On November 8th, when this article was written, BTC had not surpassed $36,000 and had not given up on $35,000. After reaching its peak, the price seems to have paused its rise. The post Will Bitcoin (BTC) Fall? Analysis of Bitcoin and Avalanche (AVAX) Prices appeared first on COI...
Will Bitcoin (BTC) Fall?
“I do not expect to see below $33,700 in the short-term projection. In other words, regardless of how it goes in the coming days, I think the downside is extremely limited.”
Credible Crypto also said that clues about the outcome of current conditions could be shaped “within the next one or two days.”
BTC is currently not far from $35,500, and if it surpasses $36,000, investor appetite could revive. However, if the resistance continues to be challenging, it could support the selling motivation of investors waiting in profit.
Avalanche (AVAX) Analysis
While BTC raises doubts about the rise, AVAX Coin has surpassed $13 again. We mentioned a short time ago that BTC’s new resistance test would bring AVAX to this level. If BTC continues to stay above $35,200, AVAX Coin’s price can continue its weak but stable rise.
Currently, closings above $12.7 can ensure the continuation of the rise. For a strong recovery, we need to see a daily close above $13.43. In this scenario, the target could be the $17.6-$18 range after the $14.6 and $15 range.
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