Main navigation

BTC, ETH and BNB Price Analysis for November 13

Price Predictions
Sat, 11/13/2021 - 15:41
article image
Denys Serhiichuk
Have altcoins gained enough power to rise against Bitcoin (BTC)?
BTC, ETH and BNB Price Analysis for November 13
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

The weekend has begun with a neutral mood on the cryptocurrency market as some coins are in the red zone, while others keep growing.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is the only falling coin from our list. The rate of the main crypto has declined by 0.18% over the last day.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Bitcoin (BTC) could not stay above the vital level at $64,300, which means that bears have seized the initiative. The trading volume has also increased, confirming sellers' pressure. In this case, the more likely price action is the test of the liquidity zone around $62,000, where a reversal is possible.

Bitcoin is trading at $63,585 at press time.

ETH/USD

Ethereum (ETH) is looking much stronger than BTC, going up by 0.37% over the past 24 hours.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Despite the rise, Etheruem (ETH) might need more power to keep the growth as buyers have failed to set a new peak. Currently, the main altcoin is trading in a range between the resistance at $4,842 and the support at $4,375.

Related
SHIB and DOGE Price Analysis for November 10

If sellers' pressure continues, one may expect a bounceback from the support by the end of the next week.

Ethereum is trading at $4,608 at press time.

BNB/USD

Binance Coin (BNB) is the biggest gainer from the list today, as its rate has increased by 2.36%.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

Binance Coin (BNB) seems to still have the strength to keep the rise going, as it remains trading above the crucial level of $600. However, at the moment, sideways trading prevails as the native exchange coin is located within a wide channel. If bulls break the resistance at $669 and fix above it, the rise may continue to $700.

BNB is trading at $634.50 at press time.

article image
About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.