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Top 2 Gainers of the day: Bitcoin Diamond and Bitcoin Gold – Coinnounce

Bitcoin Diamond: BCD

Support Level: $1.1

Resistance Level: $1.13

Bitcoin diamond was trading around $1.7 before the market crash which led to the price fall. The major price downfall for Bitcoin Diamond started on 19th November up to 20th November when BCD fell up to $0.84. After reaching this bottom the price started to correct.

BCDUSD 24 hour chart

Bitcoin Diamond is currently trading at 0.1174 (at the time of writing). The price has experienced a bullish momentum in the last 24 hours with the coin rising more than 18%. The current support level lies at $1.10 and the resistance at $1.13.

Bitcoin Gold (BTG)

Support Level: $20.7

Resistance Level: $23.2

The Price of Bitcoin Gold also experienced a major downfall on 20th November with the price dropping from $27 up to $18.7. The coin is currently trading around $21.248 with a significant rise of around 10% in the last 24 hours.

BTGUSD Price Chart

Looking at the 24-hour chart, the MACD is in a bullish zone. The price may experience some hurdles while trying to chase the resistance at $23.2. The major support lies around $20.7.

What about Bitcoin?

BTCUSD 24 hour chart

In the last 24 hours, the price of Bitcoin has made some minor corrections but not a major one which the cryptocurrency community is awaiting. Bitcoin is currently trading around $4448 (at the time of writing). The MACD is currently in the bearish zone. The price may settle at around $4400 at the next half of the day. Bitcoin experienced a massive crash on 14th November with the start of Bitcoin Cash Hash Wars. Michael Moro, the CEO at Genesis Trading recently made his bitcoin prediction that the price will hit $3000 before starting to rise again. Other cryptocurrency analysts have also predicted the same moves with some pointing out to $2000 range and some even below. However, in the long run, analysts predict a major bullish run in the upcoming years with Tim Draper still predicting a whopping $250,000 price of bitcoin by 2022.

What are your thoughts on the current market situation? Tell us in the comments section below.

Layla Harding

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