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 / USD

Yesterday morning's shoppersOn medium volumes, we tried to continue growing, in the afternoon we were able to test the resistance at 78.6% Fib (16125.65 USD). 

Sellers responded with a sharp bearish impulse, pushing the pair to the upper boundary of the ascending blue channel, but the trend line provided support and the price quickly returned to the 78.6% Fibonacci level.At this level, until the end of the day, there was a struggle with varying success, and at night there was growthcontinued to a new yearly high around 16495.00 USD. 

This morning, the trading volume decreased and the growth stopped on the way to the level of 16500.00 USD. 

Recall that on January 6, 2018, the price of Bitcoin set a maximum in the area of 17235.00 USD and after that, for almost three years, it could not come close to this mark as it does now.On the weekly timeframe, we can see that the Stoch RSI indicator lines are already off the chartsin the overbought zone, heralding a deep pullback, but the MACD indicator has not yet confirmedthe beginning of the decline. 

Perhaps, by the end of the month, the bulls will have time to take advantage of the remaining potential to update the 2018 high.However, given the overheating of the market, further growth is significantly difficult. 

ETH / USD

Yesterday, during the day, the price of Ethereum consolidated around the hourly EMA55, and in the evening, sellers broke through the level of the moving average.However, overnight, buyers were able to restore the pair above the 50% Fib level (457.16 USD). 

If the positive sentiment remains today, the market may continue growing towards the resistance at 480.00 USD. 

XRP / USD

Yesterday's selling pressure pushed the XRP price away from the upper border of a wide side corridor (0.260 USD).The pair sank below the trend line, but over the past night, buyers recovered 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

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