Price predictions 11/12: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, BCH

Overview

Recent market activities have seen Bitcoin bulls attempting to initiate a recovery. However, these efforts were thwarted by significant selling pressure near a key price level. This trend was echoed across various altcoins, which also faced sell-offs from their resistance points.

Market Activity

Bitcoin experienced a push from bulls aiming to recover from recent downturns. Despite their efforts, the price encountered formidable selling pressure around a specific threshold, resulting in a halt to the upward momentum.

This selling pressure was not limited to Bitcoin alone; most altcoins similarly faced challenges. As they approached their respective resistance levels, a wave of selling ensued, leading to a broader market decline. This pattern highlights the difficulties in sustaining upward movements in the current market environment.

Impact on the crypto market

• Bitcoin’s attempt at recovery indicates ongoing volatility within the market.
• The heavy selling pressure suggests that resistance levels remain significant barriers for upward movement.
• The response of altcoins to resistance levels demonstrates a correlation with Bitcoin’s performance.
• Market sentiment may be shifting as traders react to these selling pressures.
• The overall market may experience increased caution from investors following these events.

Updated: 11/13/2025, 10:26:50 AM