
Bitcoin is Down 22% in 2 Weeks; Do BTC Bulls Stand a Chance?
Bitcoin is down double digits from Q3 2022 and November highs as open interest gradually decrease. Overall, BTC sellers are in charge.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Bitcoin is down double digits from Q3 2022 and November highs as open interest gradually decrease. Overall, BTC sellers are in charge.
Ethereum is roughly 15 percent up from November lows. All the same, ETHUSDT is bearish and could plunge to new 2022 lows in weeks ahead.
Binance Coin, BNB, is stable when writing but is down 30 percent from November highs. Despite the crypto storm, BNB is firm above $250.
Bitcoin prices are higher but the implosion of FTX has heavily impacted BTC, forcing Bitcoin prices to new 2022 lows at $15.5k.
Ethereum and crypto prices are in the doldrums. With a 22% dump from this week’s highs, pushing ETH to the edge, the odds of the coin
Until November 6, Solana prices added 27 percent in two days, breaking above key resistance levels as prices soared higher, aligning with the broader market performance.
Bitcoin is steady and higher at spot rates. The coin is up 12 percent from September 2022 highs but BTC finds resistance at $21k.
Ethereum prices are lower with tapering upside momentum. ETH has immediate resistance at $1.7k though buyers stand a chance.
Bitcoin is pulling back from this week’s highs but primary support is at $20k and $20.5k. BTC may surge 22% to September highs.
Ethereum prices are up 10 percent on the last trading day and ETH bulls are likely to pump the coin towards $1.8k and $2k in the medium term.
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