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Daily Technical Analysis Research 11.11.2024 – Cryptocurrency (BITCOIN)

BITCOIN (BTC/USD):

Bitcoin has shown remarkable strength since breaking through its all-time highs. Currently trading above $80,000, it shows no signs of slowing down.

Daily Technical Analysis Research 11.11.2024 - Cryptocurrency (BITCOIN) - Screenshot 2024 11 11 at 14.42.09 1024x613

A closer look at the technicals reveals that the price held strong at key internal support levels and continued to climb shortly after the election results. As we move into price “discovery” territory, the next major psychological levels to watch are $90,000 and $100,000.

Daily Technical Analysis Research 11.11.2024 - Cryptocurrency (BITCOIN) - Screenshot 2024 11 11 at 14.42.20 1024x621

 

Author

Matthew Hayward
Matthew is a well-experienced Market Analyst with a key focus on both Fundamental and Technical Analysis. He has experience in covering various market topics including Cryptocurrency, Foreign Exchange, Indices, and Commodities. He looks to provide we...
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