crypto

Bitcoin, Ethereum Price Prediction – Bitcoin’s Slow Price Action Stalls Altcoins Growing

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Brian Bollinger Bitcoin, Ethereum price prediction. The BTC and ETH markets are showing resilience at local support. This will help reverse yesterday’s collapse. These coins obtain sufficient buying pressure from below, encouraging the resumption of the ongoing consolidation phase.advertisementBy 11:33 am EST Wednesday, the global crypto market stands at $846.98 Billion, gaining 0.7% in the last 24 hours. The total volume of the crypto market fell 18.79% to reach $32.04 billion. The total volume of DeFi currently stands at $2.04 billion, which is 6.37% of total crypto market 24-hour volume. Top Gainers and losersSource-Coin360 Despite sloppy price action in Bitcoin today, the Trust Wallet Token (TWT) and Bitcoin SV showed the highest gains among the top 100 cryptocurrencies. In the 24-hour, TWT rose 7.89% to $2.58, while the BSV price climbed 6.79% to $43.68. Contrary to popular belief, Toncoin and Axie Infinity tokens suffered the most losses. The TWT price fell 7.89% to $2.58, while the BSV price rose 6.79% to $43.68. The post-retest rally failed to surpass $17160 and started a sideways movement. Source: Tradingview Investors who believe that bitcoin prices will rise in the near future can find entry points near the $16900 level, if they are confident. If market sentiment improves, the prices could rise 7.5% to $18200 if the support is maintained. The safe traders could wait until the BTC price reaches $17200 to make an entry. However, the Ethereum price is similar to Bitcoin in that it follows a lateral path. This altcoin broke the $1238 resistance to gain higher footing, but failed to surpass the $1300 local resistance on November 7. The crypto market also saw a sharp sell-off, causing it to fall below the $1238 flipped support. However, the Ethereum price jumped 1.58% today and rose above the mentioned horizontal level.Source-TradingviewThe coin price currently trades at $1250; if the daily candle closes above the $1238 mark, the prior breakdown will be invalidated. This fake breakdown scenario will increase buying pressure and push prices up to the $1300 mark.
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The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. Close Story