Bitcoin Price Analysis — December 2
BTC continues to struggle to get back on a bullish trajectory amid lingering FUD sentiments across the global financial market. The benchmark cryptocurrency recorded a firm bullish leg-up to the 
59K barrier but lacked the bullish fortitude to break above that level and slumped to the 56K zone. This slump comes following the formation of a double-top pattern at the 59K resistance after the second failed attempt since November 30. That said, the double-top-induced bearish slide appears to have slowed down this morning as BTC resurfaced above 57K again. Nonetheless, the primary cryptocurrency needs to post a decisive move above the 59K resistance soon or risk another fall to the 
54K pivot bottom as BTC remains range-bound along my descending trendline.
Meanwhile, my resistance levels are at $57,500, $58,000, and $59,000, and my key support levels are at $56,700, $56,000, and $55,000.
Total Market Capitalization: $2.60 trillion
Bitcoin Market Capitalization: $1.06 trillion
Bitcoin Dominance: 41%
Market Rank: #1
59K barrier but lacked the bullish fortitude to break above that level and slumped to the 56K zone. This slump comes following the formation of a double-top pattern at the 59K resistance after the second failed attempt since November 30. That said, the double-top-induced bearish slide appears to have slowed down this morning as BTC resurfaced above 57K again. Nonetheless, the primary cryptocurrency needs to post a decisive move above the 59K resistance soon or risk another fall to the 54K pivot bottom as BTC remains range-bound along my descending trendline. Meanwhile, my resistance levels are at $57,500, $58,000, and $59,000, and my key support levels are at $56,700, $56,000, and $55,000.
Total Market Capitalization: $2.60 trillion
Bitcoin Market Capitalization: $1.06 trillion
Bitcoin Dominance: 41%
Market Rank: #1
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