Altcoins

These are the Potential Targets for Bitcoin & Altcoins For November 2022

Author: Sahana Vibhute

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A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Highlights
  • Bitcoin price slashed hard and most of the altcoins also appear to have been following the star crypto

  • Ethereum price is closer to losing $1000, while Cardano price may drop below $0.3 flashing fresh bearish signals

The crypto market trends have again turned extremely bearish as the Bitcoin price has slipped below the crucial support zone. Meanwhile, the bulls have managed to hold the prices at these levels, but an extreme bearish push may drag the price lower. The other altcoins have also been impacted in a similar way and are experiencing significant upward pressure. 

Ethereum’s price is closer to losing $1000, while Cardano’s price may drop below $0.3. Dogecoin is yet again approaching its crucial support zone close to $0.07, and the Polygon price is closer to slicing through the pivotal zone around $0.75. The entire market situation points towards assets heading towards the bottom of the current capitulation phase. 

Therefore, a well-known analyst anonymously called il capo of crypto shared the bottom of Bitcoin and other altcoins.

As per the analyst, the BTC price may mark its bottom between $12K to $14K and as per the fresh fallouts, the price flashed significant bearish signals. Meanwhile, ETH, as mentioned, is closer to dropping to a 3-digit figure, and forms new bottoms around $600 to $650. The most interesting forecast is for the FTX (FTT) token which is trading around $1.27 and is speculated to trade at around $0.000001. 

Collectively, bearish clouds are expected to prevail for a long as the indicators are extremely negative at the moment. While the bulls always jump in to accumulate at the bottoms, a notable rebound may be expected as the prices reach their respective lows. 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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