empty
28.11.2022 12:26 PM
Bitcoin consolidated above the $16.1k key resistance level: what to expect in the new trading week

The new trading week on the crypto market started with minimal price movements and slight bearish dominance. In general, the classic post-weekend situation with low trading volumes and minimal volatility persists.

This image is no longer relevant

Despite the subsiding volatility, the market is still waiting for resolution of several key crises. The main one concerns the likely bankruptcy of Gemini, which could become another "black swan" of the crypto market.

The situation in the mining industry is also worsening, as the difficulty of mining has increased by 0.5% after another recalculation. As a result, we are seeing one of the biggest capitulations of mining firms in the last seven years.

This image is no longer relevant

The positive news is that the process of capital redistribution continues. The number of addresses holding at least 1 BTC has reached an all-time high. Similar dynamics can be seen among "sharks" and "whales," which indicates the active work of long-term investors.

BTC/USD Analysis

At the end of the previous week, Bitcoin confidently defended the $15.5k key support level. Subsequently, the cryptocurrency price resumed upward movement and reached a local peak at $16.6k. The main boundary of $16.1k, which restrained the bullish potential, was broken.

This image is no longer relevant

However, over the weekend, the cryptocurrency failed to build on the success of the trading week, and the price began to slowly slide towards the lower boundary of the fluctuation range. At the same time, we saw a serious resistance of buyers, which can be seen from the uncertain red candlesticks.

As a result, as of November 28, Bitcoin failed to make a downward breakout of the $16.2k level, which became a local support zone and a bridgehead for further upward movement. If the asset holds $16.2k at the end of the current trading day, the bullish idea with a move to the $16.8k–$17.1k range remains valid.

This image is no longer relevant

The technical metrics of the asset indicate a drop in trading activity. The RSI index and stochastic are declining to the lower boundary of the bullish zone, indicating a drop in buying interest following the weekend. However, the MACD completed its bullish crossover, which resulted in a bearish divergence on the charts.

This might indicate an emergence of a local upward trend. Over the weekend, the bears did not have enough forces to cut the price down, in spite of the fall of the trading activity, which is a direct evidence for the bulls to take the initiative.

Results

Last week's strong defense of the $15.5k level was the catalyst for buying activity. As a result the bulls managed to reach the $16.6k level and hold the $16.2k support zone. This gives hope for the emergence of a local upward trend this week.

For this, Bitcoin needs to hold the $16.2k level and continue moving towards the $16.8k–$17.1k range. These are the main bullish targets for the price movement this week. However, it is important to understand that there are several "powder kegs" in the market, such as Gemini, and therefore the possibility of an unpredictable decline always remains.

Artem Petrenko,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

3月31日加密貨幣市場交易建議

比特幣和以太坊在過去的週末重新開始下跌。上週也沒有顯著增長,這表明加密貨幣市場的修正仍在繼續。

Miroslaw Bawulski 11:02 2025-03-31 UTC+2

加密貨幣市場令交易者困惑

近期加密貨幣市場的消息讓投資者感到沮喪。在剛過去的週末,比特幣和以太幣經歷了大幅下跌,並未能重返上升趨勢,這顯示市場進一步調整的可能性很高,尤其是在缺乏利好消息的情況下。

Jakub Novak 10:58 2025-03-31 UTC+2

比特幣 – 技術分析概覽

目前市場充滿不確定性。參與者採取了觀望態度。

Evangelos Poulakis 09:07 2025-03-31 UTC+2

以太坊崩跌。比特幣受影響較小

儘管 Pectra 測試升級在新的 Hoodi 測試網上成功推出——這可能是在將升級版本推送至旨在改善擴展性、質押和用戶體驗的主網之前的最後一步——但以太幣仍然大幅下跌,這為該加密貨幣的短期前景帶來重大挑戰。比特幣則顯得相對更加堅挺,但仍然失去了前一天的所有漲幅。

Jakub Novak 08:01 2025-03-28 UTC+2

3月28日加密貨幣市場交易提示

比特幣和以太坊正面臨維持現狀的困境。比特幣再次嘗試穩住在88,000美元卻失敗,從而在今日亞洲交易時段出現拋售情況。

Miroslaw Bawulski 07:34 2025-03-28 UTC+2

3月27日加密市場交易提示(北美交易時段)

比特幣在上午並沒有表現出任何有趣的動向。只有以太坊在其震盪區間內略有交易,但仍被困在其中。

Miroslaw Bawulski 15:16 2025-03-27 UTC+2

美國加密貨幣監管法案加速推進

美國立法者正快速推進針對數字資產的監管立法。關於穩定幣法案以及經過修訂的更廣泛的加密貨幣市場結構法案的投票預計將在不久的將來進行。

Jakub Novak 10:52 2025-03-27 UTC+2

BTC/USD 分析。3月27日。比特幣缺乏增長潛力

在BTC/USD的4小時圖中,波浪結構相當明顯。在完成由五個完整波段組成的牛市趨勢後,目前已開始出現一個修正性下跌階段。

Chin Zhao 08:31 2025-03-27 UTC+2

3月27日加密貨幣市場交易建議

比特幣和以太坊在維持上漲勢頭方面正面臨挑戰。然而,這似乎更像是對唐納·川普最新政治言論的反應——這些言論導致對風險資產的需求下降——而不是足以重新引起市場恐慌或悲觀情緒的嚴重影響。

Miroslaw Bawulski 08:06 2025-03-27 UTC+2

2025年3月27日,星期四,以太坊加密貨幣的日內價格走勢技術分析。

如果在接下來的幾天內,Ethereum 加密貨幣在日線圖上沒有顯著增強,尤其是未突破並收於2549.05水平之上,那麼這顯示Ethereum將繼續走弱至1753.97水平,並且如果成功突破並收於該水平之下,Ethereum將繼續走弱至1659.83水平。如果走弱的波動性和勢頭支持的話,那麼下一個目標將是1538.50。

Arief Makmur 06:36 2025-03-27 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.