Bitcoin price & Altcoin analytics

Ripple (XRP) has been in an uptrend for the past three days, but has been forced to move sideways. Currently, the cryptocurrency has been trading between $1.10 and $1.14 since October 13.

Binance Coin (BNB) price has continued its uptrend after breaking above the moving averages. Moreover, the BNB price is trying to break through the initial resistance at $470. A break above this resistance will allow the altcoin to rally to $520 or $560.

Bitcoin (BTC) price rises to a high of $58,488 today but falls below the $57,000 resistance, with buyers struggling to keep the BTC price above the $57,000 high.

The price of Bitcoin Cash (BCH) is on the retreat again after retesting resistance at $640. Today, the market has dropped to the low of $572 and further downside is likely. Over the past week, BCH has settled between the 21-day line SMA and the 50-day line SMA.

Last week, the price of Cardano (ADA) continued its downward trend as the altcoin fell to a low of $2.09. Cardano's recent decline is due to the failure of buyers to sustain bullish momentum above resistance at $2.40.

Today, the price of Litecoin (LTC) fell below the 50-day line SMA while the altcoin fell to a low of $166. The downtrend will resume if the bears break the 21-day line SMA. The current selling pressure is due to the failure of the bulls to overcome the $186 resistance level.

Over the past 48 hours, Ripple (XRP) has been in a downtrend. Today, XRP fell to a low of $1.082 after failing to break above the $1.20 resistance level. The altcoin has retreated to support above the 50-day line SMA.

The price of Ethereum (ETH) has risen back above the 50-day line SMA today, reaching a high of $3,600. Since October 6, Ether has peaked at $3,600 as buyers fail to sustain bullish momentum above the recent high.

The price of Bitcoin (BTC) resumed a new uptrend today after rising above $56,000 resistance. This means that Bitcoin is likely to rise to the psychological price level of $60,000.