February 25, 2021

Bitcoin Price Analysis, Ethereum, Ripple on 13.11.2020

Bitcoin Price Analysis, Ethereum, Ripple on 13.11.2020

The price of Bitcoin has updated the annual maximum and froze before the resistance of 16500.00 USD.

BTC / USDBitcoin Price Analysis, Ethereum, Ripple on 13.11.2020

Yesterday morning shoppers on average volumes tried to continue growing during the day were able to test resistance at 78.6% fibo (16125.65 USD).

Sellers responded with a sharp bearish impulse by dropping the pair to the upper boundary of the upward blue channel, but the trend line supported and the price quickly returned to the level of 78.6% fibonacci.At this level, until the end of the day, there was a struggle with variable success, and at night the growth ofcontinued to the new annual high in the area of 16495.00 USD.

This morning, trading volumes decreased and growth stopped on the approach to the mark of 16500.00 USD.

Bitcoin Price Analysis, Ethereum, Ripple on 13.11.2020

Recall that on January 6, 2018, the price of Bitcoin set a maximum in the area of 17235.00 USD and after that almost three years could not come close to this mark as now.On the weekly time frame we see that stoch RSI indicator lines are already off the scalein the overbought zone, foreshadowing a deep pullback, but the indicator MACD does not confirm yetthe beginning of the decline.

The bulls may have until the end of the month to use the remaining potential to upgrade to a 2018 high.However, given the overheating of the market, further growth is very difficult.

ETH / USDBitcoin Price Analysis, Ethereum, Ripple on 13.11.2020

Yesterday, during the day, the price of Ethereum consolidated in the area of the hour EMA55, and in the evening sellers broke the level of the moving average.However, overnight buyers were able to recover the pair above the level of 50% fibo (457.16 USD).

If today the positive sentiment continues, the growth will continue to the resistance of 480.00 USD.

XRP / USDBitcoin Price Analysis, Ethereum, Ripple on 13.11.2020

Yesterday's pressure from sellers pushed back the price of XRP by the opening of the boundary of the wide side corridor (0.260 USD).The pair sagged below the trend line, but over the past night buyers have restored the price above the green trend line.

If today's recovery can continue, the buyers will break the resistance of 0.260 USD and try to gain a foothold above the wide side corridor.

* All price values ​​are based on data from the BitStamp exchange

Subscribe to ForkNews on Telegram