According to analyst Denys Serhiichuk, all top 10 cryptocurrencies are starting to stabilize their profits after falling into the red zone. Now we take a look at the technical levels of Bitcoin, Cardano and Binance Coin for the month of November. Our first stop will be Bitcoin predictions under $60,000.
Can Bitcoin (BTC) make another correction?
Bitcoin (BTC) is up 1.2% since yesterday, while its price has dropped 3.31% over the past seven days. After a quick contact to the $56,560 support, Bitcoin (BTC) failed to hold the bullish and stabilized above $62,000. Although the selling volume is low, the decline may continue as buyers are not very interested in buying at the moment, according to the analyst. In this case, if the bears break the support, the analyst thinks BTC could drop to $53,000 next week.
Cardano (ADA) technical analysis
cryptocoin.com The Cardano (ADA) price, which we have quoted as the biggest loser of the list, with a weekly decrease of 9.35%. It looks even worse than Bitcoin (BTC) as ADA price returns to support after a false breakout. A break of $1,822 could be a major bearish signal and could bring ADA back to $1.50 soon. ADA, the fifth largest cryptocurrency by market cap, was trading at $1.96 at the time of writing.
Binance Coin (BNB)
Despite today’s recession, Binance Coin (BNB) is up 9.92% last week. Binance Coin (BNB) is moving to continue the uptrend and break the $509.70 support of the weakening bulls. In this context, the currency of the Binance exchange may soon continue towards the liquidity area around $487. At the time of writing, BNB was trading at $536.
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