Bitcoin (BTC) 
$90,846.46 The price fell to 91 thousand dollars after testing the resistance level. The decline occurred simultaneously with Trump’s latest statement on the G20. US markets will close early today and we will be in the weekend mood. But there is a significant shift in US investors.
US Cryptocurrency Investors
South Korean investors shifted to AI and technology stocks. US investors, on the other hand, are showing more interest in stocks and have been experiencing a loss of appetite in crypto for a while. Almost 1 month Coinbase Premium We have seen each rise quickly reverse as it remains in negative territory. Today anncnc1 finally wrote here that the sentiment has recovered and turned positive again after a long break.
It is important for US investors to regain their appetite so that Bitcoin’s rise is not permanent and resistance levels can be overcome. With U.S. stock markets closing after 9 p.m. Bitcoin We will watch closely. If the positive atmosphere continues, significant gains may be seen in altcoins by overcoming the $ 93 thousand resistance.
Risk on Bitcoin Chart
Lark Davis wrote that a convincing reversal would be possible with a break above $110,000 in the uptrend. The analyst watches the trend line connecting previous cycle highs. Here, 110 thousand dollars is of serious importance for the continuation of the cycle. If the bulls are not successful, a bearish OBO will be formed and according to Davis BTC It will decrease to 60 thousand dollars.
In the positive scenario, the shoulder breaks and after the top is overcome, BTC moves to $ 160 thousand within the next year. However, if Davis’ concerns are justified, we may see the cycle bottom below $60,000, which analysts such as Roman Trading draw attention to. Roman Trading wrote that he will start DCA at $ 50 thousand and that despite the possible intermediate rise of BTC, the possibility of a severe decline is still on the table.
DaanCrypto points to the $91,800 threshold. On the contrary, BTC has now turned its direction downwards and is finding buyers at $90,800.
“BTChad consolidated within this relatively narrow range. After futures reopened today, it broke through the highs and reached the $93,000 level, but has now fallen back to the ~91,000 range.
If there is a break below this level, it would be good to watch the $88,000-$89,000 range for a higher low. Alternatively, acceptance and hold above $91,800 could allow the support level above $93,000 to be reached once again. A volatile environment is expected in the short term before and after Thanksgiving, when volume and liquidity are typically quite low. Especially as the weekend approaches.”
