Bitcoin price finds support at USD 58,500 and recovers on November 18, 2021 in the crypto market. Bitcoin has reclaimed its previous high of $60,000. If the price closes above $ 61,200, it may head towards the $ 62,500 resistance level
Bitcoin Price on November 18, 2021 in the Cryptocurrency Market
Following a dramatic drop, Bitcoin’s price found support near $58,500. BTC began to rise and reached a high of $60,000. On the downside, the price could be hovering around $61,000. If the price closes above $61,000, it may be pushed towards the $62,500 resistance level.
Initial support, on the other hand, is near $ 60,200. The next major support level is around $ 60,000, below which a new decline could start.
Ethereum Price on November 18, 2021, in the Crypto Market
The price of Ethereum is still well above $ 4,000 and $ 4,050. As a result, the price has risen above the USD 4,250 resistance level. The price even broke through the $4,300 barrier and is now hovering around it.
Initial support is near $ 4,250 on the downside. The price can test $ 4,050 if it breaks through the main support level of $ 4,180.
November 18, 2021: ADA, BNB, SOL, SHIB, and XRP on the Cryptocurrency Market
Cardano (ADA) has risen above the resistance levels of $ 1.88 and $ 1.90. On the flip side, the price could face sellers near $ 1.92 and $ 1.95. The main hurdle for the bulls is currently near the $ 2.00 mark.
Binance Coin (BNB) tested the USD 550 support. A base is formed and the price is currently moving up. If there is a break above $ 590, the price could breakthrough as much as $ 600. Conversely, a further decline towards the USD 565 support is possible.
Solana (SOL) is moving higher and trading near the $ 220 mark. Immediate resistance is near the $ 225 level. Any significant move above this level could push the price towards the USD 235 resistance.
SHIB tries to recover, but it runs across resistance near $ 0.0000050. If the price breaks above $ 0.0000500, the price may rise even further. The next major resistance is near $ 0.0000525, and a rally to $ 0.0000055 is possible if it is overcome.
The price of XRP has risen about 6% and has broken above the $ 1.12 resistance level. Currently, the price is approaching the $ 1.15 resistance level. In the immediate term, any other increase is expected to push XRP towards the $ 1.20 obstacle.
Today’s Cryptocurrency Market: Another Altcoin Market Nov 18, 2021
CRO, KDA, IMX, KCS, AVAX, UMA, WAXP, YFI, AUDIO, SAND, CRV, MATIC, and MINA are among the cryptocurrencies that have gained more than 8%. The CRO, for example, increased by 46 percent to $ 0.55. In the meantime, the IOTX and LRC are down around 10%.
Overall, the Bitcoin price is holding steady above $ 60,000. BTC could bounce to the $ 62,500 resistance area if it breaks above $61,000.