Fits and starts below crucial resistance at $60,000 continue with Bitcoin’s RSI due to rebound.
Bitcoin (BTC) continued its pattern of sudden price spikes on Nov. 24 as sudden momentum produced a brief trip above $57,400.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: 2021 still conforms to bullish patternData from Cointelegraph Markets Pro and TradingView showed BTC/USD making skittish moves within a familiar range during Wednesday.The pair reached highs of $57,875 on Bitstamp over the past 24 hours, these failing to hold for long as buyer support still waned closer to $60,000 resistance.Amid an overall uninspiring market environment, some took the opportunity to highlight ongoing similarities between 2021 and previous bull market years.Popular Twitter account TechDev focused on Fibonacci levels and Bitcoin’s behavior around them — this year, so far, has conformed exactly to the standard rubric.All 3
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