Crypto Market Today on the Rise: Are TOTALCAP, BTC, and BLUR Also Rising?

Crypto News – Significant resistance areas were seen for BTC price and TOTALCAP, while BLUR has been rising unabated since October.

Crypto Market Today on the Rise: Are TOTALCAP, BTC, and BLUR Also Rising?

Since November 8, TOTALCAP has fluctuated in value between $1.32 and $1.40 trillion. On November 16, it appeared to break out of the range high throughout this period, hitting a new yearly high of $1.43 trillion. The breakout, however, did not hold, and as a result, there was a divergence (green circle) above the horizontal resistance level of $1.39 trillion.

On November 20, TOTALCAP was denied by the range high following yet another unsuccessful attempt to break out. However, on November 22, TOTALCAP bounced after hitting the horizontal support of $1.32 trillion (green icon). That same day, it hit the high range (red icon). However, TOTALCAP might rise by 6% and hit the $1.48 trillion resistance area established by the 1.61 outer Fib retracement of the previous drop if it keeps rising and breaks out of the range high.

Symmetrical Triangle Pattern Seen in Bitcoin Price

Starting on November 9, the price of Bitcoin has been moving in a symmetric triangle. As a neutral pattern that frequently promotes trend continuation, the symmetrical triangle is valued. The price of Bitcoin is currently rising.

There have been three failed attempts (red icons) at a Bitcoin breakout up to this point. Bitcoin might rise by 10% to the next resistance level, which is $41,000, if the next one is successful. In spite of this positive prognosis for the price of BTC, a 4% decline to the price’s support trend line around $36,000 could occur if the triangle’s resistance is rejected.

Blur Price Hits $0.67 Today

When the price of BLUR broke out of a declining resistance trend line in October, it started a rapid rising trend. With today’s high of $0.67, the upward trend resulted in the regaining of the horizontal resistance levels of $0.25 and $0.40.

The price can rise by thirty percent to the next resistance level at $0.80 if the BLUR upward movement keeps up. Even with this optimistic BLUR price forecast, a rejection from the region might trigger a 35% decline to the $0.40 horizontal support zone.