Bitcoin Price Analysis on November 13: the Main Cryptocurrency Stagnation and One of the Largest Exchanges Token Launch

Over the previous day, the worth of bitcoin has now not modified, including simplest 0.1%. Dealers nonetheless take the initiative and push the worth down slightly on a daily basis. Buying and selling volumes are minimum and additionally display a decline. The bitcoin worth at the second is $8,740.

Over the previous day, the bears attempted to take the stage of $8,500 as soon as once more however didn’t do it. The minimal at which bitcoin dropped the day prior to this is at round $8,549.

Price continues to stick beneath the downtrend line. The day before today, consumers made a number of makes an attempt to wreck it thru, however their power wasn’t sufficient. Additionally, the development crosses the Fibonacci stage 0.5 now. And the worth is consolidating exactly at that stage.

Judging through the stochastic on the 4-hour time-frame, in the coming days, consumers will make some other try to smash thru the above resistance. The additional motion of bitcoin will rely on this result. However generally, the scenario appears adverse and predisposes to brief.

The entire marketplace capitalization has now not modified over the previous day, and quantities to $240 billion. The similar factor occurs with the buying and selling quantity, which, like the day prior to this, is the same as $68 billion. The dominance of bitcoin has now not modified, and is at the stage of 66%.

Even supposing bitcoin behaved the previous day flippantly, nonetheless, altcoins from the Most sensible-100 have not proven any vital expansion. The chief was once Komodo that added 14.3% in keeping with day, which allowed capitalization to extend to $100 million. In 2nd position are Aurora and Quant, which greater in worth through 11% and 9%, respectively.

Komodo – USD Historic Price Chart

For the 2nd day in a row, DxChain leads the record of fall leaders with a consequence of -15.2%. After the expansion, which started at the finish of October, the coin grew four instances, with out felt sensing any corrections. The power of consumers has been exhausted, and we see correctional construction is starting to broaden.

DxChain – USD Historic Price Chart

The day before today it turned into identified that the greatest Korean change Bithumb will release sti change token — Bithumb Coin. This cryptocurrency will probably be introduced on its blockchain community — Bithumb Chain.

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