The post Bitcoin (BTC) Price Analysis for November 19 appeared on BitcoinEthereumNews.com. The market is neutral in the middle of the week, according to CoinStats. Top coins by CoinStats BTC/USD The rate of Bitcoin (BTC) has declined by 0.64% over the last 24 hours. Image by TradingView On the hourly chart, the price of BTC is in the middle of the local channel, between the support of $89,964 and the resistance of $92,779. As none of the sides is dominating, there are low chances of seeing increased volatility by tomorrow. Image by TradingView On the longer time frame, the rate of BTC is far from key levels. In this case, one should focus on yesterday’s bar’s low.  You Might Also Like If the candle closes around that mark, the fall is likely to continue to the $86,000-$88,000 range. Image by TradingView From the midterm point of view, sellers are more powerful than buyers. If bulls lose the $90,000 mark, the next zone where a bounce back may happen is $80,000-$85,000. Bitcoin is trading at $91,265 at press time. Source: https://u.today/bitcoin-btc-price-analysis-for-november-19The post Bitcoin (BTC) Price Analysis for November 19 appeared on BitcoinEthereumNews.com. The market is neutral in the middle of the week, according to CoinStats. Top coins by CoinStats BTC/USD The rate of Bitcoin (BTC) has declined by 0.64% over the last 24 hours. Image by TradingView On the hourly chart, the price of BTC is in the middle of the local channel, between the support of $89,964 and the resistance of $92,779. As none of the sides is dominating, there are low chances of seeing increased volatility by tomorrow. Image by TradingView On the longer time frame, the rate of BTC is far from key levels. In this case, one should focus on yesterday’s bar’s low.  You Might Also Like If the candle closes around that mark, the fall is likely to continue to the $86,000-$88,000 range. Image by TradingView From the midterm point of view, sellers are more powerful than buyers. If bulls lose the $90,000 mark, the next zone where a bounce back may happen is $80,000-$85,000. Bitcoin is trading at $91,265 at press time. Source: https://u.today/bitcoin-btc-price-analysis-for-november-19