RATE Group | Bitcoin and Altcoins In Corrective Increase But Downtrend Intact
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Bitcoin and Altcoins In Corrective Increase But Downtrend Intact

20 Nov Bitcoin and Altcoins In Corrective Increase But Downtrend Intact

Posted at 11:43h in Bitcoin News by

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In the past few sessions, there was a downside extension in bitcoin price below the USD 8,250 and USD 8,050 support levels. BTC/USD even tested the USD 8,000 handle and it is currently (09:00 UTC) correcting higher. However, there are many resistances on the upside near USD 8,250 and USD 8,320.
Similarly, most major altcoins are currently correcting higher, including ethereum, XRP, bitcoin cash, litecoin, EOS, BSV, ADA and XLM. ETH/USD is trading above the USD 175 level and it could test the USD 178 and USD 180 resistance levels. XRP/USD is gaining momentum and it is now trading above the USD 0.250 level.

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Bitcoin and Altcoins In Corrective Increase But Downtrend Intact 101
Source: www.tradingview.com

Bitcoin price

After a downside break below the USD 8,250 support, bitcoin price tagged the USD 8,000 area. BTC/USD traded to a new monthly low and it is currently correcting higher from the USD 8,000 support. It surpassed the USD 8,120 level, but there are many resistances on the upside, starting with USD 8,250 and up to…

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