If the momentum can carry the price above $17,200, then the bulls will have a clear shot at the all-time highs.
The bulls will again attempt to thrust the price above the wedge.
Conversely, if the bulls can push the price above $488.134, the next leg of the uptrend is likely to begin.
Contrary to this assumption, if the bulls again fail to sustain the price above $0.26, then the bears will try to pull the price back below the moving averages.
The bulls are currently attempting to drive the price above $13.28.
This has attracted selling by the bears and Bitcoin Cash has broken below the 20-day EMA. If the bears sink the price below the 50-day simple moving average, the BCH/USD pair could drop to the next support at $231. The bulls have defended this support on two previous occasions a break below it may intensify selling and drag the price to $200. However, the 20-day EMA is flat and the RSI is close to the midpoint, which suggests a few more days of range-bound action.
The momentum could pick up if the bulls push the price above $280 or the bears sink the price below $231.LTC/USD. Litecoin has surged above the $64 resistance today, which shows that the bulls have overpowered the bears.
DOT/USD. Polkadot turned down from $4.63 on Nov. 11 and the bears attempted to sink the price below the 20-day EMA on Nov. 12 but failed.
The ADA/USD pair could pick up momentum after the bulls push the price above $0.1142241.
The next trending move may start after the bulls push the price above $0.1142241 or the bears sink the price below $0.0893.BSV/USD. The bulls have failed to propel Bitcoin SV above the 20-day EMA in the past three days.
Price analysis 11/13: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV
Published on Nov 13, 2020
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.