Bitcoin (BTC) Price Analysis for November 24
Analysis
Price Impact
MedTechnical analysis suggests a potential breakdown from the current support at $85,654, leading to a decline toward $85,000 short-term and possibly $80,000 by month-end if bullish momentum does not return.
Trustworthiness
MedThe analysis is based on technical indicators and chart patterns across different timeframes (hourly, daily, midterm), providing a structured but speculative outlook.
Price Direction
BearishThe article highlights an absence of bulls' energy and an ongoing correction, with price targets indicating further downside to $85,000 and potentially $80,000.
Time Effect
ShortThe analysis covers potential moves by the 'end of the day' for immediate support breaks and 'by the end of the month' for a larger correction, indicating a near-term focus.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Even though Monday has started bearish for most of the coins, bulls are trying to get back in the game in the second part of the day, according to CoinStats . Advertisement Top coins by CoinStats BTC/USD The price of Bitcoin (BTC) is almost unchanged since yesterday. Image by TradingView On the hourly chart, the rate of BTC is near the local support of $85,654. If a bounce back does not happen by the end of the day, one can expect a level breakout, followed by a further decline to the $85,000 area. Image by TradingView On the longer time frame, the price of the main crypto is within yesterday's bar, which means none of the sides has seized the initiative yet. You Might Also Like Mon, 11/24/2025 - 11:11 SHIB Price Analysis for November 24 By Denys Serhiichuk In this case, ongoing sideways trading in the range of $85,000-$87,000 is the most likely scenario. Image by TradingView From the midterm point of view, it is too early to make any long-term predictions. The rate of BTC keeps going down, confirming the absence of bulls' energy to seize the initiative. All in all, traders may expect an ongoing correction to the $80,000 zone by the end of the month. Bitcoin is trading at $86,073 at press time. #Bitcoin Price Prediction