Dear Readers,
What a week this is?!
BTC touched the all time high price of $ 99655, just short of 345$ to touch the landmark high of 100000 USD.
BTC is currently trading at $94,547.38 a down of 3%.
RSI deeply overbought region.
The 20 Day EMA is around 88K. From this you can understand how BTC is in overbought region.
This shows that higher demands are still in the higher side of the BTC price.
If we find the BTC liquidation map, there are still various liquidation available from 98k, 99k and 100K.
This liquidity hunting is making more movements now-a-days that we have witnessed. That means, where ever there is a liquidity the BTC prices moved that level.
If we review the monthly price of BTC in November months, there is only 8% to go to from its current level of 38.74% match with the average price of 46%
As BTC price in a discovery mode, if it breaks 100K, then the resistance would be in the range of 102K.
If it goes downsides, then 88K acts as a strong support.
Watch out this levels and enjoy trading guys!
