BITCOIN ANALYSIS TODAY (November 10)
Bitcoin price today on November 10 continues to plunge without braking, it seems that it will be difficult to regain the $ 20,000 mark. The cryptocurrency market is also flooded with red.
Bitcoin price trend today 10/11 is continuing to free fall, evaporating more than 15.6% of its value in just the past 24 hours.
At the time of writing, Bitcoin trades at around $16,120, down 11.85%. In the past 24 hours, Bitcoin hit a high of $18,517, as low as $15,588.
The highest bitcoin transaction price in the past day, despite recovering slightly from the $17,000 price zone of the previous 24 hours, was still only at $18,650, seemingly hard to regain the $21,000 mark as in the previous week.
Bitcoin trading volume in the past 24 hours is around 101,393 million bitcoins. Market capitalization fell to $302,675 million. The circulating supply is 19.19 million.
Over the past 24 hours, an estimated $216 million in BTC has been liquidated. BTC dumped heavily to the $15,500 region - the lowest level in the past 2 years - before retracing to $16,200.
The entire crypto market capitalization is currently around $788 billion, down $262 billion since the start of the week.
BTC Technical Analysis
The bearish wave of #BTCUSDT at H4 is also very strong because it has a very steep angle, plus it consists of many large falling H4 bars one after another. With this downtrend, it is likely to continue with more drops higher than the reversal.
However, there will be a short-term retracement to the 17300 area for BTC to have the motivation to go deeper!
From the above signals, to be cautious, we will stand outside and wait for the price retracement before entering Short #BTCUSDT in the direction of the downtrend.
Join the Fomo Group for more comments.
Bitcoin price trend today 10/11 is continuing to free fall, evaporating more than 15.6% of its value in just the past 24 hours.
At the time of writing, Bitcoin trades at around $16,120, down 11.85%. In the past 24 hours, Bitcoin hit a high of $18,517, as low as $15,588.
The highest bitcoin transaction price in the past day, despite recovering slightly from the $17,000 price zone of the previous 24 hours, was still only at $18,650, seemingly hard to regain the $21,000 mark as in the previous week.
Bitcoin trading volume in the past 24 hours is around 101,393 million bitcoins. Market capitalization fell to $302,675 million. The circulating supply is 19.19 million.
Over the past 24 hours, an estimated $216 million in BTC has been liquidated. BTC dumped heavily to the $15,500 region - the lowest level in the past 2 years - before retracing to $16,200.
The entire crypto market capitalization is currently around $788 billion, down $262 billion since the start of the week.
BTC Technical Analysis
The bearish wave of #BTCUSDT at H4 is also very strong because it has a very steep angle, plus it consists of many large falling H4 bars one after another. With this downtrend, it is likely to continue with more drops higher than the reversal.
However, there will be a short-term retracement to the 17300 area for BTC to have the motivation to go deeper!
From the above signals, to be cautious, we will stand outside and wait for the price retracement before entering Short #BTCUSDT in the direction of the downtrend.
Join the Fomo Group for more comments.