As a seasoned crypto investor with battle-tested nerves and an eye for market trends, I find myself intrigued by today’s price action. The bulls seem to be holding their ground against the bears, with Bitcoin inching closer to its resistance level but not quite breaking through yet. This dance between support and resistance is all too familiar, like a rhythmic game of cat and mouse that keeps my adrenaline pumping.
Bears remain weaker than bulls, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has gone up by 0.17% over the past day.
On a day-to-day scale, Bitcoin’s price is more near the potential resistance level compared to the support. But remember to pay attention to how the bars close out.
Should the event occur at or beyond approximately $92,000, without a significant retracement, there could potentially be sufficient power to challenge the $93,483 threshold.
Bitcoin is trading at $90,634 at press time.
ETH/USD
The price of Ethereum (ETH) is unchanged since yesterday.
Rather than Bitcoin (BTC), the price of the leading altcoin is close to its $3,028 support. If purchasers don’t take control quickly, there may be a breakout below this level, potentially leading to a test of the $3,000 mark.
Ethereum is trading at $3,095 at press time.
XRP/USD
XRP is the biggest gainer today, rising by 3.78%.
Despite its current upward trend, the price of XRP remains significantly below its support level. Consequently, trading volume is relatively low, indicating that buyers may require additional time to build up momentum for further advancement. Given these circumstances, it appears that sideways trading within the range of $1.05 to $1.20 could be more probable in the near future.
XRP is trading at $1.1519 at press time.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- POL PREDICTION. POL cryptocurrency
- Brent Oil Forecast
- EUR CNY PREDICTION
- OKB PREDICTION. OKB cryptocurrency
- HBOs The Last of Us Used Heavy Make-up To Cover One Characters Real-Life Injury
- Hunter x Hunter: Togashi Reveals the Rarest Nen Type In The Series
- EUR ZAR PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- EUR AUD PREDICTION
2024-11-18 18:59