Cryptocurrencies Price Prediction: Bitcoin, Enjin Coin & AVAX Asian Wrap 15 November – FXStreet

Bitcoin price, at the time of writing, is witnessing an uptrend flip for the first time in a month on the daily chart. The credit for this goes to the US Bureau of Labor Statistics (BLS), which released the Consumer Price Index (CPI) data for the month of October, surpassing expectations. The crypto market, however, did not see eye to eye.

Enjin coin (ENJ) price has been on a steep downtrend following a rejection from the $0.3277 resistance level, a key hurdle that capped the upside potential of the cryptocurrency. However, the tables seem to have turned, with on-chain metrics showing the bulls are actively taking over.

AVAX price was among the top performers during the recent bull run, but like every altcoin, Avalanches native token is also witnessing corrections and decline. Although this may seem like a one-time, isolated event, the chances are that a dip in value is right around the corner.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Read more from the original source:
Cryptocurrencies Price Prediction: Bitcoin, Enjin Coin & AVAX Asian Wrap 15 November - FXStreet

Related Posts

Comments are closed.