Technical Outlook – November 20: Pressure Mounts Across Bitcoin & Major Altcoins

 The cryptocurrency market finds itself at a critical juncture as bears continue to apply pressure and bulls struggle to reclaim momentum. On November 20 the focus lies not only on Bitcoin (BTC) and Ethereum (ETH), but also on a broad range of major altcoins—highlighting the pervasive uncertainty across the board. According to recent data, spot Bitcoin ETFs experienced significant outflows, reflecting mounting institutional caution.Below is a summary of the technical picture for each key coin, and implications for traders and investors.

Bitcoin (BTC)

Bitcoin slipped below the psychologically important US $90,000 level, though bulls responded with long lower wicks in recent candles—showing demand emerged at the dips.However the bears remain active: if BTC fails to hold above ~US $89,253, the next support zone lies at ~US $87,800 and deeper down toward ~US $83,000. Meanwhile, recovery attempts face strong resistance near US $100,000—if this level becomes a short term ceiling, the risk of further correction grows.
Key levels to watch:

• Support: ~US $89,253 → ~US $87,800 → ~US $83,000

• Resistance: US $100,000

Ethereum (ETH)

For Ethereum, a fierce tug-of-war is underway around the US $3,000 zone.The 20-day EMA at ~US $3,365 is a major hurdle; a failure to clear that could open a drop toward ~US $2,946 and even ~US $2,500. Conversely, if ETH breaks above the 20-day EMA and can hold, it may target the 50-day SMA around ~US $3,824.
Key levels to watch:

• Support: ~US $2,946 → ~US $2,500

• Resistance/pivot: 20-day EMA (~US $3,365) → if cleared → SMA50 (~US $3,824)

XRP

XRP has seen buyers attempt a bounce, but bears are keen to sell any relief rallies.Price remains locked in a descending channel: if the channel support holds and XRP can clear the EMA 20 (~US $2.31) then a period of sideways movement may persist. If support breaks, downside toward ~US $1.61 could materialize.
Key levels to watch:

• Support: Channel lower boundary → ~US $1.61

• Resistance: EMA 20 at ~US $2.31

BNB

For BNB, the bulls are striving to defend above ~US $860. If that fails, a slide toward ~US $730 is possible. On the upside, a break above the 20-day EMA (~US $971) could see BNB rise toward ~US $1,019 and potentially ~US $1,078. That scenario might signal a shift into a consolidation range between ~US $860 and ~US $1,183.
Key levels to watch:

• Support: ~US $860 → ~US $730

• Resistance: ~US $971 (EMA20) → targets ~US $1,019 & ~US $1,078

Solana (SOL)

Solana bounced from support around ~US $126 but upward moves continue to meet selling pressure.If bears succeed in piercing that support, SOL may tumble toward ~US $95. Alternately, a breakout above the 20-day EMA (~US $154) might signal renewed bullish momentum, with a possible target near the 50-day SMA around ~US $183.
Key levels to watch:

• Support: ~US $126 → deeper ~US $95

• Resistance: ~US $154 (EMA20) → ~US $183 (SMA50)

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Dogecoin (DOGE)

Dogecoin attempted a rebound from ~US $0.15, but the bounce lacked strength and the bulls remain tentative.If DOGE fails to hold above ~US $0.14, a decline toward ~US $0.10 (the low from October 10) is possible. On the flip side, a breakout above the 20-day EMA would enhance the odds of a rise toward the 50-day SMA around ~US $0.19.
Key levels to watch:

• Support: ~US $0.14 → ~US $0.10

• Resistance: ~US $0.19

Cardano (ADA)

Cardano remains deep in a downtrend, trading below ~US $0.50 and showing clear bear dominance.A small support sits at ~US $0.45, but if broken, ADA could slip toward ~US $0.40. Any attempted relief rally might face renewed selling at ~US $0.50—which would confirm that the bulls lost control there. If the bulls manage to break above the 20-day EMA (~US $0.54), then a potential move to the 50-day SMA (~US $0.64) and even ~US $0.74 could occur.
Key levels to watch:

• Support: ~US $0.45 → ~US $0.40

• Resistance: ~US $0.54 (EMA20) → ~US $0.64 (SMA50) → ~US $0.74

HYPE (Hyperliquid)

HYPE met resistance at its 50-day SMA (~US $41.51) and then retraced, with bears attempting to drive price down toward ~US $35.50.If that support fails, HYPE could fall toward ~US $28. A bullish reversal would require a break and close above the 50-day SMA, opening a path toward ~US $44 and ~US $52, where selling pressure may re-emerge.
Key levels to watch:

• Support: ~US $35.50 → ~US $28

• Resistance: ~US $41.51 (SMA50) → ~US $44 → ~US $52

Bitcoin Cash (BCH)

Bitcoin Cash has seen the bulls attempt to push price toward resistance, but the bears held firm and forced a drop beneath moving averages.The primary support to watch is ~US $443; if that is broken, deeper correction may follow. For a bullish recovery, BCH would need to reclaim resistance and aim toward ~US $580 and ~US $615.
Key levels to watch:

• Support: ~US $443

• Resistance: ~US $580 → ~US $615

Zcash (ZEC)

Zcash is contending with strong resistance at ~US $750, while bulls are working to defend the 20-day EMA at ~US $536.Though moving averages remain upward-sloping (which is bullish), a bearish divergence in RSI signals waning momentum. If price breaks below the EMA, ZEC could tumble toward ~US $424. A bullish sign would be a decisive break above ~US $750.
Key levels to watch:

• Support: ~US $536 (EMA20) → ~US $424

• Resistance: ~US $750

Summary & Implications

The broader market is showing signs of weakness, with institutional flows (particularly for Bitcoin ETFs) turning negative—underscoring the cautious sentiment.Many coins are trading near critical support levels, and the environment is characterized by a strong risk of downside continuation if these supports fail. On the other hand, if key resistance levels are broken, then a consolidation or modest recovery phase could be underway.

For Traders & Investors:

• Risk management is paramount: Many coins are close to support levels; a breakdown could trigger fast declines.

• Watch for confirmatory signals: A pullback alone isn’t enough; look for sustained closes beyond support/resistance and volume confirmation.

• Stay alert to macro and institutional flows: With Bitcoin ETF outflows ongoing, broader market sentiment could tip further negative.

• Be flexible: The text outlines two scenarios for each coin — either downside continuation or recovery. Be prepared for either.

Conclusion
As of November 20, the crypto market is at a tipping point. The heavy hand of bears is evident, yet the bulls have not been fully vanquished. How each of the major coins—including Bitcoin, Ethereum, and an array of altcoins—respects or breaks their key levels may dictate the next phase of this cycle. Market participants should remain cautious, nimble, and ready for both outcomes.

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