Market Overview

Bitcoin, Ethereum & Ripple - American Wrap: 11/6/19

Bitcoin, Ethereum & Ripple - American Wrap: 11/6/19

Bitcoin price prediction: A new old history leads the forecast
The BTC/USD is in a period of technical agony, trapped between multiple technical hurdles.

Since late June, when the BTC/USD pair set the relative maximum at $13,000, the Bitcoin has been sliding down a medium-term bearish channel.

The current scenario is a small-sized replica of the situation seen by the BTC/USD pair from the late 2017 highs to the December 2018 lows. On this occasion, the break was on the rising side.

Ethereum technical analysis: ETH/USD $200 barrier is proving to be a problem
Ethereum price is trading in the green, up 0.25% the session on Wednesday.

ETH/USD continues to move within a narrowing range, subject to further committed direction. 

A strong barrier of resistance is in the way of greater upside at the psychological $200 mark.

Ripple's XRP technical analysis: XRP/USD at make or break $0.3000
Ripple's XRP price is trading with the green by some 0.65% in the session on Tuesday. 

XRP/USD is moving within consolidation mode, subject to the next committed move. 

The bulls continue to flirt with the big $0.3000 mark, yet to conquer.

Image Sourced from Pixabay


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