11.13 Bitcoin hasn't reached a historical high today! Is there still a chance?
Bitcoin's highest price yesterday was just about 90,000. Currently, my current market does not show the price reaching 90,000, but other exchanges have seen Bitcoin at 90,000. Then in the afternoon, Bitcoin faced resistance and pulled back, reaching a low near the support level of 85,000.
Later in the evening, Bitcoin's price attempted to break upwards again, reaching almost the previous high, but it couldn't break through the previous high. Since November 6, Bitcoin has been able to set new historical highs every day, breaking the previous highs each day.
However, as of now, Bitcoin today has not set a new historical high. Of course, it's uncertain whether it will continue to attempt a breakthrough in the evening, as the day is not over yet, but previously breakthroughs have occurred in the early morning, creating historical highs.
Then Bitcoin's second attempt to break through 90,000 was unsuccessful, and so far the retracement price has just hit around 87,000. From the current market, we can see that the price has started to pause here, and the candlestick has begun to overlap and consolidate. So we can assume that Bitcoin has a chance to hold at this position and continue to attempt a rebound.
Combining the Bitcoin upward trend from the previous days, the bottoms have all retraced to show higher lows, with fluctuations upwards, and at any moment there could be a surge in the market. If you want to enter here, I suggest waiting for an hourly bullish candlestick rebound.
Because currently the hourly Bitcoin candlestick is still in a bearish situation, this is a detail to pay attention to for short-term entry. The above suggestions are for reference only and not investment advice. Still, as I said, if everyone lacks experience, it's best to practice more; there will still be opportunities in the future.
Finally, tonight there will be the release of the U.S. CPI, which will result in market fluctuations due to news events. Please pay attention to the market movements at that time!
