The surge of Bitcoin’s prices saw a minor setback last week after SEC rejected VanEck’s Bitcoin exchange-traded product. This product was to track Bitcoin’s spot price. Despite that, BTC, along with other cryptocurrencies, might have a bullish performance this week.
BTC/USDT
The chart of BTC shows an upward-moving slope that suggests that the buyers have the upper hand. However, the negative divergence on RSI shows that the bullish momentum is getting weak. It is currently trading at, $65,842.52.
LINK/USDT
The bulls drove LINK or Chainlink beyond the overhead resistance at $35.23 for three consecutive days last week. However, they couldn’t sustain the price above this level. It shows that bears are strongly defending this barrier. It is currently trading at, $34.17.
AXS/USDT
AXS is currently rectifying in an uptrend. The Axie Infinity coin is trading inside increasing channel patterns, and its price has dipped to the 20 days EMA. At this point, the bulls are trying to arrest the decline. It is currently trading at, $143.69.
LTC/USDT
LTC or Litecoin completed a rounding bottom formation after breaking and closing above the overhead resistance at $225.30. The price swiftly recovered and crossed the barrier at $300. It was a psychological barrier where bears scaled a firm resistance. It is currently trading at, $276.69.
VET/USDT
The cryptocurrency VET or VeChain passed the barrier of $0.15 on November 4, showing that bulls overcame the bears. The price dropped back to the breakout level, and bears are trying to pull it below the trap. It is currently trading at, $313.73.
