4-hour chart of BTCagainst USD (own elaboration in Tradingview), at a price of $64,318. We can see how the $64,000 support has held robustly, as well as the $65,600 resistance, giving room for a clearly defined trading channel. At the moment, both the relative strength index, as well as the MacD benchmark, are in an oversold position, which redirects us to a probable uptrend. Next week is a week of CME futures liquidation, whose purchases generally put downward pressure on the price momentarily, so please take this into consideration. We will keep you updated on further developments.
Graph – BTC Projection (11-15-2021)