Top 3 Price Prediction Bitcoin, Ethereum, Ripple: November’s Final Weekend
, 2022-11-24 14:00:00,
- Bitcoin consolidates below a broken level of support.
- Ethereum price recovered 12% of market losses but still shows unsecure signals.
- XRP price diverges from the market and has created a break of market structure.
The crypto market has produced a relief rally that is enticing traders to join the trend and aim for higher targets. Still, going into the final trading weekend, traders should expect volatility and a challenge to make profit. Key levels have been defined to determine the Top 3 crypto’s next potential moves.
Bitcoin price in make-or-break
Bitcoin price has recovered 7% of market value after breaking out to the downside after nearly two weeks of consolidation. The newfound low at $15,476 produced a bullish divergence on the Relative Strength Index (RSI), likely enticing traders to consider riding a long position throughout the weekend. Although the BTC price shows optimistic signals, overly-cautious risk management practices should be applied for the remainder of November.
Bitcoin price currently auctions at $16,617. The 7% relief rally has become a stalemate on Thursday, November 24, as the bulls and bears wrestle for grounds on smaller time frames. The 8-day exponential moving average was successfully breached as of November 23, which would give classical price action traders more confidence to aim for the 21-day simple moving average at $17,601.
Still, the Bitcoin price has yet to cross through a triangle apex near the current…
,
To read the original article from news.google.com Click here