Bitcoin (BTC) Price Analysis: Renewed Bullish Momentum – November 26, 2023

Bitcoin (BTC) price analysis: Renewed bullish momentum – November 26, 2023

Bitcoin (BTC/USD) maintained a positive bullish trend at the start of the year Asian session as the couple stayed robust after sufficient extraction Momentum To Challenge The 38602.40 area, a Price target upwards with reference to Buying pressure around the 19568.52 And 24900 levels. cops recently BTC/USD lifted for the 38013 area Stop was chosen above The 38066.89 area, a Price target upwards linked to Buying pressure around the 19568.52 And 24750 levels. Traders are watching some other significant events technical levels attached to historical selling pressure around the 69000 And 48240 Areas including the 40503, 41225And 42230 levels.

Large Stop were also recently chosen above The 35912.28 area and 37362.84 Areas, important technical levels related to All-time high from 69000 and also related to historical buying pressure around the 3858 And 15460 levels. Following the most recent recognitionAreas of technical support and potential Buying pressure include the 33499, 32873, 32561, 31351And 30837 levels. TWheelers observe that the 50 bar MA (4 hourly) Is bullish, which is indicated above The 100 bar MA (4 hourly) And above The 200 bar MA (4-hourly). Also the 50 bar MA (hourly) Is bullish show above The 100-bar MA (hourly) And above The 200-bar MA (hourly).

Price activity is closest 50 bar MA (4-hourly) at 36941.19 and that 50 bar MA (Hourly) at 37173.53.

Technical support is expected around 31238.97/ 30028.62/ 28818.26 with Stop expected below.

Technical resistance is expected around 38584.16/ 39596.82/ 42721.31 with Stop expected above.

At 4-hourly Diagram, SlowK Is Bullish about SlowD while MACD Is Bullish over MACDAverage.

At 60 minutes Diagram, SlowK Is Bullish about SlowD while MACD Is Bullish over MACDAverage.

Technical analysis by Sally Ho
Check out yesterday’s trading analysis

Disclaimer: Sally Ho’s technical analysis is provided by a third party and is for informational purposes only. It does not reflect the views of Crypto Daily nor is it intended as legal, tax, investment or financial advice.

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