RATE Group | Bitcoin bulls and bears standoff continue, someone has to give in
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Bitcoin bulls and bears standoff continue, someone has to give in

21 Nov Bitcoin bulls and bears standoff continue, someone has to give in

Posted at 08:04h in Bitcoin News by

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  • Bitcoin (BTC) is locked in a tight range with the support of $8,000.
  • Altcoins retain rangebound bias during early Asian hours.

The cryptocurrency market is dominated by bearish sentiments during early Asian hours. Bitcoin and most altcoins out of top-20 are nursing losses on a day-to-day basis. Binance Coin (BNB) is the biggest loser, down 4%, while Tezos (XTZ) and Bitcoin Cash (BCH) is in a green zone. The total cryptocurrency market capitalization stayed at to $220 billion, down $223 billion from this time on Wednesday; an average daily trading volume is registered at $65 billion. Bitcoin’s market share settled at 65.9%.

Top-3 coins price overview 

BTC/USD is hovering in the range limited by $8,150 on the upside and $8,000 on the downside. While the price managed to recover from the recent low of $7,990, the upside momentum is nowhere to be seen. Looking we will need to see a sustainable move above $8,150 barrier strengthened by the upper line of 1-hour…

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