Bitcoin Price Analysis — November 28 (4-Hour Chart)

Following its FUD-induced fall, BTC has found some support at the $54,000 pivot base, as the market witnessed a bearish slowdown on Sunday. That said, the next course of action for the benchmark cryptocurrency remains shrouded in uncertainty. Nonetheless, if BTC continues to prevent a bullish slide below the $54,000 line over the coming hours, we could see an increase in bullish traction towards the $57,000 - $58,000 soon.

Meanwhile, my resistance levels are at $55,000, $55,500, and $56,700, and my key support levels are at $54,000, $53,000, and $52,000.

Total Market Capitalization: $2.45 trillion

Bitcoin Market Capitalization: $1.02 trillion

Bitcoin Dominance: 42%

Market Rank: #1