Technical analysis of BTC/USD 11/26/2021

Bitcoin is showing a downward correction on the (1D) chart. At the moment the price is at the support level of 53,500 (38.2% Fib).

If the quotes break through this support, technically it will mean a continuation of the downward correction to the level of 49,000 (50% Fib), at which the lower line of the ascending channel crosses (MA100) and (MA200).

The closest resistance is at the 59,000 level.

BTCUSDDaily

Created by Joshua Hayn

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