Bitcoin Price Prediction – November 21
After touching the daily high of $60,070, the Bitcoin price is down to touch a low of $58,509 as there may not be a quick recovery for the coin at the moment.
BTC/USD Long-term Trend: Ranging (Daily Chart)
Resistance Levels: $65,000, $67,000, $69,000
Support Levels: $55,000, $53,000, $51,000
After forming a short-term top, BTC/USD is diving below $60,000 as the price is currently consolidating around $59,513 with a few bearish signals. However, the recent correction to the upward failed near the $60,070 level. The Bitcoin bulls are struggling to gain momentum above the $60,000 level.
Bitcoin Price Prediction: Would Bitcoin Go Up or Down?
As the daily chart reveals that the Bitcoin price stays below the 9-day and 21-day moving averages as the $58,000 and $56,000 levels are initial supports. Meanwhile, if the buyers fail … Read more