Category: Economy

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

Buy Bitcoin Now

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 – 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

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 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.

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

Litecoin Price Prediction – November 22

The Litecoin price continues to drop with a loss of 6.12% as the coin prepares to break may supports.

LTC/USD Market

Key Levels:

Resistance levels: $260, $280, $300

Support levels: $175, $155, $135

LTC/USD experiences a 6.12% price drop over the past 24 hours of trading which may be caused by the fact that Bitcoin is also dropping. The Litecoin price is now trading below the 9-day and 21-day moving averages within the channel but looks like it might be heading beneath. Meanwhile, a break towards the lower boundary of the channel could see LTC/USD moving towards the support level of $190.

Litecoin Price Prediction: Litecoin (LTC) May Display More Bearish Signals

Analyzing the daily chart, traders can see the Litecoin price heading towards the south. It has been struggling to break above the 21-day MA over … Read more

Bitcoin Price Prediction – November 21

After touching the daily high of $60,070, the Bitcoin price is down to touch a low of $58,509 as there may not be a quick recovery for the coin at the moment.

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

Key levels:

Resistance Levels: $65,000, $67,000, $69,000

Support Levels: $55,000, $53,000, $51,000

After forming a short-term top, BTC/USD is diving below $60,000 as the price is currently consolidating around $59,513 with a few bearish signals. However, the recent correction to the upward failed near the $60,070 level. The Bitcoin bulls are struggling to gain momentum above the $60,000 level.

Bitcoin Price Prediction: Would Bitcoin Go Up or Down?

As the daily chart reveals that the Bitcoin price stays below the 9-day and 21-day moving averages as the $58,000 and $56,000 levels are initial supports. Meanwhile, if the buyers fail … Read more