RATE Group | Bitcoin and Altcoins Spring Up, Face Strong Resistance
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Bitcoin and Altcoins Spring Up, Face Strong Resistance

26 Nov Bitcoin and Altcoins Spring Up, Face Strong Resistance

Posted at 10:27h in Bitcoin News by

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After a nasty decline, bitcoin price found support near USD 6,550. BTC/USD started a relief rally and climbed more than 10% in the past three sessions. It broke the USD 6,850 and USD 7,000 resistance levels. However, the price seems to be struggling (09: 00 UTC) to clear the USD 7,350 resistance area.

Similarly, there was a solid bounce in many major altcoins, including ethereum, XRP, bitcoin cash, litecoin, EOS, BSV, ADA, TRX and XLM. ETH/USD is back above USD 145, but it is facing resistance near the USD 150 and USD 155 levels. Besides, XRP/USD is lacking momentum and finding it hard to climb above USD 0.220 and USD 0.222.

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Bitcoin and Altcoins Spring Up, Face Strong Resistance 101
Source: www.tradingview.com

Bitcoin price

Finally, bitcoin price found support near the USD 6,550 level and recently started recovering. BTC/USD traded above the USD 6,850 and USD 7,000 resistance levels. The price even climbed above USD 7,200, but the USD 7,350 and USD 7,420 levels are preventing further upsides.
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