Bitcoin Price Analysis — November 14

BTC regained a mild bullish tone on Sunday following a drop to the $63,000 pivot zone on the VanEck spot BTC ETF rejection by the SEC. The benchmark cryptocurrency now confirms the $63,000 level as the base of the current trend as bulls prepare to drive the price higher soon. BTC has also completed a full retracement from above 1192.23 (overbought conditions) on my 4-hour MACD chart, further bolstering the possibility of a sharp bullish move in the near term. That said, our benchmark cryptocurrency needs a candle-close above the $65,000 mark to kickstart another bull run.

Meanwhile, my resistance levels are at $65,000, $66,000, and $67,000, and my key support levels are at $64,000, $63,000, and $62,000.

Total Market Capitalization: $2.83 trillion

Bitcoin Market Capitalization: $1.21 trillion

Bitcoin Dominance: 43.1%

Market Rank: #1