Bitcoin Price Prediction November 15. It showed that the Bitcoin/USD market is moving slightly upward at $65,000 above-line, after having experienced a lower volume of downward force. At a relative value of 0.15, the crypto-economic market trades at $65,813 and currently trades at $65,813 This indicates that the market has reached a resistance level. BTC/USD Market Key levels: Resistance levels at $67,500, $70,000 and $72,500 Support levels at $62,500, $60,000 and $57,500 (TAG0]
Daily Chart BTC/USD The daily BTC/USD chart shows that the cryptoeconomic market is pushing upward at $65,000. This upper range-line has a smaller top shadow bearish candlestick. It indicates a type of relaxation in the current northward movement. The smaller SMA trendline at the tail ended was drawn by the range-bound lines. The 50-day SMA indicator lies below the 14-day SMA indicators. Stochastic Oscillators traveled southbound to cross the lines northbound in ranges between 20 and 40. This suggests that the market could still be slightly mooning.

What level could be the crucial support base as the BTC/USD markets push upward at $65,000 above the upper range-line?

As the BTC/USD market continues to push upward at $65,000, the $60,000 level could be a critical support base. Long-position-takers may find it difficult to ride the upward pressure that could start above that upper range value-line. This decision could be thrown out of control, especially if a rapid-violent retracement takes over market operations at a higher zone. The downside is that the BCH/USD short position takers need to examine a higher price rejection trading zone to see if the history in which the market has returned to a downward force generates sell orders before re-launching their positions. If the price continues to rise with active forces, the resistance levels at $67,000.

BTC/USD 4-hour Chart

The 4-hour BTC/USD chart shows that crypto market is pushing upward at $65,000 above the upper range-line. A line of 4-hour candlesticks with smaller candles has formed as a sign of market movements halting slightly above the value line. The SMA indicator for 14 days is higher than the 50-day indicator. The Stochastic Oscillators have moved in a consolidating fashion and are currently in the overbought area. This suggests that the crypto economy is still waiting to determine the direction of the next value-point.

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By: Azeez Mustapha
Title: Bitcoin (BTC/USD) Market Pushes Upside at $65,000 Upper Range-Line
Sourced From: insidebitcoins.com/news/bitcoin-btc-usd-market-pushes-upside-at-65000-upper-range-line
Published Date: Mon, 15 Nov 2021 13:40:24 +0000