Bitcoin (BTC) Price Prediction: BTC/USD Risks Deeper Correction as Bitcoin Slumps to $55k

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Bitcoin (BTC) Price Prediction: BTC/USD Risks Deeper Correction as Bitcoin Slumps to $55k

BTC/USD Declines as Bitcoin Slumps to $55k – November 30, 2021

BTC/USD is now confirmed to be in a range-bound move as Bitcoin slumps to $55K . Bitcoin fluctuates between $56,200 and $59,000 price levels. The range-bound move has caused buyers to retest the $59,000 resistance level on five occasions. The rejection was caused by prices reaching the overbought region of the market.

Resistance Levels: $70,000, $75,000, $80,000
Support Levels: $50,000, $45,000, $40,000

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