Price analysis 11/11: BTC, ETH, XRP, LINK, BCH, BNB, DOT, LTC, ADA, BSV

Billionaire investor Stanley Druckenmiller became the latest famous name to disclose a Bitcoin position. Although Druckenmiller did not specify the quantity he had purchased, he did say that Bitcoin will outperform gold a lot more “because it’s thinner, more illiquid, and has a lot more beta to it.”

Paul Tudor Jones, Stanley Druckenmiller, and Bill Miller are some of the most successful traders and investors on Wall Street. A stamp of approval from them is likely to attract several other investors who may want to diversify their portfolio and outperform the markets.

Daily cryptocurrency market performance. Source: Coin360

In further validation for the crypto space, controversial Australian politician Cory Bernardi has called Bitcoin (BTC) “the millennial’s version of gold.” Even though Bernardi said that risks remain, he believes they are similar to that of any other asset class.

Alex Saunders, founder of the crypto education site Nuggets News, views the endorsements for cryptocurrencies by high-profile figures as a sign of changing times and earlier this week the analyst predicted that Bitcoin price will reach $1 million by 2030.

These fundamental points are long-term positives for cryptocurrency prices. However, let’s analyze the charts of the top-10 cryptocurrencies to find out the path of least resistance in the short-term.