Crypto News Today (Oct. 20): Bitcoin Holds $110K, Ethereum Nears $4K as Altcoins Rebound

Key TakeawaysBitcoin (BTC) rebounds to $110.4K, holding key support while sellers fade rallies near the moving averages.Ethereum (ETH) retakes $3.95K with a possible “W” reversal pattern forming.BNB consolidates around $1.1K after last week’s highs, awaiting breakout confirmation.XRP and Solana (SOL) recover from lows; whale activity supports XRP, SOL trades near $192.Dogecoin (DOGE) and Cardano (ADA) stabilize; DOGE eyes $0.216 breakout, ADA targets $0.80 resistance.Market Overview: Crypto Bulls Defend Key Support LevelsAt 16:10 Dubai time, major tokens traded as follows:BTC: $110,428 | ETH: $3,958 | BNB: $1,097 | XRP: $2.46 | SOL: $192 | DOGE: $0.201 | ADA: $0.67Global crypto markets continue to stabilize after October’s crash, buoyed by expectations of additional Federal Reserve rate cuts and easing U.S.–China trade tensions.While momentum has improved, analysts caution that bulls must overcome overhead resistance to confirm a sustained recovery.Bitcoin: Bulls Eye Breakout Above Moving AveragesBitcoin’s rebound above $110K signals buying interest returning near the $107K zone.A daily close above the 20- and 50-day moving averages could end the correction phase and open the path to $124K–$126K.If rejected, BTC risks a retest of $107K, with further downside toward $100K if sellers regain control.Ethereum: Reversal Pattern Signals StrengthEthereum is hovering near $3.95K, supported by a potential Bollinger Band “W” formation.If bulls push price above the short-term averages, ETH could reclaim the upper channel and target $4,957.Failure to hold support near $3,354 would weaken the setup and invite renewed selling pressure.BNB Technical Outlook: Testing Key Fibonacci ZoneBNB trades around $1.10K, with bulls defending the $1,032–$1,021 range.Clearing the $1,135 EMA would strengthen momentum toward the $1,198–$1,239 Fibonacci zone, paving the way for a retest of $1,375.A breakdown below $1,021 would signal short-term exhaustion.XRP Analysis: Whale Demand Supports RecoveryXRP’s rebound from $2.30 shows strong accumulation, but a confirmed trend reversal requires a daily close above $2.59–$2.69.If achieved, XRP could rally toward $3.20–$3.38.Failure to break resistance would keep price range-bound, with downside risk to $1.90.Solana Analysis: Recovery Faces Resistance at $201Solana remains resilient near $192 after bouncing off the channel support.A breakout above the 20-day EMA ($201) could drive momentum toward $238–$260.Rejection at this level risks a return to $155 support if bearish sentiment resurfaces.Dogecoin Update: Consolidation Before Next MoveDOGE continues to trade sideways between $0.14–$0.29, holding near $0.20.A breakout above $0.216 would confirm an Adam & Eve reversal, targeting $0.26–$0.29.Failure to break resistance keeps DOGE trapped within its long-term range.Cardano (ADA) Trend Watch: Building Momentum for ReversalCardano’s bounce from $0.60–$0.61 suggests early accumulation.Bulls face resistance at $0.72–$0.75, followed by the 50-day SMA at $0.80.A breakout above $0.80 could ignite a rally toward $1.02, while a failure to hold $0.60 would renew downside pressure.Bulls Hold Ground but Need ConfirmationCrypto markets are staging a recovery led by Bitcoin, yet momentum remains fragile.To confirm a trend shift, BTC must close above $115K, with ETH and SOL clearing their short-term averages.Until then, traders should expect “sell-the-rally” behavior at resistance, with $107K (BTC) as the key level to defend.