Today is Saturday, 13th November, and this is Cointribune’s Crypto analytics. You will learn about everything that’s been going on in the market, as well as what to expect next in our new article! Make sure to have a look at the previous instalment. Off we go!
The cryptocurrency market continues going through a correction. The biggest price swings always occur over the weekends, so it’s no surprise that Bitcoin has dipped below the $64,000 level in the opening hours of today’s daily candle. The cryptocurrency is changing hands at around $63,700 at the moment of writing.
Bulls need a miracle to push the price above $65,000 to avoid significant losses. The cryptocurrency’s lowest price over the last 24 hours was $62,300. In case we see a double top on the chart, Bitcoin will fall to the $53,000 – $55,000 range. However, the $60,000 support end up halting Bitcoin’s decent.
The cryptocurrency prepares to skyrocket, so you must never forget about stop-losses.
Bitcoin’s dips are nothing more than a little nuance to Ethereum at the moment. The cryptocurrency even went above the $4,600 level in the past 24 hours.
The chart suggests that ETH might dip to the $4,400 support level once again. But we do expect the cryptocurrency to continue chasing $5,000 after that. Ethereum is very likely to reach a new all-time-high in the near future.
The weekends are the most crucial time for crypto traders to buy and sell since the biggest price changes usually happen on Saturday and Sunday. Bitcoin continues to stay relatively flat; however, chances are the cryptomarket might see it jump to the $70,000 level as soon as Monday comes.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
|BITCOIN (BTCUSD) ₿||$20,310.39||0.24%|
|ETHEREUM (ETHUSD) Ξ||$1,147.46||0.43%|
|IMM. US (REIT)||$2,413.37||-1.14%|
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