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After reaching a new annual low in the $ 3,600 area, November 28, 2018 is a Wednesday for Bitcoin Lions (BTC) which, at least for one day, becomes the best time again. In fact, the digital gold hands change to $ 4,270, with a rally equal to just over 11 percentage points from yesterday's prices (follow this link in real time).
BTC quotes, believe the worst is over
After the downward spiral of the last two weeks, which resulted in a collapse of $ 6,300 to $ 3,600 for Bitcoins, it is clear that a day of strong recovery is not enough to say that the worst is over.
Unsurprisingly, given the graphical representation and the technical scenario, John Lee Quigley of blokt.com indicates that significant confirmations of the scenario change from bearish to bullish would come from exceeding the resistance level of $ 4,600.
Digital Gold, intermediate resistance test
Intermediate resistance is instead positioned in the $ 4,200 zone and has been breached by Bitcoin just during these hours. This gives hope that the current situation is not just a rebound trap, but something more price-oriented, for digital gold, less sacrificed than the current ones.
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