Bitcoin Price Prediction: BTC/USD Attempts to Jump the Hurdle at $18,200 to Resume Upside Momentum

Bitcoin (BTC) Price Prediction – November 19, 2020
Following the recent high at $18,500, BTC/USD now fluctuates between $17,300 and $18,200. For the past two days, BTC has been consolidating above $17,300 but has retested the resistance at $18,200 twice. By retesting the $18,200 resistance, is an indication of further upside momentum.

Resistance Levels: $13,000, $14,000, $15,000
Support Levels: $7,000, $6,000, $5,000

BTC/USD – Daily Chart

The recent price surge to $18,500 was met with a sharp downward correction. In the process of correction, the crypto has formed a price range between $17,300 and $18,200. For the upside momentum to resume, the price must be sustained above $17,500. This will provide a continuous retest of the $18,200 resistance. In other words, if the price consolidates above $17,500, it will increase the possibility of a breakout near the resistance zone.

On the upside, if the price breaks the $18,200 resistance, … Read more

Litecoin Price Prediction: LTC/USD Faces Rejection at $76 as Bulls and Bears Contemplate the Next Move

 

Litecoin (LTC) Price Prediction – November 18, 2020

LTC/USD breaks $68 overhead resistance as price reaches the previous high at $76. The upward move has been impeded as the price reaches a high of $76. Presently, LTC is fluctuating between $70 and $76 as bulls and bears wait for the next move. The LTC/BTC has resumed downward move after rejection at Ƀ0.004500.

LTC/USD Market
Key Levels:
Resistance Levels: $80, $100, $120
Support Levels: $50, $40, $20

LTC/USD – Daily Chart

Litecoin is trading at $73 after retesting the previous high at $76. LTC is consolidating above $70 as they fail to break above the $76 resistance. Presently, BTC is fluctuating between $70 and $76. On the upside, if the price breaks the $76 resistance, the upward move will resume. LTC will rise and possibly reach the February price level of $80. The bears take advantage to break the support … Read more

Bitcoin Price Prediction: BTC/USD Trades Above $17,800 Level; What Next?

Bitcoin (BTC) Price Prediction – November 17

BTC/USD is up by more than 5.19% as the price struck a sudden and bullish price spike above the $17,800 resistance level.

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

Key levels:

Resistance Levels: $18,600, $18,800, $19,000

Support Levels: $16,000, $15,800, $15,600

BTCUSD – Daily Chart

The daily chart reveals that BTC/USD is flexing muscles above the critical resistance level. The coin moves above $17,700 to touch the daily high of $17,880 but now trading at $17,595 at the time of writing. The first digital asset is moving with strong bullish momentum above the 9-day and 21-day moving averages after a sustainable break above an important technical level.

What to Expect from Bitcoin (BTC)

As the Bitcoin breaks above the upper boundary of the channel, the return above $17,800 could set the framework for gains towards $18,200. Meanwhile, the technical analysis shows that the bulls … Read more

Bitcoin Cash Price Prediction: BCH/USD Breaks Above $255, What to Expect?

BCH Price Prediction – November 16

The Bitcoin Cash price is showing an amazing intraday hike as it rises from $246 to touch the daily high at $260.

BCH/USD Market

Key Levels:

Resistance levels: $280, $290, $300

Support levels: $225, $215, $205

BCHUSD – Daily Chart

BCH/USD is currently hovering at $252.58 after touching the daily at $260.51. The BCH price is seen focusing on the bullish momentum after a sustainable break above the 9-day and 21-day moving averages. More so, the coin is gaining over 2.27% within 24 hours as it is using $245 support as a jumping-off ground to develop the upside momentum, which is now gaining traction.

Where is BCH Price Going Next?

On the upside, if BCH/USD moves above the moving averages once again, the market price may likely break into another resistance at $265 and $275 respectively. Similarly, the technical indicator RSI (14) shows that … Read more

Bitcoin Price Prediction: BTC/USD Struggles to Sustain Above $16,100, Further Upside Imminent

Bitcoin (BTC) Price Prediction – November 16, 2020
Recently, BTC/USD reached a high of $16,400 but subsequently dropped to a $15,780 low on November 14. For the past two days, Bitcoin has been range-bound between $15,725 and $16.100. Buyers are struggling to push above the $16,100 high. On three occasions, the upward move has been repelled.

Resistance Levels: $13,000, $14,000, $15,000
Support Levels: $7,000, $6,000, $5,000

BTC/USD – Daily Chart

Following its recovery above the $16,000 support, the upward move is still facing resistance. Buyers have not been able to push above $16,100 resistance on three occasions. On each attempt at the resistance, the coin will fall to the lower price range. This is the reason for the sideways move between $15,725 and $16,100. On the upside, if buyers can sustain the price above $16,100 and $16.400, BTC will rally above $17,200 high.

Conversely, if the BTC price drops below … Read more