Bitcoin (BTC/USD) Market Dumps, Seemingly Forming a Bullish Flag

Bitcoin Price Prediction – November 27
Although it may take a while to witness a return of upswings in the BTC/USD trading activities as the crypto-economic market dumps, seemingly forming a bullish flag. Price has slightly pushed southward, trading around $54,482 line at a relatively smaller-positive percentage rate of about 0.99 as of writing.

BTC/USD Market
Key Levels:
Resistance levels: $57,500, $60,000, $62,500
Support levels: $52,500, $50,000, $47,500

BTC/USD – Daily Chart
The BTC/USD daily chart reveals that the crypto-economic market dumps, seemingly forming a bullish flag. That indicates the need to put the market back on track to the upside if the formation has to be valid. The bearish channel trend lines drew to ascertain the path that price keeps to the correction side. The 14-day SMA indicator is above the 50-day SMA indicator, trying to make a bend southward. The Stochastic Oscillators have initially touched the zero range … Read more

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Bitcoin (BTC) Price Prediction: BTC/USD Lacks Buyers at Higher Price Levels as Bitcoin Faces Strong Rejection

BTC/USD Is Unable To Sustain Above $60k as Bitcoin Faces Strong Rejection- November 26, 2021

On November 25, BTC/USD rallied to $60,000 resistance zone as Bitcoin faces strong rejection. BTC price rallied to the high of $59,200 as price reached the overbought region. Presently, the BTC price is retracing from the recent high. Bitcoin is retracing because the market reached an overbought region. The cryptocurrency is likely to resume upward if price finds support above the moving averages.

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

BTC/USD – Daily Chart
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Yesterday, Bitcoin rallied close to the $60,000 psychological price level but was repelled. BTC price traded and reached the high of $59,200. Similarly, on November 20 and 21, buyers pushed BTC price to the $60,000 resistance but the market dropped sharply to $56,650 low. Today, BTC price is retracing on the downside. If price … Read more

Ripple Price Prediction: XRP/USD Stays Below $1 Support

Ripple Price Prediction – November 24

The Ripple price prediction reveals that XRP is currently facing selling pressure below the $1.00 resistance level.

XRP/USD Market

Key Levels:

Resistance levels: $1.20, $1.25, $1.30

Support levels: $0.90, $0.85, $0.80

XRPUSD – Daily Chart

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XRP/USD is declining below the 9-day and 21-day moving averages after the opening of today’s trading. The Ripple price might cross below the $0.95 level before it could begin another increase. However, after struggling to cross above the 9-day moving average, Ripple begins a slow and steady decline as the coin prepares for the nearest support level of $0.93 which could move the coin into a short-term bearish zone.

Ripple Price Prediction: Ripple (XRP) May Go Down

The Ripple price is currently changing hands at $1.01 and any attempt to make it slide towards the lower boundary of the channel, it may open the doors for … Read more

Citigroup incorporates an additional 100 people into its crypto team

Citigroup has announced that it will be hiring an additional 100 people for its digital asset division. The firm has already appointed Puneet Singhvi as the head of the digital asset division.

Citigroup is one of the leading banks in the US, which is now doubling down on its crypto investments, and this new team will assist the firm in these endeavours.

Citigroup pushes into crypto investments

A recent publication from Bloomberg has stated that Citigroup, the third-largest financial institution globally, was planning to invest more into digital assets by appointing 100 more people to its team. Puneet Singhvi, the head of this new division, will report directly to Emily Turner, the Head of Business Development at Citigroup.

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The new division will develop a strategy that will enable the firm’s internal operations such as trading, investment banking, and the trading of securities. Moreover, the team will also … Read more