Bitcoin price & Altcoin analytics

Bitcoin Cash has pulled above the $500 support and attempts to resume an upward move. Today, the upward move is facing some resistance as the altcoin resumes a range-bound movement below the $600 high. In the previous price action, BCH was trading above $680 support.

Yesterday, Bitcoin rebounded above the $45,000 support and rallied above the $50,000 high. Buyers are still struggling to push the price to the previous highs. In the previous price action, the bulls fail to break the resistance at $58,000.

Ripple is the third most valuable crypto which started the year with $0.19. In the first quarter of 2020, the crypto rose to $0.34 high but plunged to $0.11 in March.

Ethereum is the biggest altcoin that started the year with $129 which grew to $287 at the end of February. In March it faced rejection as the coin dropped to $89.

In the first half of the year, Bitcoin bulls were contesting to break the psychological price level of $10,000. In January, buyers retested the $10,000 to breach it but were resisted in February.

On November 5, XRP rebounded as price rallied above the SMAs. This rally resulted in a continuous retest of the $0.26 overhead resistance. On November 7, the bulls retested and broke the overhead resistance as the price reached a high of $0.267.

Ethereum rallies reached its peak at a high of $467. At the $470 resistance zone, buyers could not sustain the uptrend. Consequently, Ether dropped to a $430 low.

Bitcoin (BTC) price is now in a sideways trend as buyers fail to break the $16,000 resistance. Today, the king coin is trading at $15,366 at the time of writing. In the previous uptrend, the upside momentum was terminated at the $15,888 high.

Bitcoin SV has been in a downward correction since September. In the last two months, the coin has not been trending. Rather, buyers have continued to retest the $180 overhead resistance to break it.