Guruprasad Venkatesha
Guruprasad Venkatesha 2 minutes reading from Bitcoin

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin: Price Analysis Next Week

GA! BTC broke the local resistance at 20700 & even managed to trade above it but was unable to break 21k. It can move further if 20200 is not broken on a 1D candle. Resistance is again at 20700-21000 but support is at 20200-19500! Next week is crucial! cryptocurrencies

ETH went past 1650 but was unable to see buying pressure beyond that point. ETH should cross 1720 to resume the rally but on the downside should not break the 1480. We are good as long as ETH trades above 1480. Strong support is at 1280 but once again next week is crucial

Altcoins are still looking good with impressive gains. Old Altcoins are performing better than recently listed tokens but to see broad based rally, ETH should stay above 1480 & BTC above 20200. If BTC dumps below 19500 then we will see profit booking in Altcoins

I won’t change my bag for the next 2-3 years. So it remains the same. BICO DOT MANA MATIC LRC THETA BIT OCEAN CAKE FTT BNB BCUBE RARI NEAR MOVR GALA are my best bets for the next bull cycle in 2024! Crypto cryptotrading 1000x 100xgem Cryptocurrency

There will be too much speculation based pumps in dogecoin as well as layer 1 blockchains as new players will soon hit the market via airdrops! If Twitter accepts payment in dogecoin then we can see it going to 1 very easily as FOMO will be brutal! Keep an eye! cryptotrading

Summary: BTC has always been steady & looking for a breakout but the news from US FOMC or CPI data has always played a spoilsport in the past. Also earnings were not as expected. So November can see some correction. Not to forget we are still in a bear market! CryptoInvestor

In case if BTC is able to absorb the shock next week after new data comes out from the US, then we can expect the rally to sustain for a little more time. Else we will come back to 18500-21k range. Current rally was due to short covering & hope there won’t be a new build up

This post is based on this twitter thread.


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