Category: Economy

BTC/USD Declines as Bitcoin Slumps to $55k – November 30, 2021

BTC/USD is now confirmed to be in a range-bound move as Bitcoin slumps to $55K . Bitcoin fluctuates between $56,200 and $59,000 price levels. The range-bound move has caused buyers to retest the $59,000 resistance level on five occasions. The rejection was caused by prices reaching the overbought region of the market.

Resistance Levels: $70,000, $75,000, $80,000
Support Levels: $50,000, $45,000, $40,000

Buy Bitcoin Now

Following the recent range-bound movement between $56,200 and $59,000, Bitcoin has fallen above the $56,200 support. For the past four days, the bears have been defending the $59,000 resistance zone. Assuming, buyers are successful above the recent high. BTC price will attempt to retest or break the $60,000 psychological price level.

When this level is breached, BTC/USD will commence the resumption of upside momentum. BTC price will rally … Read more

BTC/USD Is in a Sideways Trend as Bitcoin Fluctuates Above $56k- November 30, 2021

Bitcoin’s (BTC) price has retraced from the $59,000 resistance to the $56,000 support as Bitcoin fluctuates above $56K. BTC/USD fluctuates between $56,000 and $58,000 price levels. In the lower time frame, long candlesticks wicks are pointing to the $59,000 resistance zone. The long candlestick wicks indicate that the $59,000 resistance zone is strong selling pressure.

Resistance Levels: $70,000, $75,000, $80,000
Support Levels: $50,000, $45,000, $40,000

Bitcoin is trading below the moving averages. Bitcoin bulls have an uphill task. First, they will push BTC prices above the moving averages and break above the $60,000 psychological price level. In the meantime, Bitcoin is consolidating above the $56,000 support to retest the $58,000 resistance level. Bitcoin will rise if the price breaks above the $58,000 resistance. Similarly, if the bears break below … Read more

Bitcoin Price Prediction – November 29

The Bitcoin price is trading nicely above the $58,000 and the coin must climb above the $60,000 resistance to continue higher.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $64,000, $66,000, $68,000

Support Levels: $53,000, $51,000, $49,000

BTC/USD is seen moving towards the 9-day moving average as the coin touches $58,908 in the early hours of today. At the time of writing, BTC/USD market is currently improving, moving it out of the downside to the upside. However, the coin remains within the moving averages as the Bitcoin price is ready to create additional gains and now changing hands at $58,275.

Bitcoin Price Prediction: Bitcoin (BTC) May Give Bullish Signs

At the time of writing, the Bitcoin price is preparing to climb higher above the $60,000 resistance as the coin is settling above the 9-day moving … Read more

Ripple Price Prediction – November 28

According to the daily chart, the Ripple price is currently trading below $1.00 as further downside could reach another support level of $0.85.

XRP/USD Market

Key Levels:

Resistance levels: $1.21, $1.26, $1.31

Support levels: $0.66, $0.61, $0.56

XRP/USD is seen sliding below the 9-day and 21-day moving averages as the coin prepares to touch the support level of $0.90 before it could start another increase. After the Ripple price struggles to reach the $0.95 high today, the coin begins a decline towards the south. Therefore, as the coin faces the bearish movement, it may target the key support at $0.80 and the price could move into a short-term bearish zone.

Ripple Price Prediction: Ripple Price May Continue to go Down

At the time of writing, the Ripple price is currently exchanging hands at $0.92 and any attempt to stay below the … Read more

BTC/USD in a Deeper Downward Correction as Bitcoin Risks $50k Low – November 27, 2021

Bitcoin (BTC/USD) price has resumed further selling pressure as Bitcoin risks $50k Low. On November 26, the bears broke below the previous low of $56,555 to reach the low of $53,555. Before the recent breakdown, buyers have been holding the previous low since November 18.

Resistance Levels: $70,000, $75,000, $80,000
Support Levels: $50,000, $45,000, $40,000

Buy Bitcoin Now

Following the recent breakdown, sellers have broken the price range of between $55,700 and $58,000. Buyers defended the $55,700 support before the recent breakdown. Today, BTC price is correcting upward to revisit the previous highs. If buyers pushed Bitcoin above the $55,700 high , the crypto will return to the previous range bound zone.This will propel BTC price to rise and retest the $58,000 high. Conversely, if the current upward correction faces rejection … Read more