Bitcoin Price Prediction: BTC/USD Trades below $60,000 Resistance

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

BTCUSD – Daily Chart

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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

Shiba Inu shows “topping signal” after 55% price correction

Shiba Inu took the crypto market by storm in October after making 1100% gains in less than one month. During this time, the coin moved to an all-time high of $0.000088. However, by November 19, it had dropped to lows of $0.000042, showing a 55% price correction.

While the price of Shiba Inu has recovered some of the losses it has made with the recent rebound across the broader market, analysts are sceptical of whether the meme coin can reach its record highs, given that its hype has died down.

Shiba Inu’s buying support is weak

One of the reasons why Shiba Inu made the notable gains it did in October was an influx of buyers in the market who were rushing to have a piece of the meme coin. However, much of this hype has died down, and the coin’s trading volumes are starting to weaken.

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Shiba Inu Price Bounces 14% to $0.0000485 – How to Buy SHIB

The Shiba Inu buyers are back. Meme coin sensation SHIB has bounced, along with a host of other top altcoins as the crypto market looks to stabilise after bitcoin fell to as low as $55,919.

The coin named after the breed of dog that inspired the launch of Dogecoin, has been on a tear over the past couple of months, but is now 46% off its all time high of $0.0000875.

Shiba Inu is currently priced at $0.0000490. The Shiba Inu price is up around 14% over the past 24 hours.

Despite showing signs of being overbought judging by the relative strength index indicator (see chart below), and having been on a downward trajectory since 28 October, the price may be about to break out of its bearish channel.

SHIB/USD 1-day candles, Coinbase 19 November 2021. Chart courtesy TradingView. SHIB was showing overbought conditions in October and has been in
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Ethereum Price Prediction: ETH/USD Dips Below $4300

Ethereum Price Prediction – November 18

The Ethereum price loses 5.39% at the time of writing as the price goes below the $4100 level to hit the next target support at $3800.

ETH/USD Market

Key Levels:

Resistance levels: $4800, $5000, $5200

Support levels: $3600, $3400, $3200

ETHUSD – Daily Chart

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ETH/USD breaks below $4346 after an unsuccessful attempt to settle above $4400 handle during early Asian hours. At the time of writing, ETH/USD is changing hands at $4058, down 5.39% after touching the daily high of $4346. Looking at the daily chart, the 9-day moving average is about to cross below the 21-day moving average and once this is done; the second largest crypto may fall seriously.

Ethereum Price Prediction: Ethereum (ETH) May Struggle to Move Higher

According to the daily chart, a break above the resistance level of $4400 could most likely give the Ethereum price … Read more

Bitcoin (BTC) Price Prediction: BTC/USD Drops to $58.6k Low as Bitcoin Consolidates Above $60k

BTC/USD Is in a Downward Correction as Bitcoin Consolidates Above $60k -November 17, 2021

BTC/USD has fallen to the $60,000 psychological price level as Bitcoin consolidates above $60K. BTC price fell to $58,600 low as bulls bought the dips. This will be the third time, the cryptocurrency will be revisiting the previous low in November. The market is expected to resume upward as bulls bought the dips.

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

BTC/USD – Daily Chart
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On November 16, BTC’s price broke below the 21-day line moving average for the first time since it retested the $68,000 overhead resistance. The breakdown extended to the support above the 50-day line moving average. In other words, Bitcoin is trading in the middle of the two moving averages. Bitcoin will be compelled to a range-bound if price remains in the middle of the … Read more