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HomeCrypto CurrencyBitcoin - BTCTechnical Analysis: Bitcoin Price (BTC) EP.34 - 25th November, 2024

Technical Analysis: Bitcoin Price (BTC) EP.34 – 25th November, 2024

Observing movement’s Bitcoin price, we can clearly see its remarkable breakthroughs with consecutive surges, repeatedly breaking previous records. Currently, the price is approaching the critical threshold of $100,000.
Based on calculations, two main scenarios could occur this week:
  • Case 1: The price will continue to consolidate sideways and then rise directly from its current position to the $110,000 range.
  • Case 2: The price will retrace to the support level of $87,100 before rebounding back to the current peak of $100,000.

The common factor in both scenarios is that the upward trend remains intact. Therefore, it is crucial to observe closely and align real-time developments with the pre-planned strategy.

Make investment decisions cautiously and adhere strictly to risk management principles. With patience and discipline, you’ll soon achieve successes beyond expectations.

Wishing all investors intelligent and effective strategies. Stay tuned for the next Bitcoin price updates.

By. Pham Thanh Bien

Pham Thanh Bien
Pham Thanh Bienhttps://ebila.com
Mr. Pham Thanh Bien - Chairman of Vinmoc's Board of Directors, a self-made millionaire, with practical investment experience in the financial market since 2005. He is the person who shares and inspires thousands of investors in Vietnam.
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