On October 18, Bitcoin reached a new stage in its upward movement, surpassing short-term resistance at $68,500. This may be due to active acquisition by new funds and substantial inflows, reaching $2.1 billion over the past five days.

Reasons for Bitcoin's Rise

A sharp rise in interest in Bitcoin futures may indicate significant price movement ahead. However, some analysts suggest it could lead to a sharp price correction.

Market Instability

Despite positive signals, forecasts for Bitcoin's short-term movement remain mixed. Coinglass claims that such a surge in interest may be temporary.

Overview of Leading Cryptocurrencies Trends

Alongside Bitcoin's rise, despite the unstable situation, interest in alternative cryptocurrencies is increasing. Let's review the dynamics of the top 10 cryptocurrencies to assess their current supports and resistances.

The current market situation indicates ongoing buyer activity, but the exact future developments remain uncertain. Stability is required for further growth, benefiting other cryptocurrencies as well.