Bitcoin, Cardano and Dogecoin – European Wrap 17 November


Bitcoin price is in a suspended state as it grapples with a crucial psychological level. A make-or-break situation develops for altcoins as Ethereum and Ripple follow suit.

 

BTC/USD 1-day chart

Cardano price has seen a massive downswing over the week, causing it to slide below crucial barriers. Fortunately, this correction is above a significant demand zone that will likely trigger a buying spree, pushing ADA higher.

 

ADA/USDT 6-hour chart

Cryptocurrencies saw a massive rally during the 2021 bull run. Altcoins, DeFi blue chips and even meme coins saw their value more than double in a few days to months. This expansion in their price is something that happens during every boom cycle.

BTC vs Penny cryptos returns chart

 

 

 

 



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