Bitcoin Price Analysis on November 25: Bitcoin and Altcoins Sales are Continued

Bitcoin and Altcoins Market Drop on November 25

Black days began at the heading cryptocurrency. We see another significant drop that has affected the entire market. The dominance of sellers is incredibly strong, and they break through the support levels one by one.

Several great drops broke all technical figures and patterns of bitcoin. And if you look at the daytime candles, it is clear that this is not the end. Sellers' next target is $6,000. It is at this level that the next strong struggle should unfold.

The younger moving averages (20EMA and 50EMA) have finally crossed the older one (200EMA), and this may serve as the beginning of a new global bear market. Events are developing rapidly, and all active players need to keep abreast.

Market Capitalization and Top Coins Fall

Three strongest daily falls allowed to break through the support level at the level of $200 billion capitalizations and now it is $183 billion. Trading volume, on the contrary, exceeded $100 billion and amounted to $111 billion at the time of writing. Bitcoin dominance only increases, which suggests that the altcoin market once again could not withstand such a sharp drop in the main cryptocurrency and fell even more.

The fall of Bitcoin was so overwhelming that only one coin from the Top-100 grew. This coin was Storeum, the value of which increased by 300%. Given the low trading volume of $34,000, this is most likely another manipulation.

The leader in the fall was one of the most expensive and capitalized cryptocurrencies on the market - Maker. In just a day, she immediately lost 21% or $120 million.