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BTC price is stuck at $17.2K

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Bitcoin May Fall As BTC Price Stuck At $17.2K – Nov 30, 2022

The BTC/USD pair rose above the $16,000 support but it is Stuck at $17.2k. As the buying pressure decreased, the price rebound achieved upward exhaustion. The largest altcoin is trying to overcome the $17,200 resistance. As the market entered the overbought zone, the buyers were unable to sustain the bullish momentum.

Bitcoin price statistics data:
• Bitcoin price now – $17,143.76
• Bitcoin market cap – $329,548,681,700
• Bitcoin circulating supply – 19,221,668.00 BTC
• Total Bitcoin Supply – $359,941,086,412
• Bitcoin Coinmarketcap Ranking – No. 1

resistance levels: $50,000, $55k, $60k
Support levels: $25,000, $20,000, $15,000

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Bitcoin (BTC) price managed to recover above the $16,000 level, snapping another bearish trend. Prior to the latest price increase, buyers were firmly protecting the support at $16,000. When the bears hit the current support on two occasions, the bulls bought the dips. Yesterday, the bitcoin price rose to a Up from $17,275 After the simple moving average crosses the 21-day line. The 50 day simple moving average has been insurmountable to the upside.

In addition, at the high of $17,272, Bitcoin price action stalled. The largest altcoin is now experiencing an overbought market. If the resistance at $17,200 and $18,000 price levels is overcome, bitcoin price will rise to $20,000 or $21,500. Today, bitcoin price rebounded to the $17,000 support. If buyers fail to break the resistance at $17,200, Bitcoin will continue to trade in a range between $15,500 and $17,200.

Community responses to the ECB’s criticism of Bitcoin

The Bitcoin community on Twitter used the comments section of a blog post by the European Central Bank criticizing Bitcoin to defend the digital currency. EU regulators have joined other international politicians in calling for more precise guidelines and restrictions on cryptocurrencies in the wake of the recent FTX crash and liquidity crisis. On November 30, the European Central Bank (ECB) published a blog post titled “Bitcoin’s Last Stand,” summarizing Bitcoin’s financial history amid recent price volatility.

However, it only highlighted its flaws rather than painting a complete picture that would include the highs and lows in cryptocurrency history up to that point. The article, written by ECB Managing Director Ulrich Bendsel and Chancellor Jürgen Schaff, claims that digital money is “on its way to irrelevance.” The cryptocurrency community has validated the assertions made in the paper and highlighted the credentials of its authors in hundreds of reactions to the ECB tweet alone.

BTC/USD – daily chart

Meanwhile, Bitcoin price is pulling back from the recent rally as it is stuck at $17.2K. The current rally was halted when Bitcoin veered towards the overbought territory of the market. Bitcoin price is expected to drop from its recent high as sellers start appearing in the overheated territory. For Bitcoin, the daily Stochastic has reached a bullish exhaustion level above the 80 level.

However, Bitcoin is still trading in the downtrend zone despite the price recovery. In addition, the largest cryptocurrency is facing the possibility of another fall. This is why we invest in Dash 2 Trade (D2T) Pre-sale that enables you to increase your trading experience. The D2T token pre-sale is available and has brought in nearly $8 million. Dash 2 Trade (D2T) is a unified analytics platform with market-beating intelligence and features to take your trading experience to the next level. Additional team members included, and the pre-release dashboard beta will be launched soon.

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BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

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BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

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DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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