BTC analysis 4H - Nov 18 2024
2024-11-19

Analysis on BTC shows that we can expect a short-term correction in the market. As price and volume divergences have appeared on the chart, it can be safe to assume that BTC can't probably proceed to higher levels without having some price or time correction. The blue trendline on the chart is the trigger line for a price correction. The first target of the drop is the 85,000 level and then 80,6500 and 77,000 levels can be touched as well. Is BTC going to fill the CME gap? if so, the drop will be a perfect chance to buy potential altcoins for a nice gain.

The other scenario is also shown on the chart, in which there will be another new ATH before dropping to fill the CME gap.