Bitcoin Price Prediction for Today, November 15 – BTC Technical Analysis

Following
the
$93,000
break,
the
Bitcoin
price
prediction
shows
BTC
dropping
slightly
after
getting
rejected
at
$93,161.

Bitcoin
Prediction
Statistics
Data:

• Bitcoin
  price
  now
  –
  $88,893.51
• Bitcoin
  market
  cap
  –
  $1.77
  trillion
• Bitcoin
  circulating
  supply
  –
  19.78
  million
• Bitcoin
  total
  supply
  –
  19.78
  million
• Bitcoin
  Coinmarketcap
  ranking
  –
  #1

Getting
involved
in
crypto
projects
early
is
often
recommended,
as
potential
gains
can
be
extraordinary
over
time.

Take
BTC
as
an
example:
its
price
has
risen
dramatically
since
it
was
first
listed.
Starting
from
an
all-time
low
of
just
$0.04865
in
July
2010,
BTC
has
surged
to
an
all-time
high
of
$93,434.36,
achieved
only
yesterday.
This
represents
a
staggering
increase
of
over
183
million
percent
in
14
years
–
a
figure
that
exemplifies
the
incredible
growth
potential
seen
in
crypto
when
investing
early.
Even
within
the
last
24
hours,
BTC
has
demonstrated
significant
price
movement,
trading
between
$87,583.99
and
$91,765.22,
illustrating
its
value
and
volatility
as
it
reaches
new
milestones.

BTC/USD
Long-term
Trend:
Bullish
(Daily
Chart)

Key
levels:

Resistance
Levels:
$98,000,
$100,000,
$102,000

Support
Levels:
$78,000,
$76,000,
$74,000

On
the
daily
chart,

BTC/USD
recently
faced
resistance
around
the
$90,000
level,
a
significant
barrier
it
has
tested
multiple
times
without
a
clear
breakout.
This
level
remains
a
key
resistance
point,
and
the
market
shows
signs
of
consolidating
below
it.
The
consolidation
within
this
range
suggests
that
BTC
is
currently
at
a
decision
point,
where
a
breakout
above
this
level
could
signal
further
bullish
momentum.
At
the
same
time,
a
failure
to
hold
support
could
lead
to
a
retracement.

Bitcoin
Price
Prediction:
Bitcoin
Price
May
Consolidate
Around
$89k

The
daily
BTC/USD
chart
shows
that
Bitcoin
is
at
a
critical
juncture,
with
major
economic
data
poised
to
impact
its
price
direction.
Traders
should
keep
an
eye
on
key
support
and
resistance
levels,
as
well
as
market
volume
and
momentum
indicators,
to
gauge
whether
Bitcoin
will
continue
consolidating
or
make
a
definitive
move
in
the
coming
days.

Looking
at
potential
price
scenarios,
a
breakout
above
$90,000
on
the
daily
chart
could
open
the
path
to
higher
levels,
with
targets
around
the
resistance
levels
of
$98,000,
$100,000,
and
$102,000.
Conversely,
if
Bitcoin
fails
to
break
out
and
instead
pulls
back,
support
levels
of
$78,000,
$76,000,
and
$74,000
are
expected
to
offer
a
potential
floor
for
price
action.
Meanwhile,
the
$70,000
level
represents
a
worst-case
support
on
the
daily
chart,
though
this
is
less
likely
under
current
market
conditions.

BTC/USD
Medium-term
Trend:
Bullish
(4H
Chart)

On
the
4-hour
chart,

BTC/USD
shows
signs
of
consolidation
around
a
key
resistance
level
near
$90,777,
where
recent
price
action
has
faced
repeated
rejections.
This
level
has
acted
as
a
strong
barrier,
holding
back
any
immediate
bullish
momentum.
While
the
market
appears
to
be
forming
a
range
in
this
zone,
economic
data
such
as
the
CPI
and
inflation
rate
announcements
will
likely
drive
the
next
decisive
move.

However,
if
Bitcoin
fails
to
hold
above
the
current
support
levels
on
the
4-hour
chart,
a
pullback
to
the
$84,000
–
$85,000
range
could
unfold.
This
would
maintain
a
generally
bullish
outlook,
although
a
deeper
retracement
to
the
support
level
of
$82,000
and
below
could
occur
if
the
downside
pressure
intensifies.
Meanwhile,
the
4-hour
chart
indicates
that
open
interest
remains
high,
hinting
at
increased
volatility
ahead
of
upcoming
economic
data,
which
could
locate
the
resistance
level
of
$97,000
and
above.

Nevertheless,
@CrypNuevo
shared
with
followers
on
X
(formerly
Twitter)
their
perspective
on
$BTC
trading
triggers.
They
explained
that
while
it’s
not
necessarily
a
prediction,
a
price
spike
to
the
$95k-$96k
range
would
signal
a
short
opportunity,
as
a
pullback
could
occur
when
expectations
for
$100k
are
high.
Additionally,
they
would
consider
potential
long
positions
based
on
BTC
Dominance
(BTC.D),
evaluating
whether
to
favor
Bitcoin
or
altcoins.

$BTC

Not
necessarily
what
I
think
it’ll
happen
but
just
what
would
give
me
the
most
trade
triggers.

A
spike
to
$95ks-$96k
from
here
is
a
short
trigger
for
me
because
they’ll
pullback
when
everyone
expects
$100k
next.

And
I’d
look
what
to
long
based
on
BTC.D
(BTC
or
alts?).

pic.twitter.com/af4jyx7OSm

—
CrypNuevo
????
(@CrypNuevo)

November
14,
2024

Bitcoin
Alternatives

Bitcoin
(BTC)
may
remain
in
a
consolidation
or
minor
pullback
phase
until
the
impact
of
today’s
economic
data
becomes
clear,
with
traders
preparing
for
potential
volatility
around
key
levels;
a
break
above
$90,000
could
signal
bullish
momentum,
while
a
drop
to
$81,000
might
indicate
further
downside.
Meanwhile,

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a
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