{"id":359650,"date":"2022-11-24T14:57:53","date_gmt":"2022-11-24T19:57:53","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=359650"},"modified":"2022-11-24T15:01:57","modified_gmt":"2022-11-24T20:01:57","slug":"bitcoin-price-prediction-for-today-november-24-btc-usd-price-could-slide-to-16000-support","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-november-24-btc-usd-price-could-slide-to-16000-support","title":{"rendered":"Bitcoin Price Prediction for Today, November 24: BTC\/USD Price Could Slide to $16,000 Support"},"content":{"rendered":"<p>The Bitcoin price prediction is likely to spread the bearish move below $16,000 after numerous attempts to hold gains above $17,000.<\/p>\n<h2>Bitcoin Prediction Statistics Data:<\/h2>\n<ul>\n<li>Bitcoin price now &ndash; $16,588<\/li>\n<li>Bitcoin market cap &ndash; $318.5 billion<\/li>\n<li>Bitcoin circulating supply &ndash; 19.2 million<\/li>\n<li>Bitcoin total supply &ndash; 19.2 million<\/li>\n<li>Bitcoin Coinmarketcap ranking &ndash; #1<\/li>\n<\/ul>\n<h2>BTC\/USD Long-term Trend: Ranging (Daily Chart)<\/h2>\n<p>Key levels:<\/p>\n<p>Resistance Levels: $20,000, $22,000, $24,500<\/p>\n<p>Support Levels: $14,000, $12,000, $10,000<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">BTC\/USD<\/a> is trading around $16,566, but the largest cryptocurrency could face a support smashing exercise after failing to hold above $17,000. However, the bearish movement has been seen across the crypto market in the last few hours, with other major digital assets seeing similar losses trading around the 9-day and 21-day moving averages.<\/p>\n<h2>Bitcoin Price Prediction: Can BTC Price Go Lower?<\/h2>\n<p>The <a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-november-23-btc-usd-begin-to-show-bullish-signals\">Bitcoin price<\/a> is trading at $16,566 with an intraday loss of 0.12% as the prevailing trend is likely to follow the bearish movement. However, Bitcoin (BTC) is currently facing a downside within the channel, and a bearish movement toward the lower boundary of the channel is expected to continue. In the meantime, BTC\/USD is expected to fall and stay below the 9-day and 21-day moving averages which could hit the critical support levels at $14,000, $12,000, and $10,000.<\/p>\n<p>However, if the Bitcoin price crosses above the moving averages; the price could rise to $17,000 vital resistance while a further bullish drive could take the coin to the resistance levels of $20,000, $22,000, and $24,000 respectively. Moreover, the technical indicator Relative Strength Index (14) is moving below the 40-level, which shows a possible bearish momentum within the channel.<\/p>\n<h2>BTC\/USD Medium-term Trend: Ranging (4H Chart)<\/h2>\n<p>As the market opens today, the Bitcoin price touches the daily low of $16,505, but now hovering around $16,588.12. Should the price drop below the 9-day and 21-day moving averages; it could hit the next level of support at $15,500 and below.<\/p>\n<figure id=\"attachment_359652\" aria-describedby=\"caption-attachment-359652\" style=\"width: 1078px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-359652\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/BTCUSD_4H_19112022.png\" alt=\"\" width=\"1078\" height=\"554\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/BTCUSD_4H_19112022.png 1078w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/BTCUSD_4H_19112022-300x154.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/BTCUSD_4H_19112022-1024x526.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/BTCUSD_4H_19112022-768x395.png 768w\" sizes=\"(max-width: 1078px) 100vw, 1078px\"><figcaption id=\"caption-attachment-359652\" class=\"wp-caption-text\">BTCUSD &ndash; 4-Hour Chart<\/figcaption><\/figure>\n<p>However, if the bulls push the coin above the upper boundary of the channel, the Bitcoin price could hit the potential resistance level of $18,000 and above. For now, the market may experience an uptrend if the technical indicator Relative Strength Index (14) crosses above the 50-level.<\/p>\n<p>On that note, the <a href=\"https:\/\/www.impt.io\/win-100k\">IMPT<\/a> token presale is still live, and close to $13.5 million has been realized so far. In addition, the IMPT team has announced <a href=\"https:\/\/www.impt.io\/win-100k\">a giveaway promo of $100K IMPT<\/a>. This is not something you may want to miss.<\/p>\n<p>However, <a href=\"https:\/\/insidebitcoins.com\/visit\/dash2trade\" rel=\"nofollow\">D2T<\/a> token presale is still very strong, and a novel platform like Dash 2 Trade would have red-flagged the FTX disaster. This is an innovative bundle of tools: analytics, metrics, signals, auto-trading, and analysis tools. Presently, the D2T presale has raised close to $7 million.<\/p>\n<h2>Related<\/h2>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/cryptocurrency-price\/dash-2-trade-price-prediction\">D2T Price Prediction<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/visit\/dash2trade\" rel=\"nofollow\">How to Buy D2T<\/a><\/li>\n<\/ul>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price prediction is likely to spread the bearish move below $16,000 after numerous attempts to hold gains above $17,000. Bitcoin Prediction Statistics Data: <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-november-24-btc-usd-price-could-slide-to-16000-support\" title=\"Bitcoin Price Prediction for Today, November 24: BTC\/USD Price Could Slide to $16,000 Support\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":359651,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"class_list":["post-359650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-btc","tag-btcusd","tag-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction 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