If the momentum can carry the price above $17,200, then the bulls will have a clear shot at the all-time highs.
The bulls will again attempt to thrust the price above the wedge.
Conversely, if the bulls can push the price above $488.134, the next leg of the uptrend is likely to begin.
Contrary to this assumption, if the bulls again fail to sustain the price above $0.26, then the bears will try to pull the price back below the moving averages.
The bulls are currently attempting to drive the price above $13.28.
This has attracted selling by the bears and Bitcoin Cash has broken below the 20-day EMA. If the bears sink the price below the 50-day simple moving average, the BCH/USD pair could drop to the next support at $231. The bulls have defended this support on two previous occasions a break below it may intensify selling and drag the price to $200. However, the 20-day EMA is flat and the RSI is close to the midpoint, which suggests a few more days of range-bound action.
The momentum could pick up if the bulls push the price above $280 or the bears sink the price below $231.LTC/USD. Litecoin has surged above the $64 resistance today, which shows that the bulls have overpowered the bears.
DOT/USD. Polkadot turned down from $4.63 on Nov. 11 and the bears attempted to sink the price below the 20-day EMA on Nov. 12 but failed.
The ADA/USD pair could pick up momentum after the bulls push the price above $0.1142241.
The next trending move may start after the bulls push the price above $0.1142241 or the bears sink the price below $0.0893.BSV/USD. The bulls have failed to propel Bitcoin SV above the 20-day EMA in the past three days.
Price analysis 11/13: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV
pubblicato su Nov 13, 2020
by Cointele | pubblicato su Coinage
Coinage
Menzionato in questo articolo
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.