Urgent Bitcoin Price Prediction: Expert Crypto Market Analysis for October 22

The cryptocurrency market faces a **crucial juncture** today, October 22. Investors and traders are closely watching Bitcoin’s movements. Will the leading digital asset maintain its vital support level? This comprehensive **crypto market analysis** delves into the current landscape, offering insights and **Bitcoin price prediction** alongside forecasts for other **major cryptocurrencies**.

Bitcoin Price Prediction: Navigating Key Levels

Bitcoin (BTC) currently stands at a pivotal point. Bulls are working hard to keep the price above the **$107,000 support level**. However, bears continue to apply significant selling pressure. This ongoing battle creates short-term uncertainty. Analysts are divided on Bitcoin’s immediate direction.

Geoff Kendrick, Standard Chartered’s global head of digital assets research, offers a bullish outlook. He told Crypto News Insights that BTC remains on track to hit **$200,000 by late 2025**. Kendrick views the recent sell-off as a prime buying opportunity. This sentiment suggests a strong belief in Bitcoin’s long-term growth trajectory.

Conversely, veteran trader Peter Brandt sees a different scenario. He identifies similarities between BTC’s chart and the 1970s soybean market. That market saw a 50% nosedive after global supply outstripped demand. Brandt informed Crypto News Insights that BTC is forming a **broadening top chart pattern**. This pattern is often associated with market tops. He suggests it could pull the price down to around **$60,000**.

On Tuesday, BTC rallied sharply. Nevertheless, bears quickly halted this recovery attempt at the **50-day simple moving average ($114,137)**. Sellers now aim to push the Bitcoin price below the **$107,000 support**. If successful, this move clears the path for a drop to the psychological **$100,000 level**. Buyers are expected to defend this **$100,000 mark** vigorously. Failure to do so could trigger a new downtrend. A break and close above **$116,000** would signal strength. This could mean the BTC/USDT pair might stay within the **$107,000 to $126,199 range** for longer.

Ethereum Price: Bearish Pressure Continues

The **Ethereum price** (ETH) turned down from its **20-day exponential moving average ($4,062)** on Tuesday. This action indicates that bears are actively selling on minor rallies. Therefore, bearish sentiment persists for Ether.

Bears will likely attempt to push the **Ether price** below the support line of its descending channel pattern. Should they succeed, selling pressure could intensify. The ETH/USDT pair then risks dropping to **$3,350**. To counter this, buyers must drive the price above the moving averages. This would suggest the pair might remain inside the channel for a while. A close above the resistance line would give bulls the upper hand, signaling a potential recovery.

Altcoin Analysis: Key Levels for BNB, XRP, and SOL

Our **altcoin analysis** continues with a look at BNB, XRP, and SOL, three other **major cryptocurrencies** facing their own challenges.

BNB Price: Battle Between Bulls and Bears

BNB has traded between its moving averages since Friday. This indicates a fierce struggle between bulls and bears. The **downsloping 20-day EMA ($1,122)** and **RSI in negative territory** give bears a slight advantage. A close below the **50-day SMA ($1,041)** would signal a new downtrend towards **$932**. Conversely, a close above the **20-day EMA** would suggest bulls have overpowered bears. This could open the door for a relief rally to the **50% Fibonacci retracement level of $1,198**.

XRP Price: Fading Recovery Attempts

XRP’s bounce off the **$2.30 support** quickly fizzled out at the **20-day EMA ($2.55)** on Tuesday. This suggests a negative sentiment prevailing. Bears will try to push the XRP price below the **$2.19 support level**. If successful, the XRP/USDT pair may fall to **$2.06**, and then potentially to **$1.90**. Buyers need to swiftly drive the price above the **20-day EMA** to signal a comeback. The pair could then climb to the **50-day SMA ($2.79)** and later to the downtrend line. A close above the downtrend line would suggest the corrective phase is ending. The pair might then ascend toward **$3.38**.

Solana Price: Bears Retain Control

Solana (SOL) turned down from the **20-day EMA ($198)** on Tuesday. This shows that bears are actively attempting to retain control. The SOL/USDT pair could slide to the support line of its descending channel pattern. Buyers are expected to step in at this point. Bulls must drive the Solana price above the **20-day EMA** to suggest the pair might remain inside the channel. A new upward move could begin on a close above the resistance line. However, sellers have other plans. They will try to sink the price below the support line. If they succeed, the pair could plunge to **$155** and then to **$145**.

Dogecoin, Cardano, and Hyperliquid: What’s Next for Major Cryptocurrencies?

Let’s examine the prospects for more **major cryptocurrencies** including Dogecoin, Cardano, and Hyperliquid as part of our ongoing **altcoin analysis**.

Dogecoin Price: Critical Support at $0.18

Dogecoin (DOGE) failed to rise above the **20-day EMA ($0.21)**. This indicates that bears are selling on minor rallies. The Dogecoin price could dip to **$0.18**. This is a crucial support level to monitor. If bears pull the DOGE/USDT pair below **$0.18**, the next stops are likely **$0.16** and eventually **$0.14**. Conversely, if the price turns up sharply and breaks above the **20-day EMA**, it suggests selling pressure is easing. The pair could then climb to the **50-day SMA ($0.23)** and later to the stiff overhead resistance at **$0.29**.

Cardano Price: Demand Lacking at Higher Levels

Cardano’s (ADA) recovery attempt could not even reach the **20-day EMA ($0.70)**. This indicates a clear lack of demand at higher price levels. Bears will try to increase their advantage by pulling the Cardano price below the **$0.59 support**. If they succeed, the ADA/USDT pair could plummet to the critical support at **$0.50**. Buyers are expected to defend the **$0.50 level** with all their might. A close below it clears the path for a fall to **$0.40**. This negative view will be invalidated in the near term if the price turns up and rises above the breakdown level of **$0.75**. The pair may then climb to the downtrend line.

Hyperliquid Price: Bears Remain in Control

Hyperliquid (HYPE) turned down from the neckline of its head-and-shoulders pattern. This indicates that bears firmly remain in control. The **downsloping 20-day EMA ($40.09)** and the **RSI in negative territory** increase the likelihood of further downside. There is support at **$33.28**. If this level cracks, the HYPE/USDT pair could descend to **$30.50** and then to **$28**. Bulls must drive and maintain the Hyperliquid price above the neckline to signal reducing selling pressure. The pair may rally to the **50-day SMA ($46.42)** and then to **$51**.

Chainlink and Stellar: Observing Critical Supports

Finally, we conclude our **crypto market analysis** by examining Chainlink and Stellar, two more **major cryptocurrencies** with critical levels to watch.

Chainlink Price: Retesting Support Levels

Chainlink (LINK) dipped near the support line of its descending channel pattern. This occurred after buyers failed to push the price above the **20-day EMA ($19.02)**. Sellers will attempt to sink the price below the support line. They aim to retest the **$15.43 level**. Repeated retests of a support level often weaken it. If the **$15.43 level** gives way, the Chainlink price may tumble to **$12.73**. Bulls must push and sustain the price above the **20-day EMA** to indicate strength. The LINK/USDT pair could then rally to the resistance line, where bears are expected to sell aggressively.

Stellar Price: Risk of Further Decline

Bears stalled Stellar’s (XLM) relief rally near the **20-day EMA ($0.34)** on Tuesday. This signals a negative sentiment. The XLM/USDT pair risks falling to **$0.29**. This is a critical support level to watch out for. If the **$0.29 support** breaks down, selling could accelerate. The Stellar price may then decline to **$0.25**. Buyers must push and maintain the price above the breakdown level of **$0.34** to signal strength. The pair could then rise to the downtrend line, where bears are expected to pose a strong challenge. A close above the downtrend line signals a potential trend change.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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