Bitcoin
BTC$44 191.65

2.28%

Ethereum
ETH$2 384.27

1.22%

Tether
USDT$1.000286

0.02%

XRP
XRP$0.691977

7.73%

Binance Coin
BNB$244.21

4.75%

Solana
SOL$77.33

7.81%

Cryptocurrencies: Is winter coming?


18 Nov 2021

#Bitcoin

Bitcoin is trading in a 1% range with no pronounced momentum near $60K, losing 0.5% since the start of the day but up 0.5% to levels 24 hours ago. Cryptocurrency market capitalisation rose 1% to $2.62 trillion overnight, adding to altcoins. The Cryptocurrency Fear and Greed Index added 2 points to 54, remaining in neutral territory. In September and May, this shift in sentiment contributed to a prolonged, more than a month-long slump in the cryptocurrency market. But despite the deep correction, the market has remained in a long-term bullish trend this year.

In 2018, the onset of crypto winter was only after BTCUSD and ETHUSD sank below their 200-day moving averages. They are now at $48K and $3.8K, 20% and 10% below current levels, respectively. Above these levels, it only makes sense to talk about corrections within a bullish trend. These indicators are still valid now. Sharp and high volumes falling under these lines will be considered the beginning of the new crypto winter.

Looking more locally, the latest consolidation in the crypto after a downward momentum is hardly a good sign. We pay attention to the cautious approach of bulls, which are not in a hurry to buy and waiting for more precise signals for buying.The graphical picture is quite problematic at the moment: bitcoin is drawing its fifth consecutive daily decline candle, and each intraday low is lower than the previous one.

On the data analysis side, bitcoin on the daily charts keeps looping around its 50-day moving average, which has been assuming the role of a trend indicator for a few years now. A collapse and consolidation below that line (today passes through $59.4K) risks triggering an even bigger capitulation by buyers, who may rush to lock in profits after the rise in October.

The picture for Ether is slightly more optimistic. By the end of the day yesterday, ETHUSD had fumbled for support from buyers, holding it above the 4000 level. This former resistance level now serves as solid support for traders relying on tech analysis. However, a wider range of investors would probably prefer to see reliable signs of price gains and not rush to buy near the critical line. Bulls and bears are now clearly aware that opponents may be holding plans for a new attack near important levels.


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Bitcoin set for a deeper correction
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Bitcoin falls under pressure

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 83.2% 32 $44 191.65 2.28% 14.09% $864 601 373 120 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 77.2% 36 $2 384.27 1.22% 13.64% $286 631 337 595 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000286 0.02% -0.01% $90 361 522 312 USDT 7 days price change
4 XRP (XRP) XRP XRP predictions 81.6% 28 $0.691977 7.73% 12.59% $37 337 342 228 XRP 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 85.2% 18 $244.21 4.75% 6.78% $37 045 963 060 BNB 7 days price change
6 Solana (SOL) SOL Solana predictions 80.8% 38 $77.33 7.81% 24.47% $32 939 078 279 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $0.999988 -0.01% 0.01% $24 499 538 291 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 81.2% 37 $0.621468 30.58% 60.61% $21 949 609 212 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 74.4% 53 $0.104135 6.51% 24.05% $14 803 690 586 DOGE 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 75.6% 50 $32.83 21.42% 48.15% $12 006 820 565 AVAX 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 TRON (TRX) TRX TRON predictions 94% 7 $0.108469 2.71% 4.89% $9 596 597 053 TRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 77.6% 38 $17.23 7.97% 9.25% $9 592 622 058 LINK 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 90.4% 7 $0.107924 2.30% 4.39% $9 548 377 600 WTRX 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 78% 38 $7.54 20.76% 36.96% $9 456 502 227 DOT 7 days price change

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