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Bitcoin Price Prediction – Bitcoin Price Prediction: BTC/USD Signals Fresh Increase Above $55,000

Bitcoin Price Prediction: BTC/USD Signals Fresh Increase Above $55,000 

Bitcoin Price Prediction – November 28


The Bitcoin cost retested the $53,642 support level as it is currently rising, however it should clear $57,000 and the moving midpoints for a consistent increment. 

BTC/USD Long-term Trend: Bearish (Daily Chart) 

Key levels: 

Obstruction Levels: $63,000, $65,000, $67,000 

Support Levels: $46,000, $44,000, $42,000 

Bitcoin Price Prediction 

Bitcoin Price Prediction 

BTCUSD – Daily Chart 

BTC/USD is presently recuperating from the $53,000 support zone however the primary advanced resource should clear $57,000 obstruction over the 9-day and 21-day moving midpoints to begin a new expansion in the close to term. Taking a gander at the day by day outline, merchants could see that BTC is yet to break over the 9-day moving normal. The ramifications is that the market might drop to retest the $50,000 support. This is conceivable in case the venders recover the $52,000 urgent help level and by and large, dealers might find entrance troublesome at this level. 

Bitcoin Price Prediction: Would BTC Climb Higher this time? 

As uncovers by the every day graph, the Bitcoin cost contacts the obstruction level of $55,316 at the kickoff of the present market. Meanwhile, merchants could see that the Bitcoin cost might keep on joining over the critical degree of $54,000. The Relative Strength Index (14) moves to cross over 40 level trying to presumably cross back toward the north. 

Nonetheless, the principal significant obstruction is close the $56,000 level while the primary opposition is as yet close the $58,000 level. Subsequently, a reasonable break over the $60,000 level could establish the rhythm for a bigger increment to $63,000, $65,000, and $67,000 opposition levels. Unexpectedly, should Bitcoin value neglect to clear the $55,000 obstruction, it could begin another decrease as the underlying help on the drawback is close the $53,000 level. Assuming there is a disadvantage break beneath the $50,000 support and $48,000, the cost could begin a sharp decrease towards the help levels of $46,000, $44,000, and $42,000 separately. 

BTC/USD Medium – Term Trend: Bearish (4H Chart) 

The 4-hour outline for BTC is as yet running as the market has been giving an indication of a bullish pattern since the every day opening. Be that as it may, the intraday exchanging is as yet looking bullish; following the new bounce back at $53,642 which is presently a key help level. The following key help level could be situated at $52,500 and underneath. 

BTCUSD – 4 Hour Chart 

Nonetheless, thinking about the new sharp bounce back, the Bitcoin cost might proceed with the bullish assembly to $56,000resistance. A move over the referenced opposition might additionally push the BTC cost to the obstruction levels of $58,000 or more as the Relative Strength Index (14) is seen moving around 40-level, proposing a bullish development. 

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