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  • Writer's pictureHenry

Bitcoin Price Chart Analysis for 24th November 2023

Bitcoin formed internal wave 2 perhaps and now is regaining strength. The push upside is evident and we should see new price action forming. A break out of the current resistance level should follow with volatility and pull backs to retest the zone and then continue the rally higher to 40,000 USDT levels. If you followed my analysis then you would have noticed that there is major upside unfolding. Action is bullish and many crypto stocks are moving higher.

Bitcoin price action near resistance

Bitcoin price action near resistance is gaining traction. Supertrend in 1H time frame is still sell, however the action is bullish and therefore we are still focusing on buy on dips.

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