US stock markets started the last day before the holiday positively. Stocks generally perform well between Thanksgiving and Christmas. It is important that the stock market performs well these days because crypto coins Amid the AI bubble debate, the stock market has been hit hard. Today is the decision day and analysts shared the levels they will watch.
Decision Day in Cryptocurrencies
US stock markets opened positively at the time of writing. If it continues like this, during the holiday period tomorrow and Friday cryptocurrencies can perform well. US markets will remain open for half a day on Friday. Expressing the meaning and importance of the day, Jelle wrote that the eyes will be on 89 thousand dollars.
“Bitcoin
$87,626.61rising again as NY approaches its opening. It always tends to lead to volatility – it has been trending higher in US hours so far this week.
It’s the last trading day before the Thanksgiving weekend, so if the bulls want to do something, they should do it today. All eyes are on $89 thousand.”
So we will definitely see volatility today and the US markets will open positively after Jelle’s comments. cryptocurrencies promising for.
Analyst Comments Bitcoin
We will take a look at today’s evaluations of two different analysts. This is important as it gives us the opportunity to monitor the market from different windows. Based on historical data, TraderXO says that as Bitcoin falls below the 50-week moving average, we could see a deep bottom towards the 200MA or even the 300-week MA. This is actually the base scenario of bears of this period, such as Roman Trading.
“Since 2015, one pattern has remained consistent: Bitcoin“tends to view the 200-week MA as an important cycle support area,” he said, underlining the bearish potential.
“The price has only fallen below the 300-week MA once in its history, and moves below the 200MA have been short-lived for most of the cycle lows. If we return to these levels and the overall market context is favorable, I would view this area as a high-probability buying opportunity…
Unless, of course, the situation is different this time?”
In the scenario where he is proven right, BTC may even drop below 50 thousand dollars. Time will tell.
TraderLeevis, on the other hand, thinks that the upward momentum may increase again after the strong closing above 88.150. He also wrote that if there is a negative deviation towards 84 thousand dollars, he may try to go aggressively long. BTC At the time of writing, it was at $87,268.
