Bitcoin (BTC) Price Prediction for November 14
Analysis
Price Impact
MedBitcoin is currently experiencing sideways trading, with the price fluctuating between $89,000 and $92,000. this indicates a lack of strong bullish or bearish momentum. however, the recent increase in price and the possibility of closing above $92,000 may signal a potential uptrend towards $100,000.
Trustworthiness
MedThe analysis is based on the current price movement and historical trends, but it's important to note that market volatility can change quickly.
Price Direction
NeutralThe price is currently sideways, with the potential for an upward move towards $100,000 if the weekly candle closes around its peak.
Time Effect
ShortThe current price movement and predictions are based on short-term analysis, focusing on the hourly and daily timeframes. longer-term trends and news may influence future price movements.
Original Article:
Article Content:
Price Analysis Thu, 14/11/2024 - 12:49 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 The market has not reached the overbought zone yet, according to CoinStats . BTC chart by CoinStats BTC/USD The rate of Bitcoin (BTC) has gone up by 3.86% since yesterday. Image by TradingView On the hourly chart, the price of BTC is above the local resistance of $90,629. If the daily bar closes above this mark, growth may continue to the $92,000-$93,000 range shortly. Image by TradingView On the bigger time frame, the rate of the main crypto is trading within yesterday's bar, which means none of the sides is dominating. Related Tue, 11/12/2024 - 11:50 Bitcoin (BTC) Price Prediction for November 12 Denys Serhiichuk Thus, the volume has reduced, confirming the absence of bullish energy. In this case, sideways trading in the zone of $89,000-$92,000 is the more likely scenario. Image by TradingView From the midterm point of view, traders are focusing on the weekly candle's closure. If it happens around its peak, the rise may lead to a test of the $100,000 zone. Bitcoin is trading at $90,561 at press time. #Bitcoin Price Prediction