BTCUSD Crypto Weekly Technical Analysis

BTCUSD Crypto Weekly Technical Analysis – Saturday, November 25

Nov 25, 2023Jeremy ParkinsonFinance, No picture0

Photo by André François McKenzie on UnsplashIn today’s video, we’ll be checking the price for BTC/USD, its movement and behavior throughout the past week, and how it might affect its future price.Video Length: 00:07:08BTCUSD is continuing to show bullish strength and we have seen this week how the price cannot drop. Bulls push the price to a higher level, but the current price of 38533.67 which is a resistance is hard to break above.But, as it looks right now the market is ready to make a breakout to the upside. In the following week, I am expecting the price to try to break above.If we take a look at the weekly and monthly timeframe we can see that 38500.00 is a very important level. If the price manages to break above this will mean the price will try to reach 41000.00.To confirm that we need to see the price making a bullish breakout on the daily time frame and then confirm that breakout as a valid one.The price is also outside of the uptrend channel which shows bullish strength. If the price does not return inside the channel on the weekly time frame bulls have open space to move to 41000.00 and even higher.
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