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Bitcoin Continues to Trade Around the White Trendline

Written By: ChartChamp

November 29, 2024

Bitcoin experienced some volatility on Thanksgiving Day with swings in both directions. BTC is trading around the white trendline, and is struggling to find support above the white line. I have the red resistance zone ahead between $98k – $100k, there could be a selloff as we approach the red zone.

Bitcoin has entered the red resistance zone, and is trading around $98k. I think we’ll start to see some sellers in this region, and I would monitor the white trendline to see if BTC starts to build support there around $97k.

BTC rejected at $98k again, should be important to see if BTC finds support at the white trendline around $96.8k

Crypto market is in greed territory as we approach December.

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