Price analysis 11/17: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX

Price analysis 11/17: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX


Bitcoin (BTC) and Ether (ETH) are testing psychologically important support levels at $60,000 and $4,000 respectively. Both these levels are critical to keep the uptrend intact in the short term.

While the fall may scare off leveraged traders, Bitcoin whales seem to be viewing this dip as a buying opportunity. On-chain data shows that the third-largest Bitcoin whale added 207 Bitcoin to the holdings at an average price of about $62,053 per Bitcoin.

After the latest purchase, the whale’s holding has increased by 635 Bitcoin in November, according to journalist Colin Wu.

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Daily cryptocurrency market performance. Source: Coin360

However, it is not all bullish news for Bitcoin and cryptocurrencies. The U.S. dollar has risen to a sixteen-month high on expectations that soaring inflation may force the U.S. Federal

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