Category: Crypto News, News

Bitcoin (BTC) Price Prediction for November 16 — TradingView News

By Published On: November 17, 20240.8 min readViews: 1620 Comments on Bitcoin (BTC) Price Prediction for November 16 — TradingView News

The weekend has started positively for most of the top 10 coins, according to CoinMarketCap.CoinMarketCap”>

BTCUSD

The price of Bitcoin BTCUSD has risen by 0.71% over the last 24 hours.TradingView”>

On the hourly chart, the rate of BTC is breaking the local support of $90,900. If the daily bar closes below this level or near it, the drop may continue to the $90,000 range tomorrow.TradingView”>

On the bigger time frame, the price of the main crypto has once again bounced off the resistance of $91,846. If sellers’ pressure continues, there is a possibility of a correction to the $89,000-$90,000 range soon.TradingView”>

A better picture is on the weekly chart. At the moment, there are no reversal signals yet.

If the candle closes near its peak, traders may witness a test of a new all-time high shortly.

banner image

Bitcoin is trading at $91,011 at press time.

Source link