Bitcoin Price Analysis — November 18
On the daily timeframe, we can observe that the 
59K support line remains intact despite the recent sharp crypto market drop. Bulls only need to defend this line over the next few days to reestablish some upward traction. That said, further corrections to and below the 59K support is not out of the picture. Notably, we could see a drop to the lower-58K area if the 50 SMA fails to hold the price at 59.5K. What matters is that bulls assiduously prevent a daily candle close below the 59K support.
Meanwhile, my resistance levels are at $61,000, $61,785, and $63,000, and my key support levels are at $59,000, $58,000, and $57,500.
Total Market Capitalization: $2.60 trillion
Bitcoin Market Capitalization: $1.12 trillion
Bitcoin Dominance: 43.2%
Market Rank: #1
59K support line remains intact despite the recent sharp crypto market drop. Bulls only need to defend this line over the next few days to reestablish some upward traction. That said, further corrections to and below the 59K support is not out of the picture. Notably, we could see a drop to the lower-58K area if the 50 SMA fails to hold the price at 59.5K. What matters is that bulls assiduously prevent a daily candle close below the 59K support. Meanwhile, my resistance levels are at $61,000, $61,785, and $63,000, and my key support levels are at $59,000, $58,000, and $57,500.
Total Market Capitalization: $2.60 trillion
Bitcoin Market Capitalization: $1.12 trillion
Bitcoin Dominance: 43.2%
Market Rank: #1
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