Daily Analysis: BTC, ETH, SOL, BFC, TRB

20.10.2023

Markets are on bull activity today, with the global market cap sitting 2.7% above its previous 24-hour mark, as the total cap still stands at $1.11T as of press time. The fear and greed index is still at 49 as markets maintain neutrality. The global trading volume is 11% up in 24 hours, at $43.6B as of press time.

Bitcoin price analysis

Bitcoin (BTC) has started on bull activity, as Bitcoin price stood at $29.2K as of press time after recording a daily decrease of 3.4% and a weekly rise of 9.2%. As a result of the Bitcoin price, the token’s trade volume jumped by 53% during the same period and is presently at $17.3B.

The Bollinger bands are now diverging, showing increasing volatility levels on Bitcoin Price. Despite the dip, the Relative Strength Index (RSI) is above the average line in the overbought, showing bull dominance on Bitcoin price.

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) is also riding on bull activity, as Ethereum price stood at $1584 after recording a daily increase of 2.1%, as the weekly rise now stands at 2.9%. ETH’s trade volume jumped by 15% during the same period and is presently at $5.2B.

The Bollinger bands are now diverging, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on Ethereum price.

ETH 1-day chart | Source: TradingView

Solana price analysis

Solana (SOL) is also riding on bull activity, as Solana price stood at $26.3 after recording a daily increase of 10.3%, as the weekly rise now stands at 23%. SOL’s trade volume jumped by 148% during the same period and is presently at $842M.

The Bollinger bands are now diverging, showing high volatility levels on Solana Price as the Relative Strength Index (RSI) moves above the average line in the overbought region, showing bull dominance on Solana price.

SOL 1-day chart | Source: TradingView

Bifrost price analysis

Bifrost (BFC) is riding on massive bull activity, as Bifrost price stood at $0.06268 after recording a daily increase of 80.3%, as the weekly rise now stands at 69%. BFC’s trade volume jumped by a staggering 16686% during the same period and is presently at $66.9M.

The Bollinger bands are now diverging, showing high volatility levels on Bifrost Price as the Relative Strength Index (RSI) moves above the average line in the overbought region, showing bull dominance on Bifrost price.

BFC 1-day chart | Source: TradingView

Tellor price analysis

Tellor (TRB) is also riding on bull activity, as Tellor price stood at $63.01 after recording a daily increase of 3.9%, as the weekly rise now stands at 31%. TRB’s trade volume jumped by a 10% during the same period and is presently at $61.7M.

The Bollinger bands are now diverging, showing high volatility levels on Tellor Price as the Relative Strength Index (RSI) moves above the average line close to the overbought region, showing bull dominance on Tellor price.