Bitcoin (Btc) price rose from $16,542 to the $16,786 region during this morning’s trade, amid high demand for Bitcoin due to the current dollar weakness.
Bitcoin price analysis today:
The Crypto currency Bitcoin has formed an upward trend in the hourly interval. The trend was strengthened after breaking above a bearish trendline in yesterday’s session.
Bitcoin/USD price analysis today, November 24
- The MACD indicator is set up normally, the current signal is bullish, no confirmation required.
- The (ADX) indicator indicates the strength of the bullish trend as it sustains trading above the 30 pips area.
- So far, the simple moving average 20 and the fast moving average 10 are bullish.
Bitcoin predictions today:
Bitcoin, if it holds above $16,000, could target the $16,855 level.
Support: 16000 – 15500 – 15000
Resistance: 17250 – 18000 – 18682
Ethereum price analysis:
Ethereum (ETH) rallied from $1180 to the $1208 region during this morning’s session on strong demand.
The Crypto currency Ethereum is trading in an uptrend on the 60-minute time interval. The trend was supported by a breakout of the downtrend line in yesterday’s trade, as it broke the $1,200 resistance without confirmation.
Ethereum Price Analysis Today, November 24 vs USD
- The fast SMA 10 and slow SMA 20 are bullish.
- The ADX indicator is showing increased strength of the bullish trend, trading in the 39-point area.
- The MACD indicator is set up normally and the signal is currently bullish.
The Crypto currency ethereum, if it holds above $1200, could target the $1232 level.
Support: 1153 – 1100 – 1051
Resistance levels: 1200 – 1250 – 1271
That concludes part two of today’s bitcoin price article.
Digital currency Ripple analysis:
Ripple cryptocurrency (Xrp) (Ripple) rallied from $0.3782 to $0.3837 in today’s trade due to high demand for it.
On a 60-minute timeframe, we are neutral on Ripple as it trades within a defined range between the $0.3682 and $0.3820 areas.
Ripple price analysis against USD today, 24th November
- The ADX index recorded a level of 19 points in today’s trade, so its signal is neutral.
- Relative Strength Index (Rsi 14) is neutral as it is range bound.
- SMA 20 and SMA 10 are currently neutral.
It is expected that if the Crypto currency Ripple stays above the $0.3785 area, it may target the $0.3892 level.
Resistance: 0.3892- 0.40- 0.4174
Through the Bitcoin price article, we present an analysis of the Crypto currency Bitcoin, then an analysis of the price of Ethereum, and finally the Crypto currency Ripple.
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