Bitcoin Price Analysis: Higher Lows Test Bullish Resolve

Bitcoin Price Analysis: Higher Lows Test Bullish Resolve 1

[embedded content]

Summary:

  1. After a very strong round of selling that dropped the price almost $2,000 in just a couple of days, the market managed to find support at an important macro level.
  2. The support rally marked a third, higher high for our current market and it rallied on very high volume and spread.
  3. The market is currently situated between two strong levels and, until one of them gives way, it’s possible that we’ll see a strong bit of chop. If we manage to break the overhanging resistance the upside target lies around $11,200 to $11,300. However, if support breaks we are most likely looking at a retest of the $9,200 zone.

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This price analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc. They should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

Crypto casinos
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin55,356 1.44 % 1.47 % 6.01 %
Ethereum4,402.4 2.05 % 1.89 % 2.51 %
Binance Coin602.44 1.54 % 2.49 % 5.60 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Solana223.01 1.24 % 1.38 % 6.30 %
Cardano1.600 1.39 % 5.52 % 4.46 %
XRP0.9474 1.56 % 1.99 % 9.12 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2215 0.68 % 1.42 % 7.23 %

bitcoin
Bitcoin (BTC) $ 55,495.00
ethereum
Ethereum (ETH) $ 4,397.22
binance-coin
Binance Coin (BNB) $ 601.72
tether
Tether (USDT) $ 0.994208
solana
Solana (SOL) $ 221.64
cardano
Cardano (ADA) $ 1.59
xrp
XRP (XRP) $ 0.944791
usd-coin
USD Coin (USDC) $ 0.995514
polkadot
Polkadot (DOT) $ 34.61
dogecoin
Dogecoin (DOGE) $ 0.202447