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Bitcoin’s Thanksgiving Volatility Continues

Written By: ChartChamp

November 26, 2024

After last night’s update, BTC failed to hold above the white support level around $94.1k and dropped down to the yellow trendline with support around $92.1k. This morning BTC is attempting to form a rebound at $92.1k, we’ll see if this support level manages to hold. There’s been a lot of red so far this week, and I think we can drop to $80k price levels in December.

BTC has formed a successful rebound from $92.1k, I have $94.8k as a key resistance target to monitor in the short term.

BTC got rejected at my price target 🎯 I think we see some volatility between $92k and the white trendline for now.

BTC is trading below $92.2k support here, I think there could be a rebound back up but definitely seeing a lot of swings in both directions and wild price action that could lead to shakeouts.

BTC continues to show weakness since Jim Cramer’s bullish post lol. I have $89.3k – $90.2k as a key support zone ahead.

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