Current Date:February 23, 2025

Bitcoin, Ethereum and Avalanche Analysis – 28 November 2022

Total value of the cryptocurrency market CoinGeckoAccording to data, it decreased by 2.6 percent in the last 24 hours to 854 million dollars. bitcoin(BTC), Ethereum(ETH) and AVAXLet’s examine the price movements in . bitcoinHow many dollars is it trading? Ethereumwhat level? AVAXWhat’s the latest situation in ?

Bitcoin (BTC) Price Analysis

Bitcoin has lost 2.1 percent in the last 24 hours, according to CoinGecko data. The market’s leading cryptocurrency bitcoin has experienced a serious decline from the band of 19-20 thousand dollars, where it has been moving for a long time. Bitcoin continues its price course at 16-17 thousand dollars with its movement zone.

Bitcoin daily chart

bitcoin We will wait for ‘s to determine its direction with the news flow from these levels. In addition, when we look at the 50-day average, we see that this value is quite independent of the price. For this reason, we can say that Bitcoin will remain horizontal at these levels for a while. If there will be a continued decline in BTC, the next stop may be the $ 15-16 thousand region. If there will be a rise, Bitcoin’s first stop may be to try the 19-20 thousand dollar region after holding on to the 18 thousand dollar band. bitcoinAs of the time of writing, it is trading at 16 thousand dollars.

Click for Bitcoin live price.

Ethereum (ETH) Price Analysis

As we see low levels in every crypto money due to the bear season in the crypto money market. Ethereum On the (ETH) side, the price is also in a downtrend. When we examine the price action on the Ethereum side, ETHWe see that , according to CoinGecko data, has experienced a decrease of 3.6 in the last 24 hours.

Ethereum’s daily chart

We can say that the next target in Ethereum is to hold in the $ 1200-1300 region. If there is a decrease on the Ethereum side, our first stop may be the $1000 band. As of the time of writing EthereumIt is trading at the $1100 level.

Click for the instant price of Ethereum.

Avalanche (AVAX) Price Analysis

AVAX, the 20th most popular coin in the crypto market, continues its downward trend as in other cryptocurrencies. It has dropped 4.7 percent in the last 24 hours, according to CoinGecko data.

Avalanche’s daily chart

AVAX is currently hovering at $12.3. The next target in AVAX could be called holding on to 13.7 support. The developments in the coming days will play a role in determining the direction.

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