Price Watch: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and EOS Price Analysis 16th November

Bitcoin price fell significantly after sellers successfully pushed it below the $6,000 support. BTC/USD traded towards the $5,500 level and it is currently consolidating losses. There could be a minor recovery in bitcoin and major altcoins like Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC), Monero (XMR) and EOS, but upsides are likely to be capped.

Key Points
* Bitcoin price declined heavily below $6,000 and tested the $5,500 support.
* Ethereum traded below the $200 and $185 support levels.
* Ripple price retested the $0.4340 support area and bounced back.
* EOS declined below $4.50 and settled below the $5.00 support.
* NSD rallied more than 500% and ONL gained around 160% during the past 7 days

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