Bitcoin, Ethereum Price Prediction- BTC Sustains Higher Ground; Back To $22000?

Bitcoin, Ethereum price prediction: Following a recent price jump, the BTC and ETH price walk a sluggish path as it tries to sustain the reclaimed ground. Thus, the bullish sentiment remained intact and pushed several cryptocurrencies for higher gains.

At 8:15 am EST Sunday, the global crypto market stood at  $1.05 Trillion, down 0.72%% from yesterday. Moreover, the total crypto market volume has reached $62.25 Billion, representing a loss of 38.89%. The current volume in DeFi is $3.89 Billion, accounting for 6.25% of total 24-hour volumes in the crypto market. 

Top Gainers and Losers

Source- Coin360

Today, Chiliz and Aptos lead the top 100 cryptocurrencies in terms of the highest gainers. As of press time, the CHZ price trades at $0.2808, up 5.20% in the last 24 hours, while the APT price moves at $8.01, up 4.87%. Meanwhile, FTX Token and Fantom are the top losers, with the FTT price falling 9.37% to $23.10 and the FTM price falling 7.32% to $0.2817.

Bitcoin Price 

Source- Coinmarketcap

On November 4th, the Bitcoin price gave a massive breakout from the range-bound resistance of $20850. However, concerning the bottom support of $18450, the coin price was trapped in this accumulation for nearly two months.

Currently, the Bitcoin price trades at $21230 and showcases a retest phase to the breached resistance. During this retest, the reduced volume activity and lower price rejection candle indicate a temporary pullback which should soon resume the prevailing recovery.

Source- Tradingview

The post-retest rally may drive the prices 6.5% higher to hit the $22000 or $22600 mark.

Ethereum Price 

Source- Coinmarketcap

Within a fortnight, the Ethereum price has twice reverted from the $1660 supply zone. The higher price rejection candles overhead selling pressure and have tumbled the altcoin 2.7% in the last two days.

With sustained selling, the ETH price could plunge 7.5% down to retest $1500.

Source- Tradingview

However, the coin price follows a rounding bottom pattern in the daily time frame. Thus, the price should eventually lead to higher levels in response to this pattern.