The recent investor movement around Bitcoin ETFs suggests that the market expects Bitcoin to break out of its all-time highs. Will altcoins follow suit? Follow along as we analyze the prices of some of the top cryptocurrencies on October 18.

🪙𝘽𝙞𝙩𝙘𝙤𝙞𝙣 (𝘽𝙏𝘾)

On October 19, Bitcoin (BTC) traded at $389,652, breaking through the $68,500 resistance. This movement signaled the resumption of the uptrend. The inflow of $2.1 billion into Bitcoin ETFs in the US reinforced confidence in the asset. Despite this, some analysts are suggesting caution, as the increase in open interest on Bitcoin futures could indicate a possible correction.

The next target is $73,777, which will be a key hurdle for the bulls to overcome. However, a drop below $64,268 at the 20-day exponential moving average could indicate a short-term reversal to a bearish trend.

🪙𝙀𝙩𝙝𝙚𝙧 (𝙀𝙏𝙃)

Ether (ETH), trading at $15,069.12, remained close to the resistance of a triangle pattern. A breakout of this resistance could see the price rally to $2,850, with a possible subsequent rally to $3,400. On the other hand, a drop below the moving averages could keep the pair inside the triangle pattern for longer, delaying the rally.

🪙𝘽𝙉𝘽

BNB (R$3,417.30) continues on an upward trajectory and is approaching the resistance of $635. A breakout could lead the price to reach $722 or even $810. Otherwise, a drop below the moving averages could indicate a sideways movement between $460 and $635.

🪙𝙎𝙤𝙡𝙖𝙣𝙖𝙣𝙖 (𝙎𝙊𝙇)

Solana ($882.38) is attempting to stay above the 20-day EMA ($148) with a possible breakout taking the price to $189. However, a dip below the uptrend line could suggest a correction to $127.

🪙𝙓𝙍𝙋

XRP (R$3.12) broke its moving averages recently but failed to sustain higher levels. If the price breaks below the uptrend line, it could drop to $0.50. Otherwise, a rally to $0.64 could occur if the bulls push again.

🪙𝘿𝙤𝙜𝙚𝙘𝙤𝙞𝙣 (𝘿𝙊𝙂𝙀)

Dogecoin ($0.8287) broke above a symmetrical triangle, indicating a possible rally to $0.19. If the price returns to the triangle, the bulls will have to defend the 20-day EMA support to prevent further declines.

🪙𝙏𝙤𝙣𝙘𝙤𝙞𝙣 (𝙏𝙊𝙉)

Toncoin (R$ 30.02) has faced resistance in the moving averages. If the bulls break this level, the price could rise as high as $7. Conversely, a break below $4.72 could suggest a bearish pattern targeting $3.50.

🪙𝘾𝙖𝙧𝙙𝙖𝙣𝙤 (𝘼𝘿𝘼)

Cardano ($2.02) has been trading within a tight range, oscillating between $0.33 and $0.37. A breakout of this resistance could propel the price to $0.40, while a decline could take the pair to $0.27.

🪙𝘼𝙫𝙖𝙡𝙖𝙣𝙘𝙝𝙚 (𝘼𝙑𝘼𝙓)

Avalanche ($161.43) finds support at the 20-day EMA ($27.30). A breakout of the resistance line of the triangle pattern could propel the price to $42. However, a break below the support line suggests a decline to $17.

🪙‍

Shiba Inu ($0.0001099) is close to the $0.000020 resistance. A break above this level could lead the price to $0.000028, while a drop below the 20-day EMA could extend its consolidation in the $0.000012 to $0.000020 range.

With Bitcoin nearing its all-time high, altcoins could follow suit, provided there is no correction in the short term. However, investors should remain cautious, especially with the potential for volatility in the markets.