Bitcoin (BTC), Binance Coin (BNB) and Cardano (ADA) Price Analysis

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Which has been recording high volatility price movements for some time crypto currency the market started the weekend partly more sluggish.

BTC/USD

The leading crypto currency, which has experienced a value increase of about 15% in the last 7 days Bitcoin (BTC) has recorded a rise of close to 1% in the 24-hour time frame. The ongoing upward movements may indicate that buyers are determined to maintain price increases.

there are many analysts who comment that Bitcoin could reach an all-time high (ATH) if it crosses the resistance zone, which is between Dec 56,000 and $58,000. As of the time of writing, BTC is trading at $54,700 price levels with a market capitalization of $1 trillion according to CoinMarketCap data.

ADA/USD

Falling to the price levels of $ 2.23, albeit for a short time during the day Cardano, it was one of the crypto assets that recorded the fewest price changes while maintaining the 2.27 dollar levels in the 24-hour period. ADA, which reached an all-time high (ATH: 3.09) by showing a high price performance in the last months of the year, has not yet been able to demonstrate the same price performance in the upward trend that started the crypto currency market at the beginning of October.

BNB/USD

Binance’s crypto currency BNB, the largest crypto currency exchange in the market in terms of trading volume, has been having a hard time recovering since its sharp price drop yesterday. Many analysts say that if the market corrects in the coming days, BNB may retreat to the support zone at the 400 dollar price levels. It is said that if the market rises continue and the BNB makes upward price movements, it is important for the BNB to exceed the 440 dollar levels in order to record more drastic price increases. At the time of writing Binance Coin, According to CoinMarketCap data, 421 dollars are traded at price levels.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

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