Bitcoin Price Prediction – November 27
Although it may take a while to witness a return of upswings in the BTC/USD trading activities as the crypto-economic market dumps, seemingly forming a bullish flag. Price has slightly pushed southward, trading around $54,482 line at a relatively smaller-positive percentage rate of about 0.99 as of writing.
Resistance levels: $57,500, $60,000, $62,500
Support levels: $52,500, $50,000, $47,500
BTC/USD – Daily Chart
The BTC/USD daily chart reveals that the crypto-economic market dumps, seemingly forming a bullish flag. That indicates the need to put the market back on track to the upside if the formation has to be valid. The bearish channel trend lines drew to ascertain the path that price keeps to the correction side. The 14-day SMA indicator is above the 50-day SMA indicator, trying to make a bend southward. The Stochastic Oscillators have initially touched the zero range … Read more