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- Bitcoin rallied to its new 2020 high of $15950, presenting its highest price since January 2018 and nearly added 12% in the positive move from the past 24 hours.
- The global market capitalization has reached $ 445.20B, which has resulted in an increase of 8.36% over the day
- The overall volume traded in the last 24 hours has reached $209.80B resulting in a decline of -78.94% over the day
- The crypto king’s dominance reached 67.00%; however, it corrected itself quickly and currently standing at 65.38%, resulting in an increase of 0.78% over the day.
BTC Attempts for 16K Notching New 2020 High; Ethereum Surged Above $420 Reaching New Levels for the Month
The bullish November is impacting the overall market conditions, wherein Bitcoin is currently into a record-making rally. The price levels attempted for $16K and touched its highest levels for 33 months by reaching $15980. BTC’s price levels are now closest to its full recovery, as it is at 80% of its all-time high. On the other hand, Ethereum surged above the significant resistance level of $420.00, reaching new levels for the month. Some of the altcoins have also shown significant positive momentum like Aave, Uniswap, NEM, XLM. However, the competitive altcoins like BCH, BSV, XRP, etc., have failed to reach new levels for the year besides trading positive in the current market session.
Bitcoin Price Predictions
With the significant positive rally on Friday’s market session, Bitcoin has outperformed major financial institutions and assets for the year. The price levels attempted for a positive breakout above $16K and nearly surged 12% in the attempt. However, the price levels faced negative reversals from $15980.00, indicating that the crucial mark of $16k can be a newly built resistance. The CMP is currently placed at $15724.44, having an overall gain of 9.63%, bringing the market capitalization to $ 291,456,187,869, and the 24-hour volume traded to $ 75,389,955,929.
The fear&greed index is justifying this significant positive rally made by BTC as the index climbed to 90 ratings extreme greed for buying among investors for BTC. The index has reached the mark of 90 and above the first time since January 2018, indicating that the positive momentum for BTC might not be over so quickly, and we may see it gaining new levels to the mark $19K further ahead in the market.
Ethereum Price Predictions
Ethereum also performed significantly positive with Bitcoin as the levels surged above the significant resistance level of $420.00 on Friday’s market session. However, the ETH/BTC pair is still performing negatively with a loss of -1.81%, bringing the current level down to 0.02754075 BTC, doubting the recent positive rally’s sustainability. The CMP is placed at $432.99, having an overall gain of 7.63%, bringing the market capitalization to $49,062,498,992 with the 24-hour volume traded of $ 18,534,150,681. The levels slightly retraced back from the price level of $435.00, building a new resistance point.
Litecoin Price Predictions
Litecoin was able to break above the significant resistance level of $ 60.00 with meaningful bullish sentiment prevailing in the overall market conditions. The CMP is placed at $61.22 with a significant overall gain of 10.37%, bringing the market capitalization to $ 4,029,510,815 with the 24-hour volume traded of $ 3,821,682,896. The LTC/BTC pair has turned positive with an overall gain of 0.63%, bringing the current level to 0.00389280 BTC. The price levels will now be facing a significant resistance level of $ 65.00.
Ripple Price Predictions
Ripple has also broken above the resistance level of $0.250 while having an overall gain of 6.29%, bringing the CMP to $0.254297. However, the XRP/BTC pair continues to decline, which reduces the current bullish rally’s creditability. The pair is facing an overall loss of -2.635, bringing the current level down to 0.00001620 BTC. The market capitalization has reached $11,515,736,276 with the 24-hour volume traded of $ 6,272,053,392. XRP needs to target price sustainability at the same time while moving positively. Also, the XRP/BTC pair needs to turn positive for making a significant recovery action in the market.
Chainlink Price Predictions
Chainlink has broken above the crucial mark of $11.00 with a significant bullish rally of 7.75%, bringing the CMP to $11.28. The overall market capitalization for the crypto asset has reached $ 4,406,291,421 and the 24-hour volume traded to $ 1,531,093,663. The LINK/BTC pair performs negatively with a marginal loss of -0.93%, bringing the current level down to 0.00071827 BTC. The levels slightly retraced from the price level of $ 11.50 will can put doubts on the current positive move’s sustainability.
