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Crypto-currencies

27.11.202315:46 Forex Analysis & Reviews: Technical analysis on Bitcoin for November 27th, 2023.

Exchange Rates 27.11.2023 analysis

Blue lines- bearish divergence signs

Red lines- support trend lines

Bitcoin is trading around $36,900. On Friday Bitcoin formed a new intraday high but bulls failed to keep price above $38,000. As we mentioned on Friday, the new higher high was followed by a bearish divergence in the RSI, signalling a weakening up trend. Bitcoin is under pressure today but still above the short-term red upward sloping support trend line. Short-term support is found at $36,400. Bulls do not want to see price break below this support.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Alexandros Yfantis,
Analytical expert of InstaSpot
© 2007-2025
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