Bitcoin and Ethereum price prediction: The failure of Ethereum and Bitcoin prices to maintain higher levels indicates uncertainty among market participants. Major currencies are unable to recover due to a sideways trend in market leaders. The global crypto market is at $833.58 million as of Wednesday 7.50 EST, which is 1.56 % lower than yesterday. However, the
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Brian Bollinger Bitcoin, Ethereum price prediction. The failure of the ETH and BTC prices to sustain higher levels indicates uncertainty among market participants. Major currencies are unable to recover due to a sideways trend in market leaders. As of 7.50 EST Wednesday, the global crypto market stands at $833.58 billion, down 1.56 % from yesterday.advertisementHowever, the total crypto market volume has dropped 11.03% to $62.65 Billion over the last 24 hours. The total volume of DeFi currently stands at $3.82 billion, which is 6.1% of the total 24-hour crypto market volume. Top Gainers and losersSource-Coin360The top gainer among the top 100 cryptocurrencies was Chiliz (CHZ) at$0.2281 and a 13.45% price jump. Stacks(STX) at $0.2383 had a 6.24% increase and Stacks at $0.2383 at $0.2383 was the second highest gainer at $0.2383 in the last 24 hours. Trust Wallet Token (CHZ) and GMX, on the other hand, are the top losers. TWT price fell 13.04% to $1.97, while GMX price dropped 11.60%% at $39.73. Trending StoriesBitcoin price Source- CoinmarketcapOn November 14, the Bitcoin price rebounded to $15825 after a Doji candle and large volume. The bullish reversal saw prices rise 6% in the past three days to $16700. However, the higher price rejection in last three days candle indicated that Bitcoin trader face high supply pressure from above. The coin is now 1.17% lower on intraday, triggering a side price move. Source: Tradingview. The Ethereum price Source: Coinmarketcap. As buyers struggle to find a bullish rebound, the Ethereum price remains above the $1220 support. The altcoin trades at $1211 with an intraday loss 2.54%. The bearish candle indicates a retread to break the $1220 resistance. A daily candle closing below the aforementioned support will indicate the sellers regain trend control and may prolong the prevailing downtrend.Thus, the post-breakdown fall could tumble the prices 9.6% down to $1100, followed by a $1000 psychological level.Source-TradingviewadvertisementOn a contrary note, if the buyers reverted the price higher to defend the $1220 support, the price will continue the consolidation phase.Share this article on:About author
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