BTC, ETH and XRP Price Analysis for November 6
11/07/2023 01:00
Which top coins can rise in current week?
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The cryptocurrency market keeps rising, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has gone up by 0.91% over the last 24 hours.
On the daily chart, the price of BTC is looking bullish as it is on its way to testing the resistance of $35,612. If the bar closes above that mark, the growth may continue to the $36,000 zone this week.
Bitcoin is trading at $35,171 at press time.
ETH/USD
Ethereum (ETH) is the biggest gainer from the list today, rising by 1.73%.
From the technical point of view, Ethereum (ETH) is looking even more bullish than Bitcoin (BTC). If today's bar closes above yesterday's peak, the growth is likely to continue to the vital zone of $2,000 until mid-November.
Ethereum is trading at $1,909 at press time.
XRP/USD
XRP is not an exception to the rule, rocketing by almost 12%.
The growth of XRP has continued after yesterday's bullish closure. If the bar closes with no long wick, one can expect a quicker test of the area of $0.80.
Such a scenario is relevant until the end of the week.
XRP is trading at $0.7230 at press time.
About the author
Denys Serhiichuk
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 [email protected].