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BTC, SHIB and DOGE Price Analysis for October 22

Despite the continuing bullish development, some cash have already entered the correction section.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

After updating the historic most, the Bitcoin (BTC) value rolled again to the $64,895 degree yesterday and tried to keep above it within the first half of the day.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

However, within the afternoon, the quantity of purchases decreased and sellers started to dominate the market. The bears managed to push by means of the help of the 100% Fibonacci degree and roll again the value beneath $63,000. At the tip of the day, the pair examined the extent of $61,850, after which the decline stopped.

Last night time, the BTC value was in sideways consolidation, and within the morning, the pair recovered to the extent of $63,000. If, in the present day, whales attempt to resume the bull run, then there is some chance that the pair can return to the zone of absolutely the most.

Bitcoin is buying and selling at $63,291 at press time.

DOGE/USD

DOGE is the largest loser from the record in the present day because the meme coin has fallen by 4.37%.

DOGE/USD chart by Trading View
DOGE/USD chart by Trading View

DOGE is at the moment buying and selling across the zone of essentially the most liquidity round $0.24. It implies that neither bulls nor bears are dominating for the time being, and merchants are accumulating energy for a additional sharp transfer. Such an announcement is additionally confirmed by a low buying and selling quantity.

In this case, the extra seemingly value motion is sideays buying and selling within the vary of $0.23-$0.25.

DOGE is buying and selling at $0.2390 at press time.

SHIB/USD

SHIB is additionally taking place, falling by nearly 1% since yesterday.

SHIB/USD chart by TradingView
SHIB/USD chart by TradingView

From the technical perspective, SHIB is buying and selling in a vast channel between the help at 2,010 satoshis and the resistance at 3,528 satoshis. Currently, one wants to pay shut consideration when the altcoin reaches these areas. If bulls can hold the rise going, there are good possibilities to see a breakout and additional development.

SHIB is buying and selling at 2,760 satoshis at press time.

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