- The daily chart: Bitcoin maintains the main support level:
Bitcoin is trading above $91,000 at the time of writing this report on Friday, as optimists seek to maintain their control and a steady recovery towards $100,000. The Relative Strength Index (RSI) is at 41 on the daily chart, which is rising, indicating a decrease in bearish momentum. Investors are likely to continue increasing their risk exposure, supported by a buy signal from the Moving Average Convergence Divergence indicator (MACD).
However, Bitcoin is trading under pressure below the 50-day exponential moving average (EMA) at $100,550, and the resistance of the convergence of the 100 and 200-day exponential moving averages at $105,275 - $105,371.
A reversal below 90,000 dollars could accelerate selling pressure and increase the chances of Bitcoin sweeping liquidity near the support level at 80,000 dollars.
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Before00zero
· 11-28 15:38
The price of Bitcoin has stabilized at 91,000 Dollar, while bulls are struggling to extend the recovery period amid declining retail interest.
Ethereum is trading above the 3,000 Dollar level but remains under pressure and below the key moving averages.
XRP is relying on the MACD buy out signal, stabilizing above the 2.21 Dollar level on Friday.
- The daily chart: Bitcoin maintains the main support level:
Bitcoin is trading above $91,000 at the time of writing this report on Friday, as optimists seek to maintain their control and a steady recovery towards $100,000. The Relative Strength Index (RSI) is at 41 on the daily chart, which is rising, indicating a decrease in bearish momentum. Investors are likely to continue increasing their risk exposure, supported by a buy signal from the Moving Average Convergence Divergence indicator (MACD).
However, Bitcoin is trading under pressure below the 50-day exponential moving average (EMA) at $100,550, and the resistance of the convergence of the 100 and 200-day exponential moving averages at $105,275 - $105,371.
A reversal below 90,000 dollars could accelerate selling pressure and increase the chances of Bitcoin sweeping liquidity near the support level at 80,000 dollars.
The daily chart for the BTC/USDT pair