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Bitcoin risks lowest weekly close in 2 months

• Ned Will

  
   

  November 28, 2021

  Bitcoin (BTC) hovered around $54,000 on Nov. 28 as the upcoming weekly close showed signs of hitting two-month lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

  Buyers keen at $53,000

  Data from Cointelegraph Markets Pro and TradingView followed a quiet 24 hours for BTC/USD after Friday's $6,000 red candle. Although quiet into Sunday, the pair nonetheless dipped below a major zone of support on weekly timeframes, opening up the potential for its lowest end-of-week levels since late September. For trader and analyst Rekt Capital, $55,800 should be reclaimed to reverse this, something which could still "easily" occur.

  Bitcoin (BTC) hovered around $54,000 on Nov. 28 as the upcoming weekly close showed signs of hitting two-month lows. [i]BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView[/i]

  Buyers keen at $53,000

  Data from Cointelegraph Markets Pro and TradingView followed a quiet 24 hours for BTC/USD after Friday's $6,000 red candle. Although quiet into Sunday, the pair nonetheless dipped below a major zone of support on weekly timeframes, opening up the potential for its lowest end-of-week levels since late September. For trader and analyst Rekt Capital, $55,800 should be reclaimed to reverse this, something which could still "easily" occur.
• Joel Brent

  
   

  November 29, 2021

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