The post Bitcoin (BTC) Price Analysis for November 17 appeared on BitcoinEthereumNews.com. A new week has started bearish for most of the coins, according to CoinStats. Top coins by CoinStats BTC/USD The rate of Bitcoin (BTC) has fallen by 1.42% since yesterday. Image by TradingView On the hourly chart, the price of BTC is far from the support and resistance levels.  You Might Also Like As neither bulls nor bears are dominating, traders are unlikely to see increased volatility soon. Image by TradingView On the longer time frame, the rate of the main crypto has made a false breakout of the support of $93,961. However, if a bounce back does not occur, there is a chance to see an ongoing drop to the $92,000-$93,000 zone. Image by TradingView From the midterm point of view, one should focus on the weekly candle’s closure in terms of the $93,376 level. If its breakout happens, the accumulated energy might be enough for a more profound drop to the $90,000 range. Bitcoin is trading at $94,111 at press time. Source: https://u.today/bitcoin-btc-price-analysis-for-november-17The post Bitcoin (BTC) Price Analysis for November 17 appeared on BitcoinEthereumNews.com. A new week has started bearish for most of the coins, according to CoinStats. Top coins by CoinStats BTC/USD The rate of Bitcoin (BTC) has fallen by 1.42% since yesterday. Image by TradingView On the hourly chart, the price of BTC is far from the support and resistance levels.  You Might Also Like As neither bulls nor bears are dominating, traders are unlikely to see increased volatility soon. Image by TradingView On the longer time frame, the rate of the main crypto has made a false breakout of the support of $93,961. However, if a bounce back does not occur, there is a chance to see an ongoing drop to the $92,000-$93,000 zone. Image by TradingView From the midterm point of view, one should focus on the weekly candle’s closure in terms of the $93,376 level. If its breakout happens, the accumulated energy might be enough for a more profound drop to the $90,000 range. Bitcoin is trading at $94,111 at press time. Source: https://u.today/bitcoin-btc-price-analysis-for-november-17