Nov 27, 2019
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Bitcoin Price and Technical Market Analysis 27th November 2019

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Bitcoin Price and Technical Market Analysis 27th November 2019

The second day of a new week in Bitcoin market was not marked by activity. After yesterday’s emotional movement of Bitcoin price, market participants today clearly decided to relax. This was because the total trading range was just over 3%. Also, looking at volumes which are almost 4 times lower than on yesterday’s daily candle, we can say that our “fight” scenario this week has a high chance of being realized. Yesterday, sellers during the confident price fall missed a counter-attack of buyers.

The 4-hour timeframe clearly shows this situation:

Bitcoin Price and Technical Market Analysis 27th November 2019

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