Cryptocurrency Market November 9, 2021 by cryptonew: Bitcoin price is still in a steady upward trend and has broken the $ 66,000 mark. BTC even surpassed $ 68,000, trading to a new all-time high near $ 68,640. At 04:17 UTC, BTC consolidates gains above $ 68,500 and can expand the rally to $ 69,000.
In addition, most of the major altcoins are also rising steadily. ETH broke the USD 4,750 level and hit a new all-time high near USD 4,860. XRP is consolidating earnings and facing hurdles near $ 1.28. ADA is up 6% to top $ 2.15.
After breaking the USD 66,000 resistance, Bitcoin price extended its upward momentum. BTC broke the $ 67,500 and $ 68,000 resistance levels. The current price action suggests that there are many more upside opportunities. The next stop is near the $ 70,000 mark. Any further gains could push the pace towards $ 72,000.
On the flip side, initial support is near the $ 66,200 mark. The next major support is near the $ 66,000 mark, below which a test of $ 65,000 is possible.
Ethereum price also followed Bitcoin, breaking the $ 4,650 resistance. ETH even broke through USD 4,800 and hit a new all-time high. It is currently consolidating earnings with initial support near the $ 4,780 mark. The next major support is near $ 4,750, below which the price can test $ 4,700.
On the flip side, there is an immediate hurdle at $ 4,850. Any further uptrend could perhaps open the door to a test of the $ 5,000 key barrier.
Cardano (ADA) began another spike above the USD 2.05 resistance level. The price is up 6% and is trading above the $ 2.15 level. If the bulls stay active, a rally to $ 2.25 is possible.
The Binance coin (BNB) is consolidating near the $ 650 mark. If there is a closing price above $ 650 and $ 655, the price could start a new rally. In this case, the price can go up to $ 665 and $ 675.
Solana (SOL) is stuck near the $ 250 resistance. SOL needs to level off above $ 250 to start another rally. Conversely, there is a risk of a downward correction towards $ 232.
SHIB paid over $ 0.0000550. Immediate resistance is near the USD 0.000565 support. The next major resistance is near the $ 0.000058 level above which the price can test $ 0.000060.
The XRP price is showing positive signs above the $ 1.25 level. The immediate hurdle is near the $ 1,280 mark. A closing price above $ 1,280 could push the price toward $ 1.30. On the flip side, the bulls could stay active near the $ 1,250 mark.
Many altcoins are up more than 8%, including LRC, BAT, LTC, ZRX, KCS, VET, DASH, ETC, CRO, NEO, OKB, EOS, GRT, and BCH. Of these, LRC rose over 36% and broke the $ 2.10 level before correcting lower.
Overall, the Bitcoin price is rising above the $ 67,500 mark. It looks like BTC could steadily climb towards $ 70,000 in the near future.
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