Bitcoin Price Analysis — November 28 (4-Hour Chart)
Following its FUD-induced fall, BTC has found some support at the $54,000 pivot base, as the market witnessed a bearish slowdown on Sunday. That said, the next course of action for the benchmark cryptocurrency remains shrouded in uncertainty. Nonetheless, if BTC continues to prevent a bullish slide below the $54,000 line over the coming hours, we could see an increase in bullish traction towards the $57,000 - $58,000 soon.
Meanwhile, my resistance levels are at $55,000, $55,500, and $56,700, and my key support levels are at $54,000, $53,000, and $52,000.
Total Market Capitalization: $2.45 trillion
Bitcoin Market Capitalization: $1.02 trillion
Bitcoin Dominance: 42%
Market Rank: #1
Meanwhile, my resistance levels are at $55,000, $55,500, and $56,700, and my key support levels are at $54,000, $53,000, and $52,000.
Total Market Capitalization: $2.45 trillion
Bitcoin Market Capitalization: $1.02 trillion
Bitcoin Dominance: 42%
Market Rank: #1
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