Bitcoin Price Prediction for Today, November 15 – BTC Technical Analysis

After the breakout of $93,000, bitcoin price prediction shows btc falling slightly after being rejected at $93,161.

bitcoin Prediction Statistical Data:

• bitcoin price now: $88,893.51
• bitcoin market cap: $1.77 trillion
• bitcoin circulating supply: 19.78 million
• Total bitcoin supply: 19.78 million
• bitcoin Coinmarketcap Ranking – #1

It is often recommended to get involved early in crypto projects, as the potential profits can be extraordinary over time. Take btc for example: its price has increased dramatically since it first appeared. Starting from an all-time low of just $0.04865 in July 2010, btc has risen to an all-time high of $93,434.36, reached just yesterday. This represents a staggering increase of over 183 million percent in 14 years, a figure that exemplifies the incredible growth potential seen in cryptocurrencies when invested early. Even in the last 24 hours, btc has demonstrated significant price movement, trading between $87,583.99 and $91,765.22, illustrating its value and volatility as it reaches new milestones.

btc/USD Long-Term Trend: Bullish (Daily Chart)

Key levels:

Resistance levels: $98,000, $100,000, $102,000

Support Levels: $78,000, $76,000, $74,000

On the daily chart, <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/”>btc/USD recently faced resistance around the $90,000 level, a major barrier that has tested several times without a clear breakout.. This level remains a key resistance point and the market is showing signs of consolidation below it. Consolidation within this range suggests that btc is currently at a decision point, where a break above this level could signal further bullish momentum. At the same time, failure to hold support could lead to a pullback.

bitcoin Price Prediction: bitcoin Price May Consolidate Around $89,000

The btc/USD daily chart shows that bitcoin is at a critical moment, with important economic data about to affect its price direction. Traders should keep an eye on key support and resistance levels, as well as market volume and momentum indicators, to assess whether bitcoin will continue to consolidate or make a definitive move in the coming days.

Looking at possible price scenarios, a break above $90,000 on the daily chart could open the way to higher levels, with targets around the $98,000, $100,000 and $102,000 resistance levels. . Conversely, if bitcoin fails to break out and instead pulls back, the $78,000, $76,000, and $74,000 support levels are expected to offer a potential floor for price action. Meanwhile, the $70,000 level represents the worst support on the daily chart, although this is less likely under current market conditions.

btc/USD Medium-Term Trend: Bullish (4-hour chart)

On the 4-hour chart, btc/USD is showing signs of consolidation around a key resistance level near $90,777, where recent price action has faced repeated rejections. This level has acted as a strong barrier, curbing any immediate bullish momentum. While the market appears to be range-forming in this area, economic data such as CPI and inflation rate announcements will likely drive the next decisive move.

However, if bitcoin fails to hold above the current support levels on the 4-hour chart, a pullback to the $84,000 – $85,000 range could occur. This would maintain a generally bullish outlook, although a deeper pullback to the support level of $82,000 or less could occur if downward pressure intensifies. Meanwhile, the 4-hour chart indicates that open interest remains high, suggesting increased volatility ahead of upcoming economic data, which could place the resistance level of $97,000 and above.

However, @CrypNuevo shared with his followers on x (formerly twitter) his perspective on the triggers for $btc trading. They explained that, while not necessarily a prediction, a price rise to the $95,000 to $96,000 range would indicate a shorting opportunity, as a pullback could occur when expectations of $100,000 are high. Additionally, they would consider possible long positions based on btc Dominance (btc.D), evaluating whether they favor bitcoin or altcoins.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”11.254285714286″>

<a target="_blank" href="https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc

Not necessarily what I think will happen, but simply what would give me the most triggers to trade.

A rise to $95,000-$96,000 from here is a short trigger for me because they will pull back when everyone expects $100,000 next.

And I would look for what to crave based on btc.D (btc or alts?). pic.twitter.com/af4jyx7OSm

— CrypNuevo (@CrypNuevo) <a target="_blank" href="https://twitter.com/CrypNuevo/status/1857132425958089033?ref_src=twsrc%5Etfw”>November 14, 2024

bitcoin Alternatives

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