Bitcoin (BTC/USD) Market Volatility Index Is Decreasing
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Bitcoin Price Prediction – November 30
There has been a less-active moving mode in the BTC/USD trade transactions over a certain period as the crypto market volatility index is decreasing below the $18,000 resistance line. In the most recent trading session, prices ranged from $17,971.13 to $16,429.15, maintaining a positive percentage rate of 2.36.
BTC/USD Market
Key Levels:
Resistance levels: $18,000, $19,000, $20,000
Support levels: $16,000, $15,000, $14,000
BTC/USD – Daily Chart
The BTC/USD daily chart shows that the crypto market volatility index is decreasing underneath the $18,000 resistance level. The 14-day SMA indicator has traveled southward past the point to place around $17,220.01 under the $19,424.78 value line of the 50-day SMA indicator. The upper horizontal line drew at the market resistance point earlier mentioned, while the lower horizontal line is at the $16,000 support level. The Stochastic Oscillators are moving in a consolidation manner at 83.61 and 88.44 levels to show that buying pressure is relatively ongoing.
Will there be a long-holding of positions above the $16,000 baseline spot in the BTC/USD market?
It has been that the reading posture of the Stochastic Oscillators that the BTC/USD trade has been getting a weak sign to the upside as the crypto market volatility index is decreasing below the $18,000 resistance level. In the meantime, the $16,000 support level is equally not too far from a free fall-off that can happen in no time. Like wisely, a sudden breakout at the 14-day SMA’s point at $17,220.01 may let buyers push through some high resistances in the process.
On the negative side of the BTC/USD market’s technical analysis, bears may stage a comeback around the smaller SMA’s trend line, testing the $18,000 resistance level before continuing their active descending trend afterward. On the negation note, if a bullish form holds against that assumption, sellers will have to relax efforts for some time until a rejection pattern emerges.
BTC/USD 4-hour Chart
The BTC/USD medium-term chart depicts the crypto market volatility index decreasing underneath the $18,000 resistance level. Severally, the price has been losing stances around $17,000. The 14-day SMA indicator is at $16,516.34, underneath the $16,789.09 value point of the 50-day SMA indicator. The lower range line drew at the $16,000 support level, indicating it as the current pivotal zone to subsequent possible downs. The Stochastic Oscillators are in the overbought region, showing that there can be a falling force at 97.02 and 96.13 levels.
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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