Bitcoin and Ethereum – Weekly Technical Analysis – October 18th, 2021

Bitcoin

Bitcoin, BTC to USD, rose by 12.48% in the week ending 17th October. Following a 13.37% rally from the week prior, Bitcoin ended the week at $61,504.0.

A mixed start to the week saw Bitcoin fall to a Tuesday intraweek low $53,837.5 before making a move.

Steering well clear of the 23.6% FIB of $50,473 and the first major support level at $48,909, Bitcoin rallied to a Saturday intraweek high $62,900.0.

Bitcoin broke through the first major resistance level at $58,462 and the second major…


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