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Bitcoin Rebounds at $90.8K

Written By: ChartChamp

November 27, 2024

Bitcoin has rebounded slightly above the light blue support zone, bottoming out around $90.8k. There has been some upside overnight, and I have $95.5k as a resistance target ahead. I think BTC is likely to experience some upside on Thanksgiving Day followed by a selloff. For now I would monitor for a break or rejection at $95.5k, it’s possible to rally back towards the red resistance zone around $98k.

BTC is crossing above the white trendline around $95.4k, and is looking bullish headed into Thanksgiving Day. We might get that run up to the red resistance zone again to $98k, for now BTC is trading around the white trendline, trying to reclaim support here.

BTC has successfully flipped the white resistance level into support despite Jim Cramer’s bullish tweet. I have $98k as a key resistance level ahead, and the white trendline as a support level to monitor as we head into Thanksgiving Day.

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