Bitcoin (BTC) is trending higher this week. From November 18, BTC is expected to trade between $106,430 and $113,046, indicating an increase of around 6.22% by the end of the week. This confirms the overall positive sentiment in the cryptocurrency market.
Technical analysis also shows bullish momentum, with the MACD indicator on the weekly time frame signaling growth, confirming the continuation of the current uptrend.
At the same time, experts point out that the overall strengthening of the Bitcoin rate is associated with macroeconomic factors, including a decrease in inflation and a possible decrease in interest rates in the United States, which makes the cryptocurrency more attractive to investors
⚠️Important zones:
✅Support: 87300, 85700, 85200, 83100, 82200, 78700, 78500, 76200, 74350, 73800, 72600
❌Resistance: 91100, 93300, 95000, 97000, 98500, 100000, 101000, 106050, 108100, 111050, 143050
