The Latest Situation in the Market: Is Bitcoin Consolidating?


The leading cryptocurrency Bitcoin after the depreciation it dec recorded, it has not yet been able to register upward price movements at high rates and has started to consolidate between the price levels of $ 58,500 and $ 61,000.

Bitcoin Accumulation

On November 15, with the downward price movements that it began to record from the price levels of $66,000, Bitcoin remained below the support level of $63,000 first at $60,000 and then at $60,000. Bitcoin although the strong support level of the 58.000 dollar has been tested more than once during the week, it has managed to maintain this support level, it has not yet been able to rise above the 63.000 dollar price levels by starting upward price movements. The leading cryptocurrency Bitcoin has dec to consolidate between the price levels of $ 58,500 and $ 61,000.

The Latest Situation on Ethereum

Ethereum, along with the general downward trend in the market, it began to record downward price movements and declined from the 4.800 dollar price levels to the 4.100 dollar price levels. However, despite the depreciation experienced during the week, Ethereum managed to maintain critical levels by staying above the strong support level in the 4.000 dollar band. In addition, Ethereum has started to make upward price movements in the last 24 hours and has surpassed the October 4,200 price levels.

What About Other Cryptocurrencies

Within the last 24 hours Binance Coin (BNB) a decrease of about 1%, Solana (LEFT) a decrease of 1.3%, Cardano (ISLAND) an increase of 1%, Ripple (XRP) an increase of 3.4% and Polkadot (DOT) it posted a 3% rise. Thursday November 15, the market started with low volatility price movements.

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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