Bitcoin and Ethereum Fall Back, Big Altcoins Turn Red

After rising above $68,600 and reaching a new all-time high, Bitcoin has now declined below $67,000 as it corrects the recent upward movement.

At the time of writing, BTC is trading at $66,852.66; 2.61% below the new all-time high.

Ethereum has also dropped after hitting a new all-time high of $4,837.59.

At the time of writing, ETH is trading at $4,746.47; 1.95% below the new all-time high.

Bitcoin Course

Bitcoin (BTC) has seen huge price movements in recent days. Analysts predict that the cryptocurrency may encounter some resistance at $67,500 if it tries to cross the all-time high again.

At the current rate, experts have their eyes on support near $ 66,000. Analysts believe that BTC could be heading for $65,500 should it break out to the downside.

Ethereum Price

When Ethereum (ETH) launched its current bull run, analysts believed that it could reach $5,000 before the end of the week. Instead, the coin fell below $4,750 and is consolidating above $4,700.

At the current price, experts highlight support near $ 4,600. After that, in their opinion, the price could continue to fall to $ 4, 550.

On the upside, the immediate barrier is $4,800. Experts believe that if ETH were to break through, it would hit the $5,000 target.

The price of the most important altcoins is entering the red area

Most of the major altcoins, including Cardano (ADA), Polkadot (DOT), Solana (SOL), Shiba Inu (SHIB) and Dogecoin (DOGE), have drifted into red territory today after a surge in recent days.

Cardano (ADA) has fallen by 2,17% in the last 24 hours and stands at $ 2,24, having risen above $ 2,30 yesterday (November 9). Experts look at the support level of $ 2.20. It could determine the direction in which ADA will develop.

Other altcoins that have seen a decline in the last 24 hours are Polkadot (DOT), which fell by 1,31% to $ 51,48, Dogecoin (DOGE), which fell by 1,42% to $ 0,272, Shiba Inu, which slipped by 3,91% to $ 0,0005364 and Solana (SOL), which recorded a minus of 1,94% and is now trading at $ 241,32.

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