Analysis of Bitcoin price for today, November 25
Today, Bitcoin ($BTC ) opened at a level of $97,797. This is -0.74% lower than the opening price. Despite a rally to a level of $97,875, Bitcoin (BTC) faced resistance and could not maintain the momentum to move higher. From the maximum price over the last 30 and 7 days, its value has decreased by -2.38%, while from the minimum recorded price over the same period, it has increased by 47.39% and 9.18%.
According to our analysis, it is crucial for BTC to hold above the level of $73,687 in order to potentially advance to the initial important resistance level at $99,449.
If the price falls, the first support level to watch will be $73,687. If this level does not hold, further decline to the next support level at $71,645 is possible.
EMA on the daily chart indicates a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMA.
