The pioneer cryptocurrency remained stagnant during the third week of October.
October looks promising to Bitcoin traders as the price hiked in spite of pushes from regulators.
On Wednesday, 14th October, BTC/USD was trading in the price range between $11,430 and $11,568.
On Tuesday, October 8th, the main digital currency, is slightly growing, trading near $10,632.
Regulators heat up the pressure on crypto after the two Iranian flagships reached the Venezuelan cost. It is assumed that the Venezuelan government paid the Iranian for the delivered gasoline in crypto.
In general terms, Ethereum had a month of losses in September with two downward waves and bleak prospects of a recovery in the near term.
On Thursday, October 1st, ETH is stable, trading near $362.50.
The flagship cryptocurrency continued on a downswing on Tuesday.
Bitcoin is trying to restore after a drawdown yesterday. It is now trading at around $10,336.
Cryptocurrencies continue correcting not far from important support levels. If they break these areas, the entire cryptocurrency market may continue the correction much deeper.
Bitcoin and Ethereum uptrend rejected by MA200.
Today, on September 17th, the BTC rate pushed off an important resistance level – $11,000. Currently, it rests at $10,842.
Ethereum gained 4.16% for the last 24 hours as the team working on the Phase 0 transition published several updates as EIPs to the environment.
The cryptocurrency market is trying to recover. And if such assets as Bitcoin and Ethereum are looking quite confident in favor of further growth, the other ones, like Litecoin and EOS are very likely to fall and test their respective support areas.
Bitcoin for the first time since the early September crash, is showing signs of its comeback.