As of today, November 29, 2024, Bitcoin (BTC) is experiencing a pullback after touching highs around $97,000 earlier in the month. It is currently trading near the $92,500 level, showing a slight decline in the past 24 hours due to profit-taking and cautious sentiment among investors.
Key Analysis:
Support and Resistance: Analysts see strong support at $90,000 and resistance around $95,000. If Bitcoin breaches $95,000, it could retest the $97,000 mark or higher.
Market Sentiment: Market sentiment remains cautiously optimistic, with a mix of bullish and bearish signals. Increased buying volume could push BTC higher, while failure to hold key support may lead to a deeper correction.
Technical Indicators: The RSI (Relative Strength Index) is neutral, suggesting neither overbought nor oversold conditions. This aligns with current sideways trading behavior.
As Bitcoin consolidates near key levels, traders are watching for a breakout. The price action in the next few days will likely depend on broader market sentiment and any external macroeconomic triggers.
#ThanksgivingBTCMoves read the feed post👇👇👇👇