Bitcoin remains volatile as BTC rose by $290 within 15 minutes before the opening of Wall Street

Bitcoin (Bitcoin) Remained the same on November 22, because of a sudden spike an hour before the opening of Wall Street.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

The frightened Bitcoin price is below $60,000

Data from Cointelegraph Markets Pro with Transaction view Following BTC/USD, after hitting a multi-day low of $56,640 on November 22, it rose by nearly $3,000 in a few minutes.

After briefly breaking the $60,000 mark, the currency pair was strongly rejected, and now this is clearly a key level of resistance and breakthrough to continue the bull market.

As reported by Cointelegraph, opinions continue to support The return of Bitcoin’s full income, Despite the ghost of the expected “worst case” monthly closing looming in the background.

“The two most effective ways for BTC to extend the time it spends in the bull market are through extended integration…or through deep corrections,” Rekt Capital Summarize That day.

Cointelegraph writer Michaël van de Poppe also believes that Bitcoin will continue to integrate and even be healthy for the rest of 2021.

“Currently, in recent price movements, the price of Bitcoin has shown rejection to the exact same level as the red zone cannot break upwards. This red zone is a resistance zone that breaks through the $60,000,” he Add to Along with the chart as part of his latest newsletter.

“Currently, Bitcoin’s price movement has been severely rejected by the region, causing the price to drop to support again. In this way, as long as Bitcoin remains below $60,000, there is no reason to be bullish.”

At the time of writing, Bitcoin was hovering around $59,000 and continued to fluctuate after rising.

Powell will continue to serve as chairman of the Federal Reserve

As a result, Bitcoin escaped unscathed in the daily market and hardly saw any impressive performance of the coin.

related: $60,000 becomes resistance-5 things to watch for Bitcoin this week

Most of the top ten cryptocurrencies by market capitalization remained flat for the second day in a row, and only Solana (SOL) rose by more than 5%.

DXY 1-hour candlestick chart. Source: TradingView

At the macro level, the news of US President Joe Biden (Joe Biden) pick Jerome Powell (Jerome Powell) re-elected as chairman of the Federal Reserve, raising bond yields.

The U.S. dollar currency index, which has not seen a high for more than a year, continued to rise, breaking through 96.3.