Bitcoin Bitcoin , BTC to USD, rose by 3.47% in the week ending 14 th November.Following a 3.16% gain from the week prior, Bitcoin ended the week at $65474.0.
A bullish start to the week saw Bitcoin rise to Wednesday intraweek high and a new ATH $68,958.0 b before hitting reverse.
Bitcoin broke through the first major resistance level at $65,195 and the second major resistance level at $67,128.
The reversal, however, saw Bitcoin slide to a Friday intraweek low $62,255.0.
Steering clear of the first major support level at $60,426, Bitcoin found support to end the week at $65,000 levels.
The recovery also saw Bitcoin break back through the first major resistance level at $65,195.
3-days in the green that included a 6.74% rally on Monday delivered the upside for the week.A 3.09% slide on Wednesday limited the upside, however.
At the time of writing, Bitcoin was up by 0.69% to $65,929.0.A bullish start to the week saw Bitcoin rise from an early Monday low $65,474.0 to a high $66,163.0.
Bitcoin left the major support and resistance levels untested early on.
For the week ahead Bitcoin would need to avoid a fall back through the $65,562 pivot to bring the first major resistance level at $68,870 into play.
Support from the broader market would be needed for Bitcoin to break back through to $68,000 levels.
Barring an extended crypto rally, the first major resistance level and last week’s ATH $68,958.0 would likely cap any upside.
In the event of an extended breakout, Bitcoin could test second major resistance level at $72,265 before any pullback.
A fall back through the $65,562 pivot would bring the first major support level at $62,167 into play.
Barring an extended sell-off, Bitcoin should steer clear of the sub-$60,000 levels.
The second major support level sits at $58,859.
Ethereum Ethereum rose by 0.21% in the week ending 14 th November.
Following a 7.62% gain from the previous week, Ethereum ended the week at $4,627.03.
A bullish start to the week saw Ethereum rise to a Wednesday intraweek high and ATH $4,867.81 before hitting reverse.
Story continues Ethereum broke through the first major resistance level at $4,808 before sliding to a Wednesday intraweek low $4,460.00.
Steering well clear of the first major support level at $4,288, Ethereum revisited $4,800 levels before easing back.
The first major resistance level at $4,808 pegged Ethereum back from a 2 nd breakout later in the week.
2-days in the green that included a 4.22% rally on Monday delivered the upside in the week.
At the time of writing, Ethereum was up by 1.26% to $4,685.21.A bullish start to the week saw Ethereum rise from an early Monday low $4,626.61 to a high $4,696.04.
Ethereum left the major support and resistance levels untested early on.
For the week ahead Ethereum would need avoid a fall back through the $4,652 pivot level to support a run at the first major resistance level at $4,843.
Support from the broader market would be needed, however, for Ethereum to break back through to $4,800 levels.
Barring an extended crypto rally, the first major resistance level and last week’s ATH $4,867.81 would likely cap any upside.
In the event of another extended breakout, Ethereum could test the second major resistance level at $5,059.
A fall back through the $4,652 pivot would bring the first major support level at $4,435 into play.
Barring an extended sell-off in the week, Ethereum should steer clear of the second major support level at $4,244.
This article was originally posted on FX Empire
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