Bitcoin Price Analysis — November 30
BTC continues to express significant bearish tendencies below the 57K resistance, where my three-week-long descending trendline resides. Yesterday, the primary cryptocurrency shot up to the 
59K level but failed to sustain the bullish traction as bears pushed the price back to the 56K pivot mark. That said, the cryptocurrency has rebounded towards the 57K zone again as on-chain metrics begin to look more positive. I expect to see a break above the 57K resistance in the coming days. A break above the 57K resistance should catapult the benchmark cryptocurrency to the 60K area within a short period. In the meantime, traders remain on the sideline as volatility could surge ahead of a bearish monthly candle close in the coming hours.
Meanwhile, my resistance levels are at $57,500, $58,000, and $59,000, and my key support levels are at $56,700, $56,000, and $55,000.
Total Market Capitalization: $2.63 trillion
Bitcoin Market Capitalization: $1.08 trillion
Bitcoin Dominance: 41.4%
Market Rank: #1
59K level but failed to sustain the bullish traction as bears pushed the price back to the 56K pivot mark. That said, the cryptocurrency has rebounded towards the 57K zone again as on-chain metrics begin to look more positive. I expect to see a break above the 57K resistance in the coming days. A break above the 57K resistance should catapult the benchmark cryptocurrency to the 60K area within a short period. In the meantime, traders remain on the sideline as volatility could surge ahead of a bearish monthly candle close in the coming hours. Meanwhile, my resistance levels are at $57,500, $58,000, and $59,000, and my key support levels are at $56,700, $56,000, and $55,000.
Total Market Capitalization: $2.63 trillion
Bitcoin Market Capitalization: $1.08 trillion
Bitcoin Dominance: 41.4%
Market Rank: #1
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