TL; DR failed
- Bitcoin price analysis is declining today.
- The price was set slightly higher at $ 66,000.
- It will most likely be a return to prepare for the climb.
Bitcoin price analysis is declining today, as we expect it to correct slightly after rising above $ 65,000. Therefore, Bitcoin / US Dollar needs more time to be able to re-test the peak of the whole period.
The broader market was traded in green in the last 24 hours. Bitcoin grew by 1.38% and Atrium by 2.74%. VeChain and Tron, meanwhile, are among the best performers with an increase of about 7-8%.
Bitcoin price movement in the last 24 hours: Bitcoin reached its highest level at $ 66,000
BTC / USD moved in the range of 63,647.81 to $ 66,281.57, which means average fluctuations in the last 24 hours. Total trading volume increased by only 1.37% to a total of $ 27.73 billion, while the total market value was trading at about $ 1.24 billion, which led to a market dominance of 43.09%.
Bitcoin / US Dollar 4-Hour Chart: Does Bitcoin Look Back at $ 64,000?
In the 4-hour chart, we can see the reversal of the Bitcoin price move backwards, as the cows are tired after setting a slightly higher local peak.
Bitcoin price movement saw a downward acceleration last week. After setting a new record high of $ 68,550 on November 9, the second re-test of the highest figure took place a day later, setting a double-digit ceiling.
From there, Bitcoin / US dollars quickly returned to $ 63,000. A further decline was clearly ruled out, leading to a merger of about $ 65,000. Another downtrend followed on November 12, which led to a reversal.
Since then, Bitcoin price action has risen slightly, reaching its lowest level before reaching $ 66,000. There will probably be another slight change in the next 24 hours as the cows prepare for the next major climb.
Bitcoin Price Analysis: Conclusions
Bitcoin price analysis is declining today because we saw a slightly higher increase overnight, which will probably lead to the next correction. Therefore, BTC / USD is going lower later today to prepare for a rise again over the weekend.
As you wait for more bitcoin to move, read our guide to NFT, Gemini Exchange Review and Sunacrip tokens.