Cryptocurrency Market Nov 15, 2021: Bitcoin and Ethereum Soar as Altcoins Show Positive Signs
Cryptocurrency Market November 15, 2021: Bitcoin price based above $ 63,500 and started a new rally. BTC broke the USD 65,500 resistance and at 04:30 UTC BTC faced a resistance near USD 66,000. A closing price above this level could lead to a steady rise in the short term.
Also, most of the major altcoins are showing positive signs. ETH is gaining traction and could even surpass USD 4,750. XRP is stable above $ 1.20 but is encountering resistance near $ 1.22. ADA could struggle near the $ 2.12 resistance level.
Cryptocurrency Market November 15, 2021: Bitcoin Price
After the downward correction, Bitcoin price started spiking again above $ 64,000. BTC has accelerated above the $ 65,000 mark and could continue to rise. On the downside, the price is encountering resistance near $ 66,000. The next major resistance is now forming near the $ 66,250 mark, above which price could gain upside momentum. If so, BTC could test the weekly barrier at USD 68,000.
On the flip side, initial support is near the $ 65,500 mark. The next major support is near the $ 65,000 mark, below which a test of $ 64,200 is possible.
Cryptocurrency Market November 15, 2021: Ethereum Price
Ethereum price is showing positive signs above $ 4,650. ETH consolidates over $ 4,700. Initial resistance is near the $ 4,750 level. The main hurdle is $ 4,800. A closing price above $ 4,800 is required for new short term gains.
On the flip side, initial support is close to $ 4,650. The top weekly support is at $ 4,550, below which the price can test $ 4,400.
Cryptocurrency Market November 15, 2021: ADA, BNB, SOL, SHIB and XRP prices
Cardano (ADA) is consolidating near the $ 2.00 level. It will encounter resistance near the $ 2.05 level. A closing price above $ 2.05 could result in a steady spike in the short term. Otherwise, a drop to the $ 1.92 level is possible.
Binance Coin (BNB) accelerates above the $ 635 resistance level. It’s trading above $ 650, with immediate resistance near the $ 655 level. The next major resistance is near $ 675, above which the price could initiate a steady rally.
Solana (SOL) is rising and trading above $ 240. It will encounter resistance near the $ 245 and $ 250 levels. A closing price above $ 250 could push the price toward $ 265. On the flip side, the main support is at $ 235.
SHIB is consolidating near the $ 0.000525 level. The immediate hurdle is near the $ 0.000535 level above which a test of $ 0.000055 is possible. Conversely, there is a risk of a renewed decline towards USD 0.000050.
The XRP price stayed near the $ 1.20 level. With a steady rise, the price can test the $ 1.22 resistance level. The next major resistance is at $ 1,232, above which a rally to $ 1.25 is possible.
Cryptocurrency Market November 15, 2021: Another Altcoin Market
Many altcoins are up more than 5%, including WAXP, CRO, ANKR, LEO, KCS, LRC, LTC, CHZ, MANA, AVAX, and ENJ. Of these, the CRO rose 13% to break $ 0.46.
Overall, Bitcoin price is showing bullish signs above the $ 65,000 mark. If BTC levels off above $ 66,000, a rally to $ 68,000 is likely.
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