Categories: Market

Cryptocurrency Market Nov 12, 2021: Bitcoin faces huge barriers near $ 65,500 while Ethereum and Altcoins both rise

Crypto Markets Nov 12, 2021 by cryptonew: Bitcoin price fell below the USD 65,000 support ahead of a small rally. At 04:20 UTC, BTC is attempting another recovery and is facing a major hurdle near $ 65,500.

Also, most of the big altcoins move higher. ETH is gaining traction and could even surpass $ 4,800. XRP is trading near $ 1.22 and could continue to rise. ADA could pick up speed with earnings above $ 2.12.


Cryptocurrency market

 

Cryptocurrency Market November 12, 2021: Bitcoin Price

After the Bitcoin price fell below $ 65,000, it continued to fall. BTC even climbed below $ 63,500 before bouncing back. The price is currently consolidating losses and trading near $ 65,000. On the flip side, initial support is near the $ 64,500 mark. The next major support is near the $ 64,000 mark, below which a test of $ 63,200 is possible.

On the downside, the price is encountering resistance near $ 65,500. The next major resistance is now forming near the $ 66,200 level, above which the price could gain momentum.

 

Cryptocurrency Market November 12, 2021: Ethereum Price

Ethereum price outperformed Bitcoin and started a steady rise above $ 4,750. ETH faces hurdles near the $ 4,800 mark. The main hurdle is $ 4,850. A closing price above $ 4,850 is required for stronger short-term gains.

On the flip side, initial support is close to $ 4,720. The next major support is near $ 4,650, below which the price can test $ 4,550.

 

Cryptocurrency market November 12, 2021: ADA, BNB, SOL, SHIB and XRP prices

Cardano (ADA) is consolidating above the $ 2.00 and $ 2.05 support levels. The price will encounter resistance at $ 2.12. A closing price above $ 2.12 could bring the price to $ 2.20.

Binance Coin (BNB) is moving higher towards the $ 635 resistance level. Immediate resistance is near the $ 640 level. The main breakout area is near the $ 650 mark, above which the price could initiate a steady rally.

Solana (SOL) is stuck near the $ 235 mark. It will also face resistance near the USD 242 and USD 245 levels. The main hurdle is USD 250, above which the price could gain momentum in the short term.

SHIB is up 5% and is approaching $ 0.000055. A close above the $ 0.000055 resistance could initiate a steady rise. Conversely, a decrease to $ 0.000052 is possible.

XRP price is showing positive signs above the USD 1.20 support. On the other hand, $ 1,232 is an immediate hurdle. The main resistance is at $ 1.25. A close above $ 1.25 could trigger a stronger rally in the short term.

 

Cryptocurrency Market November 12, 2021: Another Altcoin Market

Many altcoins are up more than 8%, including UMA, ZRX, MANA, ALGO, ZEN, ZEC, CHZ, MINA, NEAR, SAND, and XEC. Of these, the UMA rose 19% and broke the $ 3.00 mark. Meawnhile, LRC, OMG, and IOTX are all down more than 10%.

Overall, Bitcoin price is struggling to stay above $ 65,000. If BTC extends losses below $ 64,200, it can even drop to $ 63,200.

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. Your money, the choice is yours.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

56 minutes ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

2 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

3 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

3 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

4 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

4 hours ago

This website uses cookies.