Bitcoin Price Analysis — November 23
Despite having positive on-chain metrics, BTC still struggles to muster any bullish traction as bears keep the pressure. The benchmark cryptocurrency currently trades above the critical 56K - 53.7K pivot zone, which until last Friday remained unbroken for six weeks. That said, if bears lack the strength to push the price below the upper limit and towards the 
54K zone, we could see a bounce in the coming hours towards 58K. A successful push towards the 58K level should help BTC secure a move to the 60K psychological mark.
Meanwhile, my resistance levels are at $56,700, $57,500, and $58,000, and my key support levels are at $56,000, $55,500, and $55,000.
Total Market Capitalization: $2.52 trillion
Bitcoin Market Capitalization: $1.05 trillion
Bitcoin Dominance: 41.8%
Market Rank: #1
54K zone, we could see a bounce in the coming hours towards 58K. A successful push towards the 58K level should help BTC secure a move to the 60K psychological mark. Meanwhile, my resistance levels are at $56,700, $57,500, and $58,000, and my key support levels are at $56,000, $55,500, and $55,000.
Total Market Capitalization: $2.52 trillion
Bitcoin Market Capitalization: $1.05 trillion
Bitcoin Dominance: 41.8%
Market Rank: #1
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