":96263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/c0eef894-d2de-4735-a14b-5d4910810600.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75302,75166,74862,75163,74937,75165,75378,75167,74863,74891,74938,76111,75168,75164,75557,73785],"class_list":["post-96262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoins","tag-binance-coin","tag-bitcoin","tag-bitcoin-cash","tag-bitcoin-price","tag-bitcoin-sv","tag-cardano","tag-chainlink","tag-cryptocurrencies","tag-ethereum","tag-ethereum-price","tag-litecoin-price","tag-polkadot","tag-price-analysis","tag-xrp","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/96262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=96262"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/96262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/96263"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=96262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=96262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=96262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}