The post Here’s What to Expect From Bitcoin, Ethereum & XRP Prices appeared on BitcoinEthereumNews.com.

Just before the monthly close, the bearish activity intensified, causing the prices of most tokens to plunge hard. Meanwhile, the Bitcoin (BTC) price is struggling to defend the support that keeps the bullish hopes alive. Besides, the Ethereum (ETH) price & XRP price are holding within the range, which suggests a strong rebound could be fast approaching.  Bitcoin (BTC) Price Analysis The Bitcoin price displayed a huge possibility of marking a new ATH in the first few days of November. However, the bearish interference prevented the bulls and dragged the levels heavily, which delayed the possibility of a new ATH. Moreover, the bears have begun to intensify their activity, suggesting a drop below $66,000 may be imminent.  After the recent rebound from the lows, the token has been ranging along the ascending trend line, indicating a continuation of consolidation until the first week of December. The RSI is holding the ascending trend line, and a rebound is much expected after testing the support. Secondly, the MACD suggests a rise in the selling pressure, but the levels remain within the positive range. Therefore, the current trade setup suggests the price to remain within an ascending triangle and reach the apex in December to trigger a breakout.  Ethereum (ETH) Price Analysis The volatility of Ethereum has dropped drastically as the token maintains a consolidated trend within a parallel channel since the drop in August. The dropped volume also substantiates the bearish claim, indicating the possibility of testing the lower support in the coming days. Therefore, the ETH price seems to be poised to maintain a continued descending trend for the next few days.  The latest drop has triggered the price below the crucial 50-day MA that has flashed a bearish signal for the token. The MACD displays a rise in the selling…

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Filed under: News - @ November 3, 2024 10:38 am