Bitcoin and Ripple’s XRP – Weekly Technical Analysis – October 19th, 2020

Bitcoin Bitcoin rose by 1.18% in the week ending 18th October. Following a 6.53% gain from the week prior, Bitcoin ended the week at $11,518.0. It was a choppy start to the week. Bitcoin fell to a Monday intraweek low $11,111.0 before finding support. Steering clear of the first major support level at $10,782, Bitcoin bounced back to a Monday intraweek high $11,740.0. Coming up against the first major resistance level at $11,746, Bitcoin fell back to $11,210 levels and into the red on Friday. A relatively bullish end to the week, coming off the back of 2 consecutive days in the green delivered the upside for the week. 4 days in the green that...