Cryptocurrency Market November 10, 2021 by cryptonew: Bitcoin price extended its rally above $ 68,600 and traded to a new all-time high. Recently, BTC began a downward revision below the $ 67,000 level. At 04:45 UTC, BTC showed bearish signs and could correct further towards USD 65,500.
Most of the major altcoins are stable above the major supports. ETH hit a new all-time high near USD 4,840 before initiating a phase of consolidation. XRP failed to break the $ 1,265 resistance. ADA shows positive signs above $ 2.20.
After Bitcoin price hit a new all-time high above $ 68,600, a downward correction began and fell below the $ 67,000 support. On the flip side, initial support is near the $ 66,200 mark. The next major support is near the $ 66,000 level below which the price can test $ 65,500.
On the downside, the price could hit hurdles near $ 67,500. The next major resistance is currently forming near the $ 68,000 mark.
The Ethereum price has also traded to a new all-time high of over $ 4,800. However, ETH has not been able to continue climbing towards the $ 5,000 mark. As a result, there was a drop below $ 4,750. It is currently consolidating near the $ 4,700 mark. The next major support is near $ 4,650, below which the price can test $ 4,550.
On the flip side, there is an immediate hurdle near the $ 4,800 mark. The main breakout area moving towards $ 5,000 is at $ 4,850.
Cardano (ADA) rose above the $ 2.30 resistance level. It tested $ 2.37 before correcting down. The price is currently trading below $ 2.25 but the bulls are defending the $ 2.20 support area.
Binance Coin (BNB) failed to cross the USD 650 resistance. As a result, there has been a downward correction below the $ 635 level. The next big support is at $ 620, below which further decline towards $ 600 is possible.
Solana (SOL) failed to break the USD 250 resistance. SOL corrects down and trades below $ 242. If the bears stay active, the price can test the $ 230 level. The next big support is near the $ 225 mark.
SHIB struggles near $ 0.0000550. Immediate resistance is near the USD 0.000565 support. The main resistance is near the $ 0.000058 level above which a rally to $ 0.000060 is possible.
XRP price rose to the $ 1.28 resistance level where it faced sellers. As a result, the price began a downward correction below $ 1.25. It looks like the price could continue to fall towards the $ 1.22 mark.
Many altcoins are up more than 5%, including IOTX, KDA, LPT, LRC, ZEC, QNT, XLM, HBAR, HNT, LTC and DASH. Of these, LRC rebounded more than 34%, breaking the $ 2.80 mark.
Overall, the Bitcoin price is correcting below the USD 67,000 level. If BTC falls below $ 65,500, there is a risk of a larger decline.
Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and exchange information about the crypto currency market.
Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…
Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…
There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…
This website uses cookies.