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

Published 41 mins ago

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.

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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

heatmap of cryptocurrency prices

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.

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Bitcoin Price 

BTC

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.

Bitcoin price prediction

Source- Tradingview

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

Ethereum Price 

eth

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.

Ethereum Price Prediction

Source- Tradingview

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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.

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From the past 5 years I working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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