HomeUncategorizedBitcoin struggles to flip $38K to support, while UNI, IMX, VET and ALGO aim to push higher By Cointelegraph

Bitcoin struggles to flip $38K to support, while UNI, IMX, VET and ALGO aim to push higher By Cointelegraph

November 27, 2023

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© Reuters

(BTC) rose above $38,000 on Nov. 24, but the bulls could not build upon this strength. This suggests hesitation to buy at higher levels. Bitcoin is on track to form a Doji candlestick pattern on the weekly chart for the second consecutive week. This signals indecision among the bulls and the bears about the next directional move.

With Bitcoin maintaining near its 18-month high, BitMEX co-founder Arthur Hayes retained his bullish stance. In a X (formerly Twitter) post, Hayes said that the United States dollar liquidity was increasing, which is likely to push Bitcoin higher.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
UNI/USDT daily chart. Source: TradingView
UNI/USDT 4-hour chart. Source: TradingView
IMX/USDT daily chart. Source: TradingView
IMX/USDT 4-hour chart. Source: TradingView
VET/USDT daily chart. Source: TradingView
VET/USDT 4-hour chart. Source: TradingView
ALGO/USDT daily chart. Source: TradingView
ALGO/USDT 4-hour chart. Source: TradingView