Bitcoin

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The weekend has started with a neutral mode on the <a href="https://u.today/shib-price-analysis-for-november-24">cryptocurrency market</a>.
<img data-entity-type="file" data-entity-uuid="8d710db4-5da5-40fb-a38e-84e52d726001" src="https://u.today/sites/default/files/inline-images/top10_793.png">Top coins by <a href="https://coinmarketcap.com/">CoinMarketCap</a>
<h2 id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has fallen by 0.11% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="5619ea7f-7dc3-4ff4-b5a1-15ae9e4876c1" src="https://u.today/sites/default/files/inline-images/btc1_152.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>
On the daily chart, the price of BTC has made a false breakout of the local support level at $37,670. However, if the daily candle closes near it, there is a chance of a decline to the $37,500 zone tomorrow.
<img data-entity-type="file" data-entity-uuid="9a0491da-a7c2-44d6-9f6f-cd79133f6ffa" src="https://u.today/sites/default/files/inline-images/btc2_136.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>
On the bigger time frame, the rate of BTC has failed to break through the level of $38,000 and fix above it.
Until it happens, traders may expect a correction to the $37,000-$37,500 area soon.
<img data-entity-type="file" data-entity-uuid="827fd3ff-652c-4868-9c7f-346ed39599d8" src="https://u.today/sites/default/files/inline-images/btc3_135.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>
A similar picture is on the weekly chart. If the bar closes far from the $37,988 level, bears may seize the initiative, which can lead to a drop to the $36,000 range next month.
Bitcoin is trading at $37,703 at press time.

Bitcoin (BTC) Price Analysis for November 25

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