Daily Trade News

Traders say Bitcoin’s drop to $57K is an ‘attractive entry’ for



© Reuters.

The price of (BTC) dropped to fresh lows on Nov. 18, and the brief visit to the $56,000 level resulted in a sharp sell-off in Ether (ETH) and altcoins.

Data from Cointelegraph Markets Pro and TradingView shows that support at $60,000 was breached early on in the United States trading session, and this allowed bears to briefly take control of the market.

BTC/USDT 4-hour chart. Source: TradingView
short-term technical outlook. Source: Delphi Digital
Major support and resistance levels for Ether. Source: Delphi Digital
1-day chart. Source: Twitter (NYSE:)