Bitcoin, Ethereum Price Prediction- Market Leaders On Bullish Streak Rose Altcoins Higher — TradingView Haberleri

Bit­coin, Ethereum price pre­dic­tion: A bull­ish break­out of ris­ing BTC and ETH prices from their respec­tive resis­tance sug­gests fur­ther growth in the cryp­to mar­ket. This improv­ing mar­ket sen­ti­ment drove sev­er­al major cryp­tocur­ren­cies high­er, pro­vid­ing a relief ral­ly to coin holders.

Addi­tion­al­ly, the glob­al cryp­to mar­ket rose to $831.40 Bil­lion by 7:14 am EST Thurs­day, gain­ing 0.3% in the last 24 hours. How­ev­er, the total cryp­to mar­ket vol­ume plum­met­ed 11.87% to reach the $$57.61 Bil­lion mark. The total vol­ume in DeFi is cur­rent­ly at $3.64 Bil­lion, mak­ing up 6.31% of the total cryp­to mar­ket 24-hour volume. 

Top Gain­ers and Losers

Source- Coin360

The Curve DAO and GMX tokens show the high­est gains among the top 100 list­ed cryp­tocur­ren­cies. In the last 24 hours, the CRV price rose 10.22% to $0.685, while the GMX price rose 7.41% to $45.22. On the flip side, the EthereumPoW and Aptos are top losers, where the ETHW price at $3.33 shows a 5.48% fall, where­as the APT price at $4.28 reflects a 4.16% drop.

Bit­coin Price 

Source- Coin­mar­ket­cap

On Novem­ber 23rd, the Bit­coin price gave a bull­ish break­out from the resis­tance trend­line of a descend­ing tri­an­gle pat­tern. A bull­ish break­out from a bear­ish con­tin­u­a­tion pat­tern accen­tu­ates the buy­er’s com­mit­ment to reach a high­er level.

How­ev­er, the BTC price cur­rent­ly trades at the $16558 mark with an intra­day loss of 0.35%. This bear­ish can­dle is sup­posed to retest the breached resis­tance and check for price sus­tain­abil­i­ty above it.

If the buy­ing pres­sure per­sists, the poten­tial ral­ly will push the prices 7% high to the $18200-$18000 mark. Hav­ing said that, the buy­ers may strug­gle at an in-between resis­tance of $17000 before reach­ing its target. 

Source- Trad­ingview

On a con­trary note, a dai­ly can­dle clos­ing below the $16400-$16300 or trend­line will off­set the bull­ish thesis.

Ethereum price

Source- Coin­mar­ket­cap

The Ethereum price ris­ing for three con­sec­u­tive days gave a bull­ish break­out from com­bined resis­tance of $1185 and a downslop­ing trend­line. For the past two weeks, this dynam­ic resis­tance has assist­ed sell­ers in restrict­ing bull­ish growth and main­tain­ing a steady downfall.

Thus, this bull­ish break­out indi­cates a switch in mar­ket sen­ti­ment from sell­ing on ral­lies to buy­ing on dips. How­ev­er, the alt­coin cur­rent­ly trades at the $1195 mark and shows a bull­ish retest to the breached trend­line in a 4‑hour time frame chart.

If the ETH price sus­tains above the $1180 mark, the poten­tial upswing may dri­ve the prices 12% high to reach $1340.

Source-Trad­ingview

Con­verse­ly, if the sell­ing fails the retest phase with a 4‑hour can­dle clos­ing below the downslop­ing trend­line, the Ethereum price may plunge back to $1080.