Bitcoin Price Analysis$BTC for November 16

Bitcoin (BTC) opened today at $91,058. This is 0.46% higher than the opening price. After falling to $90,867, it is trying to move higher. From the highest price over the past 30 and 7 days, its value has decreased by -1.74%, while from the lowest price recorded over the same period of time, it has increased by 40.17% and 20.91%.

According to our analysis, it is crucial for BTC to hold above $73,687 to potentially move towards the initial important resistance level at $93,104.

If the price drops, the first support level to watch is $73,687. If this level fails to hold, further decline to the next support level at $71,645 is possible.

EMAs on the daily chart indicate a bullish signal. Bitcoin is currently above the 10, 20, 50, 100 and 200-day EMAs. $$NEIRO $PROS