BTC reclaimed 65,000 for the second time today—and this time went further, reaching 66,093.
Context: this morning, BTC had already bounced from 61,968 to around 64,744, then dipped again to 63,850 in the afternoon. This evening it climbed again: the 16:00 15-minute candle closed at 65,887, the day’s high was 66,093, and it is now holding above 65,000. ETH also moved back above 1,800 (around 1,831), SOL is around 72.4, and XRP around 0.97. Behind this morning’s bounce was a short squeeze: around $130 million in short positions were liquidated in about an hour as BTC reclaimed 65,000 (derivatives data cited by CoinOTAG and KuCoin, Nov. 15; similar figures reported by TradersUnion).
Bullish scenario: a 4H close at 19:00 WIB above 65,000 opens the way to 66,500, then the 67,750–68,000 zone—the 200-week average.
Bearish scenario: failing to hold above 65,000 and dropping back below 63,850 opens the way to 62,600, then 61,968.
My conclusion: this second bounce is stronger than this morning’s—but what will determine the week isn’t this evening; it’s the weekly close at midnight tonight. BTC needs another roughly $2,100–$2,400 to close the week above the 200-week average; failure to do so would mean a fourth consecutive weekly close below that line since June (Bitfinex via CoinMarketCap, Nov. 13).
This is my analysis, not financial advice—always DYOR.
What do you think: will the weekly close be above or below 68,000?
#Bitcoin #AnalisisCrypto $BTC $ETH
Context: this morning, BTC had already bounced from 61,968 to around 64,744, then dipped again to 63,850 in the afternoon. This evening it climbed again: the 16:00 15-minute candle closed at 65,887, the day’s high was 66,093, and it is now holding above 65,000. ETH also moved back above 1,800 (around 1,831), SOL is around 72.4, and XRP around 0.97. Behind this morning’s bounce was a short squeeze: around $130 million in short positions were liquidated in about an hour as BTC reclaimed 65,000 (derivatives data cited by CoinOTAG and KuCoin, Nov. 15; similar figures reported by TradersUnion).
Bullish scenario: a 4H close at 19:00 WIB above 65,000 opens the way to 66,500, then the 67,750–68,000 zone—the 200-week average.
Bearish scenario: failing to hold above 65,000 and dropping back below 63,850 opens the way to 62,600, then 61,968.
My conclusion: this second bounce is stronger than this morning’s—but what will determine the week isn’t this evening; it’s the weekly close at midnight tonight. BTC needs another roughly $2,100–$2,400 to close the week above the 200-week average; failure to do so would mean a fourth consecutive weekly close below that line since June (Bitfinex via CoinMarketCap, Nov. 13).
This is my analysis, not financial advice—always DYOR.
What do you think: will the weekly close be above or below 68,000?
#Bitcoin #AnalisisCrypto $BTC $ETH