Market overview
2024-11-25

WHAT HAPPENED? 

Last week, Bitcoin finally broke out of its sideways movement, positioning accumulated volume into long positions. The new ATH of the first cryptocurrency has almost reached six figures.

 WHAT WILL HAPPEN: OR NOT? 

Currently, the main expectation is a retest of the maximum level - the nature of the breakout will show the further trend in the near term. With strong secondary defense, we could see a correction down to at least $92,000.

 Buy zones:  $92,000-$89,400 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).

 Potential resistance  $100,000.

 IMPORTANT DATES 

 Regarding macroeconomic news: 
Tuesday at 18:00(GMT+3) US Consumer Confidence Index, US New Home Sales (Oct), FOMC Minutes publication.
Wednesday at 4:00(GMT+3) New Zealand Interest Rate Decision.
At 16:30(GMT+3) US Core PCE Price Index (Oct),
US GDP for Q3 this year, US Initial Jobless Claims.
At 18:00(GMT+3) Core PCE Price Index (Oct).
Thursday at 16:00(GMT+3) German Consumer Price Index
Friday at 13:00 Eurozone Consumer Price Index (Nov)
Saturday at 4:30(GMT+3) China Manufacturing PMI (Nov)