XBT Short-Term 1H | 25-Nov

25 Nov 2022

Not much change.

We have the breakdown 20/21 Nov. followed by a recovery 22/23 Nov.

After the recovery, we are seeing bullish consolidation.

Bitcoin (XBT) stays above MA200 and EMA10.
Bullish signals in this short-term analysis.

If MA200 is lost as support, XBT can revisit the lower levels marked blue on the chart.

Currently the bulls have the upper hand.

Options expire today which is normally a bearish event.
Watch out for sudden moves.

EMA300 ($16,755) is the immediate resistance on bullish pressure.

That's all for now.
I'll keep you updated.

Thanks for your support.

Namaste.