Coinbry

  • Market Cap: $2,377,470,954,382.70
  • 24h Vol: $117,597,037,802.13
  • BTC Dominance: 50.74%
Analysis of Prices on 11/13: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

Analysis of Prices on 11/13: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

Bitcoin started the week with a minor correction, but altcoin traders remain unaffected. The crypto sentiment has improved significantly, with a sharp increase in crypto wallets holding over $1 million in Bitcoin this year. However, Bitcoin could face headwinds in the near term due to upcoming macroeconomic data and events. A short-term pullback is seen as healthy for the market, and analysts anticipate a Bitcoin rally in 2024. The S&P 500 Index shows bullish signs, while the U.S. Dollar Index is facing resistance. Bitcoin’s price is holding near the channel’s resistance line, but demand seems to be drying up at higher levels. Ether is attempting to flip the psychological level at $2,000 into support. BNB has been consolidating between $240 and $258, with an advantage to buyers. XRP is trading below $0.67 but has not fallen below the 20-day EMA. Solana’s rally may be overextended, and a correction or consolidation could be imminent. Cardano broke through a barrier but failed to build upon the recovery. Dogecoin rose above $0.08 but could not sustain higher levels. Chainlink’s rally may have been overextended, and a pullback to key support levels is possible.

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