Bitcoin (BTC) Daily Price Forecast – November 16

2018-11-16 09:43

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $5,500, $5,400, $5,300

Yesterday, November 15, the price of Bitcoin was in a bearish trend. As the critical support level of $6,000 was broken, the price of Bitcoin is daily getting weaker. From the daily chart, the price of Bitcoin is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall.

The crypto's price is making a series of lower highs and lower lows. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. However, a bearish candlestick is drawn at the lower time frame to determine the duration of the bearish trend.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. A bearish trend line is drawn showing the resistance levels where traders can short their trades. The principle is that if price breaks the bearish trend line and the following candlestick closed on the opposite of it; the current trend is said to be over. From the price action, a bullish candlestick has broken the trend line and the following candlestick closed on the opposite of the trend line. The bearish trend of Bitcoin is said to be terminated.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67434.99 (+0.06%)
Объем 24H $29.308b
Изменеия 24h: 0.17 %, 7d: -5.00 %
Cегодня L: $66951.93 - H: $67558.94
Капитализация $1329.225b Rank 1
Цена в час новости $ 5603.5 (1103.44%)

bitcoin price daily support bearish levels trend

bitcoin price → Результатов: 126


Фото:

Bitcoin Slips Under $67,000: Can BTC Rely On This Historical Support Again?

Bitcoin has observed a plunge during the past day, taking the asset’s price under $67,000. Here’s the historical support level that the asset could visit next. Bitcoin Is Now Not Far From The Short-Term Holder Realized Price As analyst James Van Straten pointed out in a post on X, the Realized Price of the Bitcoin Short-Term Holders has been going up recently and currently sits around the $64,000 level.

2024-6-12 22:00


Bitcoin Price Prediction: Expert Spotlights “Very Good” BTC Buying Opportunity Amid Ethereum (ETH) ETF Frenzy – Here’s His Outook

Bitcoin’s price trajectory remains a topic of intense speculation, with analysts closely monitoring market patterns and key events. In a video analysis, top analyst Crypto Rover delved into Bitcoin’s price trends, potential breakout scenarios, and the impact of the upcoming Ethereum spot ETF decision.

2024-5-20 18:30


Bitcoin Price Trajectory: Is a Major Shift Looming? Expert Highlights These Key BTC Trends

Bitcoin, the world’s largest cryptocurrency, finds itself in a precarious position as it approaches the weekly closure, threatening to register its fourth consecutive red candle. This rare occurrence has sparked concerns within the crypto community, prompting experts like Sjuul of AltCryptoGems to analyze Bitcoin’s price action on higher timeframes.

2024-4-28 19:30