Price analysis 11/20: BTC, ETH, XRP, LINK, LTC, BCH, DOT, BNB, ADA, BSV
Bitcoin’s correction from $18,466.14 was short-lived, as the bulls defended the $17,200 support and have currently pushed the price to a new 52-week high. Bitcoin Cash (BCH) has held the $242 support for the past two days, which shows that bulls are buying at lower levels.
This bullish view will be invalidated if the bears drag the price back below the breakout level of $4.95 and the 20-day EMA. On the other hand, if the bulls can thrust the price above the resistance zone, the pair could retest the all-time highs at $39.5941.