Tuesday Nov. 26 - Most cryptocurrencies are back to trading sideways, including Bitcoin which has not been able to find higher trading levels in the past 24 hours.
Bitcoin started the day at the $7,140 price mark, at which point the world's largest crypto coin found an intra-day high of $7,320, before moving down again towards its current trading price near $7,190.
BTC is still down around 12% from the weekly open of $8,200, while, over the month, investors have lost close to $2,000 per coin.
"The most bearish immediate outlook at the moment would be $6K failing to act as a support and a fast fall to retest the 200-week moving average, currently around $5,400."
Bitcoin could close 2019 above $10,000More positive about BTC's outlook was PlanB, the Twitter analyst known for his Stock-to-Flow Bitcoin price charts.
Ether continues to trade in sync with BTC. The number-one altcoin bounced off its daily low of $145 before moving up to its current trading price of around $149 per coin.
Ether is showing a modest gain of around 1.3% at press time.
XRP, the third-largest coin by market capitalization, is following today's trend and is trading relatively flatly.
Top 20 coins mostly in the greenThe majority of top-20 coins are showing mild signs of recovery, with Tron taking the lead, up more than 7% on the day.
Tezos is the only of the top 20 to see a loss on the day, down 0.4%.The overall cryptocurrency market cap currently sits around $196.7 billion, with Bitcoin making up 66.3% of the total.
Market Mostly Trades Sideways as Bitcoin Price Hovers Around $7,200
gepubliceerd op Nov 27, 2019
by Cointele | gepubliceerd op Coinage
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