Bitcoin, Ethereum, XRP, Dogecoin Tread Water As Shutdown Looks Inevitable

Bitcoin traded mostly sideways on Tuesday ahead of a looming U.S. government shutdown.

Notable Statistics:

• Coinglass data shows 152,984 traders were liquidated in the past 24 hours for $416.12 million.   
• In the past 24 hours, top gainers include MemeCore (CRYPTO: M), Zcash (CRYPTO: ZEC) and Pump. fun (CRYPTO: PUMP).

Notable Developments:

• This Binance-Backed Crypto Could Surge To A $50 Billion Valuation, Analysts Tout
• Wall Street’s XRP ETF Race Heats Up As Charts Signal Explosive Move In The Making
• Tether-Backed XPL Plasma Blockchain Falls 33% After 100% Pump: What Is Going On?
• CRCL Surges As Circle To Cooperate With Deutsche Börse On Stablecoin Adoption In Europe

Trader Notes: CrediBULL Crypto noted that Bitcoin's recent rally is encountering resistance at weekly supply levels, a crucial test zone.

Local demand and supply areas suggest a likely range-bound phase before the next directional move.

Michael van de Poppe highlighted Bitcoin is retesting the $112,000 support, a healthy end-of-month shakeout. This area is viewed as strong support, with an upward trend expected to resume in the coming days.

Castillo Trading added that Bitcoin's current conditions reflect strength struggling to follow through. Ideal closes are around the $112,105 and $109,405 levels, marking key zones of interest for traders.

CryptoUB explains Bitcoin is holding up well and the potential long setups include:

• Retest of Monday's consolidation zone aligning with key support.
• Sweep of the consolidation area followed by a reclaim, triggering entries upon confirmation.

Read Next:

• Bitcoin At $113,000 Waiting For ‘Final Rotiation’ As Analyst Forecasts One Last Dominance Push

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