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bullish

2024

Bitcoin

<p><a href="https://captainaltcoin.com/how-long-will-the-bitcoin-btc-bull-market-last/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price</a> could see a correction following a sell signal from the TD Sequential indicator. According to Ali Charts, this signal on Bitcoin’s daily chart suggests a potential shift from its recent bullish trajectory.&nbsp;</p>
<p>The TD Sequential, which identifies possible reversal points, points to a stall or retracement in Bitcoin’s price as it trades near significant resistance levels. Currently, BTC is close to $91,169, just below the 1.0 Fibonacci extension level at $93,483, which is anticipated to present resistance.</p>
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   <p lang="en" dir="ltr">A <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> price correction could be underway as the TD Sequential indicator presents a sell signal on the daily chart! <a href="https://t.co/MMCPzY1bAx" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/MMCPzY1bAx</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1857026244442837398?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 14, 2024</a>
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<p>This caution is further echoed by Crypto Patel, another analyst who predicts a price pullback if Bitcoin fails to sustain its momentum above $93,200. He notes a short-entry zone between $91,000 and $92,500, with potential support targets at $86,000 and $81,000.</p>
<h2 class="wp-block-heading" id="btc-s-strong-fibonacci-levels-provide-key-support-zones-strong">BTC’s <strong>Fibonacci Levels Provide Key Support Zones</strong></h2>
<p>Bitcoin’s possible support zones are being defined in large part by Fibonacci retracement levels. Three Fibonacci levels are highlighted in Ali’s analysis: the 1.0 level at $93,483, the 0.786 level at $86,489, and the 0.618 level at $81,367.</p>
<p>This sell signal highlights the possibility of a downturn. This is as Bitcoin is trading close to these levels, suggesting a potential stop or correction in the rally.</p>
<p>If a correction occurs, these levels may act as support zones, giving Bitcoin a cushion for potential consolidation. A sustained move below the 0.786 level could see BTC retreat to $81,367, further <a href="https://u.today/bitcoin-is-going-ballistic-michael-saylor-says-as-btc-holds-above-90000" target="_blank" rel="noopener noreferrer nofollow">reinforcing these support zones</a>.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/xrp-price-hits-multi-year-resistance-break-could-1-03-be-next/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>XRP Price Hits Multi-Year Resistance Break, Could $1.03 Be Next?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-analysts-identify-bearish-order-block-as-key-resistance-strong"><strong>Analysts Identify Bearish Order Block as Key Resistance</strong></h2>
<p>Crypto Patel suggests that Bitcoin’s short-term outlook hinges on whether it can break above the $93,200 threshold. If Bitcoin remains below this resistance, it could confirm a bearish order block. This will likely lead to a retracement toward the $86,000 and $81,000 levels.&nbsp;</p>
<p>Patel advises traders to set a stop-loss on short positions above this level, aiming to minimize risk should Bitcoin push past the resistance.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> Chart Analysis Update<br><br>After a strong upward move, I'm expecting some retracement ahead.<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4cd.png" alt="📍" class="wp-smiley" style="height: 1em; max-height: 1em;"> Short Entry Zone: $91,000 – $92,500<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4cd.png" alt="📍" class="wp-smiley" style="height: 1em; max-height: 1em;"> Bearish Order Block:&nbsp;If Bitcoin price stays below this level, we could see a drop to target levels:<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53b.png" alt="🔻" class="wp-smiley" style="height: 1em; max-height: 1em;"> Targets:<br>1⃣ $86,000<br>2⃣ $81,000<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">… <a href="https://t.co/wkj15ThjiD" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/wkj15ThjiD</a></p>— Crypto Patel (@CryptoPatel) <a href="https://twitter.com/CryptoPatel/status/1857091812768272769?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 14, 2024</a>
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<p>While a pullback appears imminent, analysts note that <a href="https://cryptobriefing.com/bitcoin-price-prediction-vaneck/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s uptrend</a> may continue after consolidation. Higher Fibonacci extension levels, such as 1.272 at $103,195 and 1.414 at $108,660, could serve as future targets if Bitcoin breaks above $93,483.&nbsp;</p>
<p>However, analysts emphasize that this uptrend will likely depend on Bitcoin’s ability to establish support at current levels and surpass the resistance at $93,200.</p>
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<p>The post <a href="https://captainaltcoin.com/bitcoin-btc-correction-looms-as-analysts-signal-sell-price-levels-to-watch/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Correction Looms as Analysts Signal Sell, Price Levels to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin (BTC) Correction Looms as Analysts Signal Sell, Price Levels to Watch

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