See also
24.11.2021 04:45 AMBitcoin's downward movement that happened in the first half of November is a bearish impulse. The significant support level of $ 59250 was broken, which makes it possible to consider a subsequent decline.
The level of $ 54,000 is considered as the nearest downward target. This support level was formed in early October but has not lost its relevance. If its local high is not updated this week, the decline will continue.
There is a 75% probability of testing the $ 54,000 mark. This allows us to hold open sales and look for opportunities for new short trades. The level of $ 59,500 is great for this purpose, at which the defining resistance is located.
It is important to understand that Bitcoin's price decline will most likely continue in the medium term. The daily candle, which was formed last Monday, indicates the advantage of sellers in this market area. It will be possible to consider purchases only after the absorption of this downward trend. The price reduction has already amounted to 20%, which is a strong signal for a priority shift.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
