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11/17/2021

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Bitcoin, Ethereum, Cardano Price Plummets, Will it Bounce Back?

With rising liquidations, Ethereum has underperformed. With the price nearing $1.8, a breakthrough is imminent. Crypto traders seem to be The post has appeared first on thenewscrypto.com

Bitcoin, Ethereum, Cardano Price Plummets, Will it Bounce Back?
Bitcoin, Ethereum, Cardano Price Plummets, Will it Bounce Back? Bitcoin News
  • With rising liquidations, Ethereum has underperformed.
  • With the price nearing $1.8, a breakthrough is imminent.

Crypto traders seem to be unhappy following early Tuesday’s market fall. But the indications and reiteration of a historical trend scream ideal. Also, new data reveals significant institutional investments in the crypto market. Bitcoin had the highest weekly inflows of $97 million, followed by Ethereum and Cardano with $17.3 million and $16.4 million, respectively. Crypto expert Jason Pizzano identifies key entry and departure locations for Bitcoin, Ethereum, and Cardano.

Bitcoin Analysis:

The price fell sharply to $59.25k after significant rejection at the $66.14k resistance neckline. To confirm the double top pattern, the Bitcoin price is likely to drop another 15%. Likewise, given the price’s recent upward trend, the next step should take beyond $70k.

ETH Price Analysis:

With rising liquidations, Ethereum has underperformed the bulk of cryptocurrencies, losing over 5% daily. The price has lost 36%, 36%, and 34% in three consecutive bear markets in the last three months. A 15% dip in the current bear market looks to be the top altcoin’s trend. It would drop another 10% to $3,700. But a price spike is coming.

Cardano Analysis:

Cardano price has been moving in symmetrical triangles. A breakthrough is near. The ideal entry zones for buying cryptocurrency are $1.5-$2. With the price nearing $1.8, a breakthrough is imminent.

Bitcoin Growth Continues!

On Tuesday, the BTC price dropped from $66.2k to $59.303k, causing a strong sell-off. Moreover, the fear and greed index remained neutral. But the most important asset still has room to rise.

Bought the dip a little early today, but it's another BUY:

The 3rd largest #Bitcoin whale wallet added 207 more #BTC today at $62k for a total of $12.8M USD. This came after adding 1,123 BTC at $64k last Friday.

This wallet now owns 108,528 BTC with an unrealized gain of $4.7B pic.twitter.com/BcoQLLuyyB

— venturefoundΞr (@venturefounder) November 16, 2021

However, one of the whale addresses has verified the biggest Bitcoin collection, stated a crypto analytics platform Venture founder. He just tweeted about the purchase of 207 BTC for $62k, or $12.8 million USD.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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