The price of Bitcoin has struggled around the $95,000 mark after showing some early-weekend strength on Saturday, November 15. According to a prominent analyst on the social media platform X, the premier cryptocurrency seems to be showing signs of a potential rebound in the coming days. BTC Price To Return To $110,000? In a November 15 post on X, market analyst Burak Kesmeci shared that the price of Bitcoin is showing signs of recovery based on different technical indicators. In his analysis, Kesmeci fiddled with the possibility of BTC rising to $110,000 and the risk of falling to $85,000. Firstly, Kesmeci analyzed the Bitcoin fear (VIX) score, a technical indicator that evaluates volatility and fear in the market. According to data provided by the analyst, this indicator has been above the crucial 16.50 level for two consecutive days for the first time in 250 days, suggesting the presence of a buy opportunity. Related Reading: Massive Bitcoin Bid Walls Spotted On Binance: Bulls Step In With 2,800 BTC Cluster However, Kesmeci also highlighted that this signal does not automatically confirm a price rebound for the premier cryptocurrency from the current point. This buy signal might even persist and intensify if the VIX indicator continues to decline in the oversold zone. The crypto analyst noted that the Bitcoin price reacted a little to the daily Relative Strength Index (RSI) falling to 30, which marks the oversold territory. But Kesmeci mentioned that this RSI movement should offer little excitement, except if there is a positive divergence where RSI makes higher lows while price makes lower lows. Furthermore, Kesmeci examined the Fixed Range Volume Profile (FRVP), stating that there is a small gap with no volume between $95,000 and $85,000. According to the crypto analyst, a close below $95,000 could see the Bitcoin price fall—in a single candle—to as low as $85,000 in a bid to fill the FRVP gap. Kesmeci then hypothesized that holding above $95,000 could mean that Bitcoin is resting and building volume. With the current data suggesting that market makers are choosing to defend the $95,000, the crypto pundit believes that BTC could enjoy a reaction rally up toward $110,000, which is the real decision zone. Bitcoin Price At A Glance As of this writing, the price of BTC stands around $95,076, reflecting no significant movement in the past 24 hours. Related Reading: With Bitcoin At $94,000, Bitwise CEO Claims Crypto Has Endured A 6-Month Bear Market Featured image from iStock, chart from TradingView

سعر البيتكوين يعاني حول 95,000 دولار بعد ارتفاع قصير في 15 نوفمبر. أشار المحلل بوراك كيسميجي على وسائل التواصل الاجتماعي إلى أن البيتكوين يظهر علامات على انتعاش محتمل، حيث ظل مؤشر الخوف (VIX) للبيتكوين فوق 16.50 لمدة يومين متتاليين، مما يشير إلى فرصة شراء محتملة. تكهن كيسميجي بأن البيتكوين قد يرتفع إلى 110,000 دولار أو ينخفض إلى 85,000 دولار بناءً على المؤشرات الفنية.

El precio de Bitcoin ha estado alrededor de $95,000 después de un breve aumento el 15 de noviembre. El analista Burak Kesmeci señaló en redes sociales que Bitcoin muestra signos de una posible recuperación, con el índice de miedo (VIX) de Bitcoin manteniéndose por encima de 16.50 durante dos días consecutivos, lo que indica una posible oportunidad de compra. Kesmeci especuló que Bitcoin podría subir a $110,000 o caer a $85,000 según los indicadores técnicos.

Le prix du Bitcoin a stagné autour de 95 000 $ après une brève hausse le 15 novembre. L'analyste Burak Kesmeci a noté sur les réseaux sociaux que le Bitcoin montre des signes de reprise potentielle, le score de peur (VIX) du Bitcoin restant au-dessus de 16,50 pendant deux jours consécutifs, indiquant une opportunité d'achat possible. Kesmeci a spéculé que le Bitcoin pourrait atteindre 110 000 $ ou tomber à 85 000 $ en fonction des indicateurs techniques.

Bitcoin's price has been hovering around $95,000 after a brief surge on November 15. Analyst Burak Kesmeci noted on social media that Bitcoin is showing signs of potential recovery, with the Bitcoin fear (VIX) score remaining above 16.50 for two consecutive days, indicating a possible buy opportunity. Kesmeci speculated that Bitcoin could rise to $110,000 or drop to $85,000 based on technical indicators.

Bitcoin Indicator Sounds Buy Alarm For The First Time Since March — Return To $110K Soon?

Lower adjusted net asset value multiple means Strategy can no longer issue equity at a premium, threatening its long-term plan to accumulate more bitcoin, analyst Brett Knoblauch wrote.

شهدت أسهم Strategy انخفاضًا كبيرًا، مما دفع Cantor إلى خفض هدفه السعري بسبب انخفاض مضاعف القيمة الصافية للأصول المعدلة. وأشار المحلل بريت كنوبلاخ إلى أن هذه الحالة تمنع Strategy من إصدار الأسهم بسعر أعلى، مما يهدد خططها طويلة الأجل لتجميع المزيد من البيتكوين.

Las acciones de Strategy han experimentado una fuerte caída, lo que llevó a Cantor a reducir su objetivo de precio debido a un múltiplo de valor neto de activos ajustado más bajo. El analista Brett Knoblauch destacó que esta situación impide que Strategy emita acciones a una prima, poniendo en peligro sus planes a largo plazo para acumular más bitcoin.

L'action de Strategy a connu une forte baisse, incitant Cantor à réduire son objectif de prix en raison d'un multiple de valeur nette d'actif ajustée plus bas. L'analyste Brett Knoblauch a souligné que cette situation empêche Strategy d'émettre des actions à un prix supérieur, mettant en péril ses plans à long terme d'accumulation de bitcoin.

Strategy's stock has experienced a significant decline, prompting Cantor to reduce its price target due to a lower adjusted net asset value multiple. Analyst Brett Knoblauch highlighted that this situation prevents Strategy from issuing equity at a premium, jeopardizing its long-term plans to accumulate more bitcoin.

Strategy Stock Still a Buy at Cantor After Plunge Forces Major Price Target Cut

The experience, which is designed to feel like Venmo or Cash App, allows users to earn yield on bitcoin (BTC) and stablecoins and borrow against their holdings.

تعاونت Blockdaemon وVerifiedX لإنشاء تجربة مالية لامركزية (DeFi) سهلة الاستخدام وذاتية الحفظ، تشبه تطبيقات الدفع الشهيرة مثل Venmo وCash App، مما يتيح للمستخدمين كسب عائد على البيتكوين (BTC) والعملات المستقرة مع إمكانية الاقتراض مقابل ممتلكاتهم.

Blockdaemon y VerifiedX han formado una alianza para crear una experiencia de finanzas descentralizadas (DeFi) fácil de usar y auto-custodiada, similar a aplicaciones de pago populares como Venmo y Cash App, que permite a los usuarios ganar rendimiento en bitcoin (BTC) y stablecoins mientras piden prestado contra sus tenencias.

Blockdaemon et VerifiedX ont formé un partenariat pour créer une expérience de finance décentralisée (DeFi) conviviale et auto-custodiale, similaire à des applications de paiement populaires comme Venmo et Cash App, permettant aux utilisateurs de gagner des rendements sur le bitcoin (BTC) et les stablecoins tout en empruntant contre leurs avoirs.

Blockdaemon and VerifiedX have partnered to create a user-friendly, self-custodial decentralized finance (DeFi) experience, akin to popular payment apps like Venmo and Cash App, enabling users to earn yield on bitcoin (BTC) and stablecoins while borrowing against their holdings.

Bitcoin Indicator Sounds Buy Alarm For The First Time Since March — Return To $110K Soon?

Was this article worth reading? Share it

finlight.me

Betron.io

Subscription Day